Vaughan Nelson Investment Management L.P. Sells 130,550 Shares of Coca-Cola Consolidated, Inc. $COKE

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 22.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 443,615 shares of the company’s stock after selling 130,550 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.67% of Coca-Cola Consolidated worth $85,059,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COKE. Quarry LP bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth about $25,000. Advisory Services Network LLC bought a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. lifted its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company’s stock worth $26,000 after purchasing an additional 207 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Coca-Cola Consolidated during the fourth quarter worth approximately $29,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $181.54 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. The stock’s 50-day moving average is $184.14 and its 200-day moving average is $176.95. The company has a market cap of $12.08 billion, a P/E ratio of 24.83 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 52-week low of $105.97 and a 52-week high of $219.65.

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

Coca-Cola Consolidated Dividend Announcement

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

Analyst Upgrades and Downgrades

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