Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 930.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 115,834 shares of the company’s stock after purchasing an additional 104,589 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Coca-Cola Consolidated were worth $12,933,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CW Advisors LLC raised its holdings in shares of Coca-Cola Consolidated by 5.4% during the first quarter. CW Advisors LLC now owns 194 shares of the company’s stock valued at $262,000 after acquiring an additional 10 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of Coca-Cola Consolidated by 2.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company’s stock valued at $614,000 after buying an additional 12 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of Coca-Cola Consolidated by 1.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 952 shares of the company’s stock valued at $1,285,000 after purchasing an additional 18 shares during the last quarter. Glenview Trust co lifted its position in Coca-Cola Consolidated by 8.2% in the first quarter. Glenview Trust co now owns 277 shares of the company’s stock valued at $374,000 after buying an additional 21 shares during the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new position in shares of Coca-Cola Consolidated in the 1st quarter worth approximately $50,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Coca-Cola Consolidated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $164.51 on Tuesday. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 23.42 and a beta of 0.63. Coca-Cola Consolidated, Inc. has a 1 year low of $105.21 and a 1 year high of $168.21. The stock’s 50-day moving average is $141.58 and its two-hundred day moving average is $131.08. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were given a $0.25 dividend. The ex-dividend date was Friday, October 24th. This represents a $1.00 annualized dividend and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is 14.25%.

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.