Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. reduced its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,636 shares of the company's stock after selling 5,769 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.45% of Coca-Cola Consolidated worth $49,940,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in COKE. V Square Quantitative Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the third quarter worth about $37,000. E Fund Management Hong Kong Co. Ltd. grew its position in 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 buying an additional 34 shares during the period. UMB Bank n.a. raised its holdings in Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company's stock worth $58,000 after purchasing an additional 13 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $72,000. Finally, Sound Income Strategies LLC grew its position in shares of Coca-Cola Consolidated by 143.3% in the fourth quarter. Sound Income Strategies LLC now owns 73 shares of the company's stock valued at $92,000 after purchasing an additional 43 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE traded up $9.87 during trading on Wednesday, reaching $1,425.27. The company had a trading volume of 26,873 shares, compared to its average volume of 39,120. The stock has a market capitalization of $12.49 billion, a PE ratio of 24.80 and a beta of 0.89. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average price of $1,301.84 and a two-hundred day moving average price of $1,280.20. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,438.50.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated's payout ratio is 17.40%.

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.