Coca-Cola Consolidated, Inc. $COKE Stock Holdings Trimmed by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 21.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 182,473 shares of the company’s stock after selling 51,119 shares during the period. BNP Paribas Financial Markets’ holdings in Coca-Cola Consolidated were worth $27,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter worth approximately $29,000. Morse Asset Management Inc acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter worth approximately $31,000. Quarry LP acquired a new position in shares of Coca-Cola Consolidated in the 3rd quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Coca-Cola Consolidated in the 3rd quarter worth approximately $25,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Coca-Cola Consolidated by 175.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Price Performance

COKE opened at $170.27 on Friday. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 23.29 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65. The company’s 50-day moving average price is $185.85 and its 200 day moving average price is $175.25. 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 data on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. The firm had revenue of $1.71 billion for 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 paid a dividend of $0.25 per share. The ex-dividend date was Friday, April 24th. This represents a $1.00 annualized dividend and a yield of 0.6%. Coca-Cola Consolidated’s dividend 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.