Marathon Asset Management Ltd Sells 4,751 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Marathon Asset Management Ltd cut its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 29.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,545 shares of the company's stock after selling 4,751 shares during the period. Marathon Asset Management Ltd owned 0.13% of Coca-Cola Consolidated worth $14,544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. James Investment Research Inc. lifted its holdings in Coca-Cola Consolidated by 34.7% in the fourth quarter. James Investment Research Inc. now owns 1,825 shares of the company's stock worth $2,299,000 after buying an additional 470 shares during the period. JPMorgan Chase & Co. lifted its holdings in Coca-Cola Consolidated by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company's stock worth $25,239,000 after buying an additional 1,453 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 8.7% during the third quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company's stock valued at $7,818,000 after purchasing an additional 474 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Coca-Cola Consolidated by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 247 shares of the company's stock valued at $311,000 after purchasing an additional 12 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Coca-Cola Consolidated during the third quarter valued at approximately $1,022,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 1.6 %

Shares of COKE stock traded up $20.97 during trading hours on Wednesday, hitting $1,356.34. 57,635 shares of the company's stock traded hands, compared to its average volume of 42,289. The stock's fifty day simple moving average is $1,343.68 and its two-hundred day simple moving average is $1,297.41. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,460.92. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 19.42 and a beta of 0.89. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

Shares of Coca-Cola Consolidated are going to split before the market opens on Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly minted shares will be distributed to shareholders after the market closes on Friday, May 23rd.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. The company had revenue of $1.75 billion during the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated's dividend payout ratio (DPR) is currently 14.32%.

About Coca-Cola Consolidated

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.