Principal Financial Group Inc. Has $17.97 Million Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Principal Financial Group Inc. decreased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 21.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,653 shares of the company's stock after selling 3,651 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of Coca-Cola Consolidated worth $17,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Forum Financial Management LP bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth approximately $228,000. Van ECK Associates Corp increased its holdings in shares of Coca-Cola Consolidated by 40.0% in the third quarter. Van ECK Associates Corp now owns 3,014 shares of the company's stock valued at $3,839,000 after buying an additional 861 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Coca-Cola Consolidated by 1.4% during the third quarter. Janney Montgomery Scott LLC now owns 2,046 shares of the company's stock valued at $2,693,000 after purchasing an additional 29 shares during the last quarter. James Investment Research Inc. boosted its holdings in shares of Coca-Cola Consolidated by 40.3% in the third quarter. James Investment Research Inc. now owns 1,355 shares of the company's stock worth $1,784,000 after buying an additional 389 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Coca-Cola Consolidated by 1,590.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 186 shares of the company's stock valued at $245,000 after acquiring an additional 175 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 0.4 %

Coca-Cola Consolidated stock traded down $4.51 during trading hours on Friday, hitting $1,210.70. The company had a trading volume of 43,607 shares, compared to its average volume of 51,896. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated, Inc. has a fifty-two week low of $688.50 and a fifty-two week high of $1,376.84. The firm's fifty day moving average is $1,258.58 and its 200-day moving average is $1,154.11. The firm has a market capitalization of $10.61 billion, a P/E ratio of 21.07 and a beta of 0.85.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. The company had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, October 25th. This is a positive change from Coca-Cola Consolidated's previous quarterly dividend of $0.25. Coca-Cola Consolidated's payout ratio is currently 17.40%.

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.