Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 153,487.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,757 shares of the company’s stock after purchasing an additional 417,485 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Coca-Cola Consolidated were worth $64,042,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Torren Management LLC acquired a new stake in shares of Coca-Cola Consolidated in the fourth quarter valued at approximately $29,000. Morse Asset Management Inc acquired a new stake in Coca-Cola Consolidated during the fourth quarter worth approximately $31,000. Quarry LP acquired a new stake in Coca-Cola Consolidated during the third quarter worth approximately $25,000. Advisory Services Network LLC acquired a new stake in Coca-Cola Consolidated during the third quarter worth approximately $25,000. Finally, Smartleaf Asset Management LLC boosted its position in Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $170.27 on Monday. The firm has a market cap of $11.33 billion, a PE ratio of 23.29 and a beta of 0.61. The company’s fifty day moving average is $194.68 and its two-hundred day moving average is $171.88. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. The company had revenue of $1.71 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Coca-Cola Consolidated Company 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.