Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 33.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,310 shares of the company's stock after purchasing an additional 2,821 shares during the quarter. Victory Capital Management Inc. owned about 0.13% of Coca-Cola Consolidated worth $15,268,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of COKE. Larson Financial Group LLC raised its position in shares of Coca-Cola Consolidated by 26.7% during the 1st quarter. Larson Financial Group LLC now owns 356 shares of the company's stock worth $481,000 after buying an additional 75 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Coca-Cola Consolidated by 10.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 164 shares of the company's stock worth $221,000 after buying an additional 16 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth about $3,638,000. CWM LLC raised its position in shares of Coca-Cola Consolidated by 309.4% during the 1st quarter. CWM LLC now owns 782 shares of the company's stock worth $1,056,000 after buying an additional 591 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Coca-Cola Consolidated by 6.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 1,700 shares of the company's stock worth $2,295,000 after buying an additional 100 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a research note on Saturday.

Coca-Cola Consolidated Price Performance

Shares of COKE traded up $6.99 during mid-day trading on Friday, hitting $118.80. The company's stock had a trading volume of 1,479,309 shares, compared to its average volume of 649,636. The firm has a 50-day moving average price of $132.69 and a 200 day moving average price of $132.91. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 17.73 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.03 and a quick ratio of 1.76. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.21 and a fifty-two week high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.24 earnings per share (EPS) for the quarter. The company had revenue of $1.86 billion for the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 46.75%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, July 25th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Coca-Cola Consolidated's dividend payout ratio is currently 15.60%.

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.