Coca-Cola Consolidated, Inc. $COKE Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 58,068 shares of the company’s stock after selling 5,642 shares during the period. Marathon Asset Management Ltd’s holdings in Coca-Cola Consolidated were worth $8,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Torren Management LLC acquired a new position in Coca-Cola Consolidated during the fourth quarter worth $29,000. Morse Asset Management Inc acquired a new position in Coca-Cola Consolidated during the fourth quarter worth $31,000. Quarry LP acquired a new position in Coca-Cola Consolidated during the third quarter worth $25,000. Advisory Services Network LLC acquired a new position in Coca-Cola Consolidated during the third quarter worth $25,000. Finally, Smartleaf Asset Management LLC raised its holdings in Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $173.36 on Wednesday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65. The stock has a market cap of $11.54 billion, a price-to-earnings ratio of 23.72 and a beta of 0.61. The business has a fifty day moving average of $193.44 and a 200-day moving average of $172.51. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88.

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

Coca-Cola Consolidated Dividend Announcement

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

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.