SG Americas Securities LLC Sells 113,388 Shares of Coca-Cola Consolidated, Inc. $COKE

SG Americas Securities LLC lessened its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 79.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,501 shares of the company’s stock after selling 113,388 shares during the quarter. SG Americas Securities LLC’s holdings in Coca-Cola Consolidated were worth $5,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quarry LP acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth $25,000. Advisory Services Network LLC acquired a new stake in Coca-Cola Consolidated in the third quarter valued at about $25,000. Newbridge Financial Services Group Inc. grew its position in Coca-Cola Consolidated by 900.0% in 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 last quarter. Geneos Wealth Management Inc. raised its stake in Coca-Cola Consolidated by 900.0% during the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Finally, Rakuten Securities Inc. raised its stake in Coca-Cola Consolidated by 1,646.7% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $29,000 after acquiring an additional 247 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $188.03 on Monday. Coca-Cola Consolidated, Inc. has a twelve month low of $109.42 and a twelve month high of $219.65. The stock’s fifty day simple moving average is $182.46 and its 200 day simple moving average is $177.52. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $12.52 billion, a P/E ratio of 25.72 and a beta of 0.55.

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

Coca-Cola Consolidated Dividend Announcement

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently 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.