Cubist Systematic Strategies LLC Has $555,000 Position in Coca-Cola Consolidated, Inc. $COKE

Key Points

• Cubist Systematic Strategies LLC significantly reduced its position in Coca-Cola Consolidated, lowering its holdings by 95.4% to just 411 shares, worth around $555,000.
• Coca-Cola Consolidated received an upgraded rating from Wall Street Zen, moving from a "hold" to a "buy" rating as of late July.
• The company reported $2.24 earnings per share and $1.86 billion in revenue in its latest quarterly results, demonstrating strong financial performance.

Cubist Systematic Strategies LLC lowered its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 95.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411 shares of the company's stock after selling 8,450 shares during the period. Cubist Systematic Strategies LLC's holdings in Coca-Cola Consolidated were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Linden Thomas Advisory Services LLC raised its stake in shares of Coca-Cola Consolidated by 3.5% during the first 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 last quarter. Sunbelt Securities Inc. boosted its position 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 acquiring an additional 10 shares during the last quarter. State of Alaska Department of Revenue boosted its position 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 acquiring an additional 10 shares during the last quarter. HBK Sorce Advisory LLC boosted its position 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 acquiring an additional 10 shares during the last quarter. Finally, Monument Capital Management boosted its holdings in shares of Coca-Cola Consolidated by 0.3% in the 1st quarter. Monument Capital Management now owns 3,955 shares of the company's stock valued at $5,339,000 after buying an additional 10 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $121.38 on Thursday. The stock has a market cap of $10.55 billion, a PE ratio of 18.11 and a beta of 0.76. 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 business's 50-day moving average price is $115.64 and its two-hundred day moving average price is $128.46. Coca-Cola Consolidated, Inc. has a 12-month low of $105.21 and a 12-month high of $146.09.

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

Coca-Cola Consolidated Dividend Announcement

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

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.

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