Coca-Cola Consolidated, Inc. $COKE Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 62.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,784 shares of the company’s stock after selling 4,551 shares during the quarter. Savant Capital LLC’s holdings in Coca-Cola Consolidated were worth $427,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in shares of Coca-Cola Consolidated by 16.0% during the third quarter. Fifth Third Bancorp now owns 528 shares of the company’s stock valued at $62,000 after acquiring an additional 73 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Coca-Cola Consolidated by 2.3% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,021 shares of the company’s stock worth $616,000 after buying an additional 89 shares during the period. Private Advisor Group LLC increased its holdings in Coca-Cola Consolidated by 2.2% in the 3rd quarter. Private Advisor Group LLC now owns 4,297 shares of the company’s stock worth $503,000 after buying an additional 94 shares during the period. Foundations Investment Advisors LLC increased its holdings in Coca-Cola Consolidated by 4.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 2,406 shares of the company’s stock worth $369,000 after buying an additional 97 shares during the period. Finally, Alliance Wealth Management Group increased its holdings in Coca-Cola Consolidated by 1.2% in the 4th quarter. Alliance Wealth Management Group now owns 8,589 shares of the company’s stock worth $1,317,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

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

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $170.27 on Friday. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $219.65. The company’s 50 day moving average is $185.85 and its 200 day moving average is $175.25. The company has a current ratio of 1.23, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a market cap of $11.33 billion, a PE ratio of 23.29 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%. The company had revenue of $1.71 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.68%.

About Coca-Cola Consolidated

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.