Marathon Asset Management Ltd Has $7.46 Million Stake in Coca-Cola Consolidated, Inc. $COKE

Marathon Asset Management Ltd trimmed its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 26.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,710 shares of the company’s stock after selling 22,804 shares during the period. Marathon Asset Management Ltd owned 0.07% of Coca-Cola Consolidated worth $7,464,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. acquired a new position in Coca-Cola Consolidated during the first quarter valued at approximately $50,000. Petrus Trust Company LTA bought a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth $248,000. Westbourne Investments Inc. acquired a new position in Coca-Cola Consolidated in the 1st quarter valued at $256,000. Nomura Asset Management Co. Ltd. raised its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Coca-Cola Consolidated by 900.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of Coca-Cola Consolidated stock opened at $160.63 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79. The company has a market cap of $13.73 billion, a PE ratio of 22.87 and a beta of 0.63. The firm has a fifty day moving average price of $153.02 and a two-hundred day moving average price of $128.99. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $169.49.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated 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.