Boston Partners Purchases 169,555 Shares of Coca-Cola Consolidated, Inc. $COKE

Boston Partners lifted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,329,643 shares of the company’s stock after buying an additional 169,555 shares during the period. Boston Partners’ holdings in Coca-Cola Consolidated were worth $357,091,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in COKE. Wells Fargo & Company MN grew its stake in Coca-Cola Consolidated by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 48,744 shares of the company’s stock valued at $7,473,000 after acquiring an additional 2,972 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Coca-Cola Consolidated in the fourth quarter valued at about $5,038,000. ROI Financial Advisors LLC grew its stake in Coca-Cola Consolidated by 2.1% in the fourth quarter. ROI Financial Advisors LLC now owns 10,392 shares of the company’s stock valued at $1,593,000 after acquiring an additional 209 shares during the period. Quadrant Capital Group LLC grew its stake in Coca-Cola Consolidated by 5.3% in the fourth quarter. Quadrant Capital Group LLC now owns 3,828 shares of the company’s stock valued at $587,000 after acquiring an additional 193 shares during the period. Finally, Elevation Wealth Management LLC acquired a new position in Coca-Cola Consolidated in the fourth quarter valued at about $204,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 0.9%

NASDAQ:COKE opened at $187.89 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. The company has a market cap of $12.51 billion, a PE ratio of 25.70 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 52-week low of $105.44 and a 52-week high of $219.65. The stock has a 50-day simple moving average of $185.50 and a 200 day simple moving average of $176.12.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Profile

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.