Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,588 shares of the company's stock after selling 931 shares during the quarter. Federated Hermes Inc. owned approximately 0.19% of Coca-Cola Consolidated worth $16,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Coca-Cola Consolidated by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 580,785 shares of the company's stock valued at $369,565,000 after purchasing an additional 19,877 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Coca-Cola Consolidated by 3.8% in the 3rd quarter. American Century Companies Inc. now owns 44,460 shares of the company's stock valued at $28,291,000 after purchasing an additional 1,628 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Coca-Cola Consolidated by 36.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,173 shares of the company's stock valued at $747,000 after purchasing an additional 311 shares in the last quarter. Invesco Ltd. grew its position in shares of Coca-Cola Consolidated by 4.6% in the 3rd quarter. Invesco Ltd. now owns 114,973 shares of the company's stock valued at $73,160,000 after buying an additional 5,084 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Coca-Cola Consolidated by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company's stock valued at $47,000 after buying an additional 37 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE traded up $0.36 during midday trading on Tuesday, hitting $831.01. The stock had a trading volume of 23,591 shares, compared to its average volume of 45,378. The company has a market capitalization of $7.79 billion, a PE ratio of 19.07 and a beta of 0.74. The stock has a 50 day moving average price of $833.69 and a two-hundred day moving average price of $802.38. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. Coca-Cola Consolidated, Inc. has a 1 year low of $552.36 and a 1 year high of $961.91.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, April 25th. Coca-Cola Consolidated's dividend payout ratio (DPR) is 4.60%.

Analyst Ratings Changes

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

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.