Allspring Global Investments Holdings LLC Sells 5,323 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Allspring Global Investments Holdings LLC lowered its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 26.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,526 shares of the company’s stock after selling 5,323 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.16% of Coca-Cola Consolidated worth $13,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in COKE. Independent Advisor Alliance lifted its holdings in Coca-Cola Consolidated by 1.7% during the third quarter. Independent Advisor Alliance now owns 976 shares of the company’s stock valued at $621,000 after purchasing an additional 16 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Coca-Cola Consolidated by 1.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 937 shares of the company’s stock valued at $870,000 after buying an additional 16 shares in the last quarter. Arizona State Retirement System boosted its holdings in Coca-Cola Consolidated by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 1,429 shares of the company’s stock worth $909,000 after buying an additional 19 shares during the period. Eaton Vance Management boosted its holdings in Coca-Cola Consolidated by 4.4% in the 1st quarter. Eaton Vance Management now owns 455 shares of the company’s stock worth $226,000 after buying an additional 19 shares during the period. Finally, Bank of Montreal Can increased its stake in Coca-Cola Consolidated by 1.2% in the 1st quarter. Bank of Montreal Can now owns 1,665 shares of the company’s stock worth $825,000 after buying an additional 20 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 0.5 %

COKE stock opened at $812.63 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. Coca-Cola Consolidated, Inc. has a 1-year low of $529.68 and a 1-year high of $961.91. The business has a 50 day simple moving average of $839.41 and a two-hundred day simple moving average of $796.11. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 18.69 and a beta of 0.74.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, February 21st. The company reported $13.39 EPS for the quarter. The firm had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a net margin of 6.14% and a return on equity of 44.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

Coca-Cola Consolidated Company Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.