Bank of New York Mellon Corp Buys 2,545 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Bank of New York Mellon Corp boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,812 shares of the company's stock after buying an additional 2,545 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.70% of Coca-Cola Consolidated worth $82,097,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in COKE. Wayfinding Financial LLC bought a new position in Coca-Cola Consolidated during the 1st quarter worth approximately $46,000. Transce3nd LLC acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $63,000. Fifth Third Bancorp grew its position in shares of Coca-Cola Consolidated by 40.9% during the 1st quarter. Fifth Third Bancorp now owns 62 shares of the company's stock worth $84,000 after buying an additional 18 shares during the period. Spire Wealth Management grew its position in shares of Coca-Cola Consolidated by 115.6% during the 1st quarter. Spire Wealth Management now owns 69 shares of the company's stock worth $92,000 after buying an additional 37 shares during the period. Finally, Signaturefd LLC grew its position in shares of Coca-Cola Consolidated by 36.7% during the 4th quarter. Signaturefd LLC now owns 82 shares of the company's stock worth $103,000 after buying an additional 22 shares during the period. Institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Down 1.5%

NASDAQ COKE traded down $1.70 during mid-day trading on Monday, hitting $112.25. The company's stock had a trading volume of 405,324 shares, compared to its average volume of 503,344. The company's 50 day simple moving average is $133.27 and its 200 day simple moving average is $133.95. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09. The company has a current ratio of 2.03, a quick ratio of 1.76 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 17.52 and a beta of 0.79.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.56 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 48.35% and a net margin of 8.29%. The business had revenue of $1.58 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, July 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.89%. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 15.60%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 10th.

Coca-Cola Consolidated Profile

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.