Boston Partners Acquires New Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Boston Partners bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,197 shares of the company’s stock, valued at approximately $8,630,000. Boston Partners owned 0.11% of Coca-Cola Consolidated as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of COKE. Vanguard Group Inc. increased its stake in Coca-Cola Consolidated by 5.3% in the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after purchasing an additional 30,443 shares during the last quarter. Norges Bank purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth about $188,138,000. International Assets Investment Management LLC purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth about $174,971,000. Charles Schwab Investment Management Inc. boosted its position in shares of Coca-Cola Consolidated by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,734 shares of the company’s stock worth $66,598,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Coca-Cola Consolidated by 36.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 59,665 shares of the company’s stock valued at $50,501,000 after purchasing an additional 16,095 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 2.7 %

COKE stock traded up $32.91 during trading on Friday, reaching $1,274.29. 69,511 shares of the stock traded hands, compared to its average volume of 43,893. The firm has a market capitalization of $11.94 billion, a PE ratio of 26.24 and a beta of 0.78. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.47. The business’s 50 day moving average price is $1,061.95 and its 200-day moving average price is $931.17. Coca-Cola Consolidated, Inc. has a 52-week low of $614.22 and a 52-week high of $1,305.78.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Monday, May 6th. The company reported $17.31 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The business had revenue of $1.59 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Friday, July 26th. Coca-Cola Consolidated’s payout ratio is 4.12%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd.

Insider Activity

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coca-Cola Consolidated Profile

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.