Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 15.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,740 shares of the company's stock after selling 500 shares during the quarter. New York State Common Retirement Fund's holdings in Coca-Cola Consolidated were worth $3,452,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new stake in Coca-Cola Consolidated in the fourth quarter valued at $29,000. Allworth Financial LP raised its stake in shares of Coca-Cola Consolidated by 260.0% during the fourth quarter. Allworth Financial LP now owns 36 shares of the company's stock worth $48,000 after purchasing an additional 26 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Coca-Cola Consolidated by 1,133.3% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company's stock worth $47,000 after purchasing an additional 34 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in Coca-Cola Consolidated in the 4th quarter valued at $52,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Coca-Cola Consolidated in the 3rd quarter valued at $72,000. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE traded down $51.20 on Tuesday, hitting $1,355.95. 37,574 shares of the company's stock were exchanged, compared to its average volume of 41,196. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm's 50-day moving average price is $1,341.10 and its two-hundred day moving average price is $1,296.89. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 19.34 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a fifty-two week low of $800.76 and a fifty-two week high of $1,460.92.

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

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 issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.74%. Coca-Cola Consolidated's payout ratio 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.