WINTON GROUP Ltd Reduces Position in Coca-Cola Consolidated, Inc. $COKE

Key Points

• WINTON GROUP Ltd trimmed its stake in Coca‑Cola Consolidated by 75.4% in Q3, selling 67,665 shares and leaving 22,117 shares valued at about $2.59 million.
• Coca‑Cola Consolidated reported quarterly EPS of $2.11 on $1.90 billion in revenue; the stock has a market cap of $13.82 billion, a P/E of 30.46, and is trading near its 12‑month high (around $207.66).
• The company pays a $0.25 quarterly dividend ($1.00 annualized, a 0.5% yield with a 14.66% payout ratio) and was reaffirmed as a Buy by Weiss Ratings.

WINTON GROUP Ltd trimmed its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 75.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,117 shares of the company's stock after selling 67,665 shares during the period. WINTON GROUP Ltd's holdings in Coca-Cola Consolidated were worth $2,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its stake in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $26,000 after acquiring an additional 207 shares in the last quarter. Root Financial Partners LLC purchased a new position in Coca-Cola Consolidated in the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its stake in Coca-Cola Consolidated by 175.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company's stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 230 shares of the company's stock worth $26,000 after purchasing an additional 207 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Coca-Cola Consolidated by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 250 shares of the company's stock worth $28,000 after purchasing an additional 225 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated currently has an average rating of "Buy".

Coca-Cola Consolidated Trading Up 0.4%

Shares of COKE stock opened at $207.66 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.97 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 $209.86. The company's 50-day moving average price is $166.27 and its 200-day moving average price is $148.28. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 30.46 and a beta of 0.60.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 earnings per share (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 during the quarter.

Coca-Cola Consolidated Dividend Announcement

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

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.

Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.