Russell Investments Group Ltd. Sells 1,026 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Russell Investments Group Ltd. trimmed its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,784 shares of the company's stock after selling 1,026 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of Coca-Cola Consolidated worth $10,020,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Coca-Cola Consolidated by 3.5% in the third quarter. Vanguard Group Inc. now owns 580,785 shares of the company's stock worth $369,565,000 after purchasing an additional 19,877 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Coca-Cola Consolidated in the fourth quarter worth approximately $174,971,000. Invesco Ltd. lifted its position in shares of Coca-Cola Consolidated by 4.6% in the third quarter. Invesco Ltd. now owns 114,973 shares of the company's stock worth $73,160,000 after purchasing an additional 5,084 shares in the last quarter. AQR Capital Management LLC lifted its position 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position 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 in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Stock Up 0.5 %

COKE traded up $4.48 during midday trading on Monday, hitting $857.88. 40,927 shares of the company's stock traded hands, compared to its average volume of 44,831. The company has a market cap of $8.04 billion, a PE ratio of 19.63 and a beta of 0.73. The stock's fifty day simple moving average is $832.46 and its 200-day simple moving average is $814.79. 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 one year low of $614.22 and a one year high of $961.91.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data 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 Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, April 25th. Coca-Cola Consolidated's dividend payout ratio is 4.60%.

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.