Boston Partners Has $357.09 Million Stake in Coca-Cola Consolidated, Inc. $COKE

Boston Partners increased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 7.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,329,643 shares of the company’s stock after acquiring an additional 169,555 shares during the period. Boston Partners owned 2.73% of Coca-Cola Consolidated worth $357,091,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in COKE. Quarry LP bought a new stake in Coca-Cola Consolidated during the 3rd quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in Coca-Cola Consolidated during the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC boosted its stake in Coca-Cola Consolidated by 175.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 0.9%

NASDAQ COKE opened at $187.89 on Friday. The stock has a fifty day moving average of $185.50 and a 200-day moving average of $176.12. The stock has a market capitalization of $12.51 billion, a P/E ratio of 25.70 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 52 week low of $105.44 and a 52 week high of $219.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23.

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

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s payout ratio is 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, the company 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.