Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 150.0% during the first quarter, Holdings Channel.com reports. The firm owned 5,000 shares of the company’s stock after buying an additional 3,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Coca-Cola Consolidated were worth $4,232,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at $188,138,000. International Assets Investment Management LLC purchased a new position in Coca-Cola Consolidated in the fourth quarter valued at about $174,971,000. Vaughan Nelson Investment Management L.P. bought a new position in Coca-Cola Consolidated in the fourth quarter worth about $40,449,000. Hennessy Advisors Inc. purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter valued at about $30,318,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after buying an additional 30,443 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $1,104.02 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The firm has a market cap of $10.34 billion, a PE ratio of 22.74 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 fifty day moving average price of $1,034.18 and a 200-day moving average price of $918.96.

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

Coca-Cola Consolidated Announces Dividend

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

Insider Buying and Selling

In other 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 value of $553,722,575.00. Following the sale, the insider now directly owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research note 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.