Allianz Asset Management GmbH Sells 48,700 Shares of Coca-Cola Consolidated, Inc. $COKE

Allianz Asset Management GmbH trimmed its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 46.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,753 shares of the company’s stock after selling 48,700 shares during the period. Allianz Asset Management GmbH owned approximately 0.06% of Coca-Cola Consolidated worth $6,532,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the period. Root Financial Partners LLC bought a new stake in shares of Coca-Cola Consolidated during the third quarter worth $26,000. Geneos Wealth Management Inc. increased its holdings in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. Finally, Rakuten Securities Inc. increased its holdings in Coca-Cola Consolidated by 1,646.7% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $29,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Down 2.3%

Shares of COKE stock opened at $154.09 on Tuesday. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $169.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 21.94 and a beta of 0.64. The firm’s 50-day moving average is $156.41 and its 200-day moving average is $137.69.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s payout ratio is presently 14.25%.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.