Vaughan Nelson Investment Management L.P. Has $85.06 Million Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

Vaughan Nelson Investment Management L.P. lessened its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 22.7% in the first quarter, HoldingsChannel reports. The firm owned 443,615 shares of the company’s stock after selling 130,550 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Coca-Cola Consolidated were worth $85,059,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after acquiring an additional 341,374 shares during the last quarter. Boston Partners grew its stake in Coca-Cola Consolidated by 7.8% in the fourth quarter. Boston Partners now owns 2,329,643 shares of the company’s stock valued at $357,091,000 after acquiring an additional 169,555 shares during the period. First Trust Advisors LP raised its position in shares of Coca-Cola Consolidated by 42.1% during the fourth quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock worth $312,285,000 after purchasing an additional 603,513 shares during the period. State Street Corp lifted its holdings in shares of Coca-Cola Consolidated by 836.9% during the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after purchasing an additional 1,544,516 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at approximately $222,408,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $181.54 on Monday. 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, Inc. has a 12-month low of $105.97 and a 12-month high of $219.65. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 24.83 and a beta of 0.55. The firm’s 50-day moving average price is $184.14 and its two-hundred day moving average price is $176.95.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a dividend of $0.25 per share. 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 dividend payout ratio is presently 13.68%.

Wall Street Analysts Forecast Growth

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

Coca-Cola Consolidated Company 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.