Pitcairn Co. Has $708,000 Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Pitcairn Co. decreased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 21.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 836 shares of the company’s stock after selling 230 shares during the quarter. Pitcairn Co.’s holdings in Coca-Cola Consolidated were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Coca-Cola Consolidated by 5.3% during 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 in the last quarter. Norges Bank purchased a new position in Coca-Cola Consolidated during the fourth quarter valued at approximately $188,138,000. International Assets Investment Management LLC purchased a new position in Coca-Cola Consolidated during the fourth quarter valued at approximately $174,971,000. Charles Schwab Investment Management Inc. grew its position in Coca-Cola Consolidated by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,734 shares of the company’s stock valued at $66,598,000 after purchasing an additional 1,049 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Coca-Cola Consolidated by 36.9% during 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 in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Coca-Cola Consolidated

In related news, major shareholder Cola Co Coca sold 598,619 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Coca-Cola Consolidated Stock Down 0.1 %

COKE stock traded down $0.94 during trading hours on Thursday, hitting $1,104.02. The company’s stock had a trading volume of 43,183 shares, compared to its average volume of 54,765. The company has a quick ratio of 1.47, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $10.34 billion, a PE ratio of 22.75 and a beta of 0.78. Coca-Cola Consolidated, Inc. has a 12 month low of $614.22 and a 12 month high of $1,134.49. The stock has a 50 day moving average price of $1,034.18 and a two-hundred day moving average price of $918.96.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Monday, May 6th. The company reported $17.31 EPS for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%. The company had revenue of $1.59 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Friday, July 26th. Coca-Cola Consolidated’s payout ratio is 4.12%.

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.