Wellington Management Group LLP Invests $6.10 Million in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Wellington Management Group LLP bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,573 shares of the company's stock, valued at approximately $6,102,000. Wellington Management Group LLP owned approximately 0.07% of Coca-Cola Consolidated at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth about $31,000. CWM LLC boosted its holdings in Coca-Cola Consolidated by 22.2% during the fourth quarter. CWM LLC now owns 66 shares of the company's stock worth $61,000 after purchasing an additional 12 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Coca-Cola Consolidated by 100.0% during the third quarter. Sunbelt Securities Inc. now owns 74 shares of the company's stock worth $47,000 after purchasing an additional 37 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new position in Coca-Cola Consolidated during the fourth quarter worth about $93,000. Finally, Principal Securities Inc. purchased a new position in Coca-Cola Consolidated during the fourth quarter worth about $97,000. 48.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 23rd.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE traded up $14.12 during midday trading on Friday, hitting $1,085.00. The company's stock had a trading volume of 680,607 shares, compared to its average volume of 60,943. The stock has a fifty day moving average price of $960.53 and a 200 day moving average price of $895.68. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,090.34. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 22.34 and a beta of 0.74.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results on Monday, May 6th. The company reported $17.31 earnings per share for the quarter. The business had revenue of $1.59 billion for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Thursday, April 25th. Coca-Cola Consolidated's payout ratio is 4.12%.

Coca-Cola Consolidated Company 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.