Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by LSV Asset Management

LSV Asset Management raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,178 shares of the company's stock after acquiring an additional 4,990 shares during the period. LSV Asset Management owned about 0.57% of Coca-Cola Consolidated worth $49,370,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Coca-Cola Consolidated by 3.5% during the third quarter. Vanguard Group Inc. now owns 580,785 shares of the company's stock valued at $369,565,000 after buying an additional 19,877 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Coca-Cola Consolidated in the fourth quarter valued at approximately $174,971,000. Invesco Ltd. boosted its stake in shares of Coca-Cola Consolidated by 4.6% during the third quarter. Invesco Ltd. now owns 114,973 shares of the company's stock valued at $73,160,000 after purchasing an additional 5,084 shares during the period. AQR Capital Management LLC grew its holdings in shares of Coca-Cola Consolidated by 8.6% in the third quarter. AQR Capital Management LLC now owns 92,222 shares of the company's stock worth $58,683,000 after purchasing an additional 7,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Coca-Cola Consolidated by 29.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 70,685 shares of the company's stock worth $44,978,000 after purchasing an additional 15,957 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Trading Up 1.5 %

NASDAQ:COKE traded up $12.37 during mid-day trading on Friday, reaching $853.40. 42,672 shares of the company's stock traded hands, compared to its average volume of 36,577. The company has a 50 day moving average price of $832.46 and a 200-day moving average price of $814.79. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 19.63 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. Coca-Cola Consolidated, Inc. has a 12-month low of $610.47 and a 12-month high of $961.91.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Thursday, April 25th. Coca-Cola Consolidated's dividend payout ratio is currently 4.60%.

Wall Street Analysts Forecast Growth

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.

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.