Vaughan Nelson Investment Management L.P. Sells 66,751 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Vaughan Nelson Investment Management L.P. trimmed its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 59.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,405 shares of the company's stock after selling 66,751 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.52% of Coca-Cola Consolidated worth $59,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $37,000. EntryPoint Capital LLC acquired a new stake in Coca-Cola Consolidated in the 1st quarter worth approximately $30,000. UMB Bank n.a. lifted its holdings in Coca-Cola Consolidated by 41.9% in the 3rd 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. Strategic Investment Solutions Inc. IL acquired a new stake in Coca-Cola Consolidated in the 2nd quarter worth approximately $62,000. Finally, GAMMA Investing LLC lifted its holdings in Coca-Cola Consolidated by 137.0% in the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company's stock worth $69,000 after purchasing an additional 37 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

COKE traded down $4.51 on Friday, hitting $1,210.70. The company had a trading volume of 43,615 shares, compared to its average volume of 42,141. The company's fifty day moving average price is $1,258.58 and its 200 day moving average price is $1,156.40. Coca-Cola Consolidated, Inc. has a 1-year low of $688.50 and a 1-year high of $1,376.84. 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 stock has a market cap of $10.61 billion, a price-to-earnings ratio of 21.07 and a beta of 0.85.

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

Coca-Cola Consolidated Increases Dividend

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