BNP Paribas Financial Markets Lowers Stock Position in Coca-Cola Consolidated, Inc. $COKE

BNP Paribas Financial Markets cut its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 21.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 182,473 shares of the company’s stock after selling 51,119 shares during the period. BNP Paribas Financial Markets owned 0.21% of Coca-Cola Consolidated worth $27,973,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp grew its stake in shares of Coca-Cola Consolidated by 16.0% during the 3rd quarter. Fifth Third Bancorp now owns 528 shares of the company’s stock valued at $62,000 after buying an additional 73 shares during the period. Legacy Wealth Asset Management LLC grew its stake in shares of Coca-Cola Consolidated by 2.3% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,021 shares of the company’s stock valued at $616,000 after buying an additional 89 shares during the period. Private Advisor Group LLC grew its stake in shares of Coca-Cola Consolidated by 2.2% during the 3rd quarter. Private Advisor Group LLC now owns 4,297 shares of the company’s stock valued at $503,000 after buying an additional 94 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Coca-Cola Consolidated by 4.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,406 shares of the company’s stock valued at $369,000 after buying an additional 97 shares during the period. Finally, Alliance Wealth Management Group grew its stake in shares of Coca-Cola Consolidated by 1.2% during the 4th quarter. Alliance Wealth Management Group now owns 8,589 shares of the company’s stock valued at $1,317,000 after buying an additional 100 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $170.27 on Friday. Coca-Cola Consolidated, Inc. has a 12 month low of $105.21 and a 12 month high of $219.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.91. The firm has a market capitalization of $11.33 billion, a P/E ratio of 23.29 and a beta of 0.55. The company’s fifty day moving average price is $185.85 and its two-hundred day moving average price is $175.25.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%. The firm had revenue of $1.71 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were issued a $0.25 dividend. The ex-dividend date was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Coca-Cola Consolidated’s payout ratio is currently 13.68%.

About Coca-Cola Consolidated

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.