SG Americas Securities LLC Has $5.46 Million Stock Position in Coca-Cola Consolidated, Inc. $COKE

SG Americas Securities LLC lowered its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 79.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 28,501 shares of the company’s stock after selling 113,388 shares during the period. SG Americas Securities LLC’s holdings in Coca-Cola Consolidated were worth $5,465,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Coca-Cola Consolidated by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock worth $23,289,000 after purchasing an additional 1,385 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Coca-Cola Consolidated by 1,587.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the period. Baird Financial Group Inc. lifted its holdings in Coca-Cola Consolidated by 795.4% during the 2nd quarter. Baird Financial Group Inc. now owns 9,966 shares of the company’s stock worth $1,113,000 after buying an additional 8,853 shares during the period. Marshall Wace LLP grew its position in shares of Coca-Cola Consolidated by 5,152.8% in the 2nd quarter. Marshall Wace LLP now owns 18,910 shares of the company’s stock valued at $2,111,000 after buying an additional 18,550 shares during the last quarter. Finally, Cresset Asset Management LLC increased its stake in shares of Coca-Cola Consolidated by 169.0% in the second quarter. Cresset Asset Management LLC now owns 4,589 shares of the company’s stock valued at $512,000 after buying an additional 2,883 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $188.03 on Monday. Coca-Cola Consolidated, Inc. has a 52 week low of $109.42 and a 52 week high of $219.65. 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 firm’s fifty day moving average is $182.46 and its 200-day moving average is $177.52. The firm has a market cap of $12.52 billion, a P/E ratio of 25.72 and a beta of 0.55.

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

Coca-Cola Consolidated Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock 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.