Allspring Global Investments Holdings LLC Sells 5,323 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Allspring Global Investments Holdings LLC cut its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 26.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,526 shares of the company's stock after selling 5,323 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.16% of Coca-Cola Consolidated worth $13,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of COKE. AMI Investment Management Inc. purchased a new stake in Coca-Cola Consolidated during the 1st quarter worth approximately $204,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Coca-Cola Consolidated by 19.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 434 shares of the company's stock valued at $216,000 after acquiring an additional 70 shares during the last quarter. US Bancorp DE raised its position in shares of Coca-Cola Consolidated by 15.9% during the 1st quarter. US Bancorp DE now owns 867 shares of the company's stock valued at $430,000 after acquiring an additional 119 shares in the last quarter. Citigroup Inc. raised its position in shares of Coca-Cola Consolidated by 6.2% during the 1st quarter. Citigroup Inc. now owns 4,654 shares of the company's stock valued at $2,312,000 after acquiring an additional 271 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Coca-Cola Consolidated by 1.2% during the 1st quarter. Bank of Montreal Can now owns 1,665 shares of the company's stock valued at $825,000 after acquiring an additional 20 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Coca-Cola Consolidated from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 23rd.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock traded up $0.24 on Tuesday, hitting $812.87. 29,306 shares of the stock traded hands, compared to its average volume of 46,239. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. The company has a market capitalization of $7.62 billion, a PE ratio of 18.70 and a beta of 0.74. Coca-Cola Consolidated, Inc. has a 1-year low of $529.68 and a 1-year high of $961.91. The company's fifty day moving average is $838.13 and its 200 day moving average is $797.36.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. The business had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%.

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.