Allspring Global Investments Holdings LLC Buys 12,393 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Allspring Global Investments Holdings LLC grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 151.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,596 shares of the company's stock after purchasing an additional 12,393 shares during the period. Allspring Global Investments Holdings LLC owned about 0.22% of Coca-Cola Consolidated worth $27,113,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of Coca-Cola Consolidated by 27.7% during the 1st quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company's stock valued at $5,388,000 after acquiring an additional 1,380 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Coca-Cola Consolidated in the 1st quarter valued at approximately $587,000. Swiss National Bank grew its holdings in Coca-Cola Consolidated by 9.1% in the 1st quarter. Swiss National Bank now owns 10,765 shares of the company's stock valued at $9,112,000 after buying an additional 900 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Coca-Cola Consolidated by 13.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,982 shares of the company's stock worth $4,217,000 after acquiring an additional 583 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of Coca-Cola Consolidated by 3.0% in the 1st quarter. Lazard Asset Management LLC now owns 15,571 shares of the company's stock worth $13,179,000 after acquiring an additional 452 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock traded down $9.98 during mid-day trading on Thursday, reaching $1,263.76. The stock had a trading volume of 31,147 shares, compared to its average volume of 52,439. The firm's 50 day simple moving average is $1,298.88 and its 200 day simple moving average is $1,112.36. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. Coca-Cola Consolidated, Inc. has a one year low of $628.00 and a one year high of $1,376.84. The firm has a market cap of $11.85 billion, a PE ratio of 26.02 and a beta of 0.82.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $20.71 EPS for the quarter. The company had revenue of $1.80 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%.

Coca-Cola Consolidated Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be given a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, October 25th. This is an increase from Coca-Cola Consolidated's previous dividend of $0.25. Coca-Cola Consolidated's dividend payout ratio (DPR) is 20.59%.

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.