Retirement Systems of Alabama raised its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) by 5.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 14,645 shares of the company’s stock after buying an additional 709 shares during the period. Retirement Systems of Alabama’s holdings in Coca-Cola Consolidated were worth $19,771,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of COKE. Allworth Financial LP grew its holdings in Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company’s stock valued at $48,000 after buying an additional 26 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in Coca-Cola Consolidated by 1.9% during the 4th quarter. Sanctuary Advisors LLC now owns 986 shares of the company’s stock valued at $1,347,000 after buying an additional 18 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Coca-Cola Consolidated by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 247 shares of the company’s stock valued at $311,000 after buying an additional 12 shares during the last quarter. Ieq Capital LLC acquired a new stake in Coca-Cola Consolidated during the 4th quarter valued at $429,000. Finally, Navellier & Associates Inc. grew its holdings in Coca-Cola Consolidated by 67.1% during the 4th quarter. Navellier & Associates Inc. now owns 14,885 shares of the company’s stock valued at $18,755,000 after buying an additional 5,976 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.
Coca-Cola Consolidated Price Performance
Shares of NASDAQ:COKE opened at $107.14 on Friday. Coca-Cola Consolidated, Inc. has a one year low of $99.56 and a one year high of $146.09. The business’s fifty day moving average price is $140.00 and its two-hundred day moving average price is $135.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.76 and a current ratio of 2.03. The stock has a market cap of $9.34 billion, a PE ratio of 16.72 and a beta of 0.81.
Coca-Cola Consolidated Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 15.60%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 10th.
View Our Latest Analysis on Coca-Cola Consolidated
Coca-Cola Consolidated 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.
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