Coca-Cola Consolidated, Inc. $COKE Shares Acquired by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management raised its stake in Coca‑Cola Consolidated by 6.8% to 574,165 shares (0.67% ownership), valued at about $88.0 million at quarter-end.
• Other institutions also increased exposure—most notably Norges Bank opened a new ~$280.7 million position and State Street boosted holdings by 836.9%—leaving institutional investors with 48.24% ownership.
• Coca‑Cola Consolidated shares traded at $185.79 (up 2.5%) with a $12.37 billion market cap; latest quarter showed EPS $2.11 on $1.90 billion revenue, and a quarterly dividend of $0.25 (annual $1.00, yield 0.5%).

Vaughan Nelson Investment Management L.P. boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 574,165 shares of the company's stock after acquiring an additional 36,525 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.67% of Coca-Cola Consolidated worth $88,019,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Coca-Cola Consolidated in the second quarter worth $280,669,000. Boston Partners raised its stake in shares of Coca-Cola Consolidated by 3.4% during the third quarter. Boston Partners now owns 2,160,088 shares of the company's stock valued at $253,207,000 after purchasing an additional 70,212 shares in the last quarter. State Street Corp lifted its holdings in Coca-Cola Consolidated by 836.9% in the second quarter. State Street Corp now owns 1,729,065 shares of the company's stock worth $193,050,000 after purchasing an additional 1,544,516 shares during the period. First Trust Advisors LP grew its position in Coca-Cola Consolidated by 119.3% in the 3rd quarter. First Trust Advisors LP now owns 1,433,570 shares of the company's stock valued at $167,957,000 after buying an additional 779,915 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Coca-Cola Consolidated by 15.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,369,718 shares of the company's stock valued at $160,476,000 after buying an additional 183,781 shares in the last quarter. Institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Trading Up 2.5%

Shares of Coca-Cola Consolidated stock opened at $185.79 on Tuesday. The business has a fifty day simple moving average of $180.10 and a 200-day simple moving average of $156.26. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $219.65. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 27.25 and a beta of 0.60. The company has a quick ratio of 0.97, a current ratio of 1.26 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%. The firm had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated's dividend payout ratio is currently 14.66%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Coca-Cola Consolidated in a research report on Friday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated currently has a consensus rating of "Buy".

About Coca-Cola Consolidated

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.

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