Coca-Cola Consolidated, Inc. $COKE Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd lessened its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,068 shares of the company’s stock after selling 5,642 shares during the quarter. Marathon Asset Management Ltd owned about 0.07% of Coca-Cola Consolidated worth $8,902,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in COKE. Quarry LP acquired a new position in shares of Coca-Cola Consolidated in the third quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Coca-Cola Consolidated in the third quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new position in shares of Coca-Cola Consolidated in the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Coca-Cola Consolidated by 175.0% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its holdings 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. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 0.7%

Coca-Cola Consolidated stock opened at $173.36 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.91. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $219.65. The company has a market cap of $11.54 billion, a PE ratio of 23.72 and a beta of 0.61. The stock’s 50 day moving average price is $193.44 and its 200 day moving average price is $172.51.

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

Coca-Cola Consolidated Dividend Announcement

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

Analysts Set New Price Targets

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