Allspring Global Investments Holdings LLC Reduces Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Allspring Global Investments Holdings LLC lowered its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 57.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,823 shares of the company's stock after selling 11,773 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.10% of Coca-Cola Consolidated worth $11,293,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of COKE. State Street Corp boosted its position in shares of Coca-Cola Consolidated by 18.4% during the third quarter. State Street Corp now owns 172,409 shares of the company's stock worth $226,959,000 after buying an additional 26,752 shares during the period. International Assets Investment Management LLC boosted its holdings in Coca-Cola Consolidated by 74,390.2% during the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock valued at $201,021,000 after acquiring an additional 152,500 shares during the period. Geode Capital Management LLC grew its position in Coca-Cola Consolidated by 16.3% in the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company's stock valued at $163,868,000 after acquiring an additional 17,408 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Coca-Cola Consolidated by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company's stock worth $25,239,000 after purchasing an additional 1,453 shares during the period. Finally, Natixis Advisors LLC increased its stake in Coca-Cola Consolidated by 1.6% during the third quarter. Natixis Advisors LLC now owns 15,792 shares of the company's stock worth $20,788,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Up 2.9 %

COKE traded up $40.19 during trading hours on Thursday, hitting $1,449.91. 21,389 shares of the company's stock were exchanged, compared to its average volume of 38,236. The firm has a market cap of $12.70 billion, a P/E ratio of 25.16 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,460.92. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average of $1,314.88 and a 200 day moving average of $1,288.38.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated's payout ratio is currently 17.40%.

Coca-Cola Consolidated 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.