EMC Capital Management Decreases Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

EMC Capital Management lowered its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 90.0% during the 4th quarter, HoldingsChannel reports. The firm owned 521 shares of the company’s stock after selling 4,672 shares during the period. Coca-Cola Consolidated comprises 0.4% of EMC Capital Management’s holdings, making the stock its 20th largest position. EMC Capital Management’s holdings in Coca-Cola Consolidated were worth $656,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in COKE. International Assets Investment Management LLC boosted its stake in shares of Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after buying an additional 152,500 shares during the last quarter. State Street Corp boosted its position in Coca-Cola Consolidated by 18.4% in the third quarter. State Street Corp now owns 172,409 shares of the company’s stock worth $226,959,000 after purchasing an additional 26,752 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock valued at $163,868,000 after purchasing an additional 17,408 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Coca-Cola Consolidated by 151.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock valued at $27,113,000 after purchasing an additional 12,393 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Coca-Cola Consolidated by 133.5% in the 3rd quarter. Franklin Resources Inc. now owns 9,480 shares of the company’s stock worth $12,339,000 after purchasing an additional 5,420 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

COKE opened at $1,360.97 on Thursday. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,438.50. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 23.63 and a beta of 0.89. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The company’s 50 day moving average is $1,284.73 and its 200 day moving average is $1,259.96.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The business had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 17.40%.

About Coca-Cola Consolidated

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.