Coca-Cola Consolidated, Inc. $COKE Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,935 shares of the company’s stock after selling 4,558 shares during the period. Truist Financial Corp owned about 0.33% of Coca-Cola Consolidated worth $33,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $26,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Coca-Cola Consolidated by 900.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Coca-Cola Consolidated by 25,200.0% during the 3rd quarter. True Wealth Design LLC now owns 253 shares of the company’s stock worth $30,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Down 0.1%

Shares of NASDAQ:COKE opened at $149.30 on Friday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $169.49. The firm’s 50 day moving average price is $157.60 and its 200 day moving average price is $135.35. The company has a quick ratio of 1.79, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 21.26 and a beta of 0.65.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be paid a $0.25 dividend. The ex-dividend date is Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.25%.

Coca-Cola Consolidated Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.