Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,408,115 shares of the company’s stock after acquiring an additional 57,238 shares during the period. Geode Capital Management LLC owned approximately 1.65% of Coca-Cola Consolidated worth $215,899,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock valued at $871,673,000 after acquiring an additional 341,374 shares during the last quarter. Boston Partners increased its position in shares of Coca-Cola Consolidated by 3.4% during the third quarter. Boston Partners now owns 2,160,088 shares of the company’s stock valued at $253,207,000 after acquiring an additional 70,212 shares during the last quarter. State Street Corp increased its position in shares of Coca-Cola Consolidated by 836.9% during the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after acquiring an additional 1,544,516 shares during the last quarter. First Trust Advisors LP increased its position in shares of Coca-Cola Consolidated by 119.3% during the third quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock valued at $167,957,000 after acquiring an additional 779,915 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Coca-Cola Consolidated by 15.5% during the third quarter. AQR Capital Management LLC now owns 1,369,718 shares of the company’s stock valued at $160,476,000 after acquiring an additional 183,781 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 1.7%

Shares of COKE stock opened at $175.00 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. The stock has a market capitalization of $11.65 billion, a P/E ratio of 23.94 and a beta of 0.55. The company has a 50 day moving average price of $186.90 and a 200 day moving average price of $174.93. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors 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 dividend yield of 0.6%. 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 stock currently has an average 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.