ING Groep NV Has $10.29 Million Stock Holdings in Coca-Cola Consolidated, Inc. $COKE

ING Groep NV lifted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 738.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,100 shares of the company’s stock after buying an additional 59,100 shares during the quarter. ING Groep NV’s holdings in Coca-Cola Consolidated were worth $10,286,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Coca-Cola Consolidated by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after buying an additional 341,374 shares during the last quarter. Boston Partners lifted its stake in shares of Coca-Cola Consolidated by 3.4% during the 3rd quarter. Boston Partners now owns 2,160,088 shares of the company’s stock worth $253,207,000 after buying an additional 70,212 shares during the last quarter. State Street Corp lifted its stake in shares of Coca-Cola Consolidated by 836.9% during the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after buying an additional 1,544,516 shares during the last quarter. Norges Bank acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth about $222,408,000. Finally, First Trust Advisors LP lifted its stake in shares of Coca-Cola Consolidated by 119.3% during the 3rd quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock worth $167,957,000 after buying an additional 779,915 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of Coca-Cola Consolidated stock opened at $179.91 on Monday. Coca-Cola Consolidated, Inc. has a twelve month low of $105.44 and a twelve month 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. The company has a 50-day simple moving average of $185.72 and a two-hundred day simple moving average of $175.40. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 24.61 and a beta of 0.55.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders 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 annualized dividend and a yield of 0.6%. Coca-Cola Consolidated’s payout ratio is 13.68%.

Analyst Upgrades and Downgrades

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

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.