AQR Capital Management LLC Increases Holdings in Coca-Cola Consolidated, Inc. $COKE

Key Points

• AQR Capital Management LLC increased its stake in Coca-Cola Consolidated, acquiring an additional 12,066 shares, raising its total ownership to approximately 86,516 shares worth $114.2 million.
• Other institutional investors also significantly boosted their positions in Coca-Cola Consolidated, with Boston Partners increasing its stake by 676.9% and GAMMA Investing LLC by 175,140.4%.
• The company recently announced a quarterly dividend of $0.25 per share, representing an annualized payment of $1.00 and a dividend yield of 0.8%.

AQR Capital Management LLC raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 16.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,516 shares of the company's stock after buying an additional 12,066 shares during the period. AQR Capital Management LLC owned about 0.99% of Coca-Cola Consolidated worth $114,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC raised its stake in Coca-Cola Consolidated by 3.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company's stock worth $358,000 after buying an additional 9 shares during the period. Sunbelt Securities Inc. raised its stake in Coca-Cola Consolidated by 10.8% during the 4th quarter. Sunbelt Securities Inc. now owns 103 shares of the company's stock worth $128,000 after buying an additional 10 shares during the period. State of Alaska Department of Revenue raised its stake in Coca-Cola Consolidated by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company's stock worth $5,363,000 after buying an additional 10 shares during the period. HBK Sorce Advisory LLC raised its stake in Coca-Cola Consolidated by 2.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 357 shares of the company's stock worth $481,000 after buying an additional 10 shares during the period. Finally, Monument Capital Management raised its stake in shares of Coca-Cola Consolidated by 0.3% in the first quarter. Monument Capital Management now owns 3,955 shares of the company's stock worth $5,339,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Trading Up 1.4%

Shares of NASDAQ COKE traded up $1.69 during midday trading on Monday, reaching $122.50. The company had a trading volume of 505,230 shares, compared to its average volume of 556,601. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $146.09. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm's fifty day moving average price is $115.39 and its 200-day moving average price is $128.55. The stock has a market cap of $10.64 billion, a PE ratio of 18.28 and a beta of 0.76.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.The company had revenue of $1.86 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, July 25th. Coca-Cola Consolidated's payout ratio is 14.93%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.