Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stock Position Raised by Monument Capital Management

Monument Capital Management lifted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,861 shares of the company’s stock after purchasing an additional 23 shares during the quarter. Monument Capital Management’s holdings in Coca-Cola Consolidated were worth $3,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of COKE. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $220,000. Envestnet Asset Management Inc. grew its position in shares of Coca-Cola Consolidated by 22.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,795 shares of the company’s stock valued at $3,051,000 after buying an additional 889 shares during the last quarter. Mariner LLC grew its position in shares of Coca-Cola Consolidated by 17.0% during the 3rd quarter. Mariner LLC now owns 779 shares of the company’s stock valued at $495,000 after buying an additional 113 shares during the last quarter. Gotham Asset Management LLC grew its position in shares of Coca-Cola Consolidated by 159.6% during the 3rd quarter. Gotham Asset Management LLC now owns 3,899 shares of the company’s stock valued at $2,481,000 after buying an additional 2,397 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Coca-Cola Consolidated by 8.6% in the 3rd quarter. AQR Capital Management LLC now owns 92,222 shares of the company’s stock worth $58,683,000 after purchasing an additional 7,336 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE traded down $11.75 on Wednesday, hitting $1,093.71. The stock had a trading volume of 16,140 shares, compared to its average volume of 56,163. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,134.49. 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 stock has a market cap of $10.25 billion, a price-to-earnings ratio of 22.76 and a beta of 0.78. The company’s 50-day moving average is $971.61 and its two-hundred day moving average is $899.48.

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 firm had revenue of $1.59 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.18%. The ex-dividend date was Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.12%.

Wall Street Analysts Forecast Growth

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

Coca-Cola Consolidated Company 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.