Warther Private Wealth LLC Cuts Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Warther Private Wealth LLC lowered its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 24.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 427 shares of the company’s stock after selling 135 shares during the period. Warther Private Wealth LLC’s holdings in Coca-Cola Consolidated were worth $562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC grew its stake in Coca-Cola Consolidated by 1,308.6% in the second quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after purchasing an additional 160,521 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Coca-Cola Consolidated by 74,390.2% during the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after buying an additional 152,500 shares during the last quarter. Wallace Capital Management Inc. acquired a new position in shares of Coca-Cola Consolidated in the 2nd quarter worth approximately $90,404,000. Vaughan Nelson Investment Management L.P. lifted its stake in Coca-Cola Consolidated by 88.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after purchasing an additional 52,491 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after purchasing an additional 30,443 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 0.8 %

Shares of NASDAQ:COKE opened at $1,263.76 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. The company’s 50-day moving average price is $1,298.88 and its 200 day moving average price is $1,112.36. The company has a market cap of $11.85 billion, a PE ratio of 26.02 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a fifty-two week low of $628.00 and a fifty-two week high of $1,376.84.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. The company had revenue of $1.80 billion for 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 firm also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be given a $2.50 dividend. This is a positive change from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date is Friday, October 25th. Coca-Cola Consolidated’s payout ratio is 20.59%.

Coca-Cola Consolidated 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.