Dimensional Fund Advisors LP Sells 10,712 Shares of Coca-Cola Consolidated, Inc. $COKE

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Coca-Cola Consolidated, owning 105,744 shares valued at approximately $142.73 million after a 9.2% decrease in the first quarter.
• Several institutional investors have adjusted their holdings, with notable increases from Linden Thomas Advisory Services LLC by 3.5% and Sunbelt Securities Inc. by 10.8% in recent quarters.
• Coca-Cola Consolidated reported $2.24 earnings per share for the quarter, with a net margin of 8.43% and an annualized dividend of $1.00 at a yield of 0.8%.

Dimensional Fund Advisors LP lowered its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 9.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,744 shares of the company's stock after selling 10,712 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.21% of Coca-Cola Consolidated worth $142,729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its stake in Coca-Cola Consolidated by 1.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 952 shares of the company's stock valued at $1,285,000 after purchasing an additional 18 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Coca-Cola Consolidated during the 1st quarter valued at about $21,557,000. Boston Partners increased its holdings in shares of Coca-Cola Consolidated by 676.9% during the 1st quarter. Boston Partners now owns 200,518 shares of the company's stock valued at $270,711,000 after acquiring an additional 174,709 shares during the last quarter. Prudential PLC acquired a new position in shares of Coca-Cola Consolidated during the 1st quarter valued at about $757,000. Finally, Resona Asset Management Co. Ltd. increased its holdings in shares of Coca-Cola Consolidated by 2.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 455 shares of the company's stock valued at $614,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Performance

COKE traded down $1.9950 during midday trading on Monday, reaching $117.2350. The company's stock had a trading volume of 179,923 shares, compared to its average volume of 561,504. The company has a fifty day simple moving average of $113.30 and a 200 day simple moving average of $130.34. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09. The stock has a market cap of $10.19 billion, a P/E ratio of 17.49 and a beta of 0.81.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.24 EPS 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a $0.25 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Coca-Cola Consolidated's dividend payout ratio (DPR) is currently 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 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.