Los Angeles Capital Management LLC Sells 1,020 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Los Angeles Capital Management LLC reduced its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 30.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,344 shares of the company's stock after selling 1,020 shares during the period. Los Angeles Capital Management LLC's holdings in Coca-Cola Consolidated were worth $2,176,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $38,000. CWM LLC increased its holdings in Coca-Cola Consolidated by 22.2% in the fourth quarter. CWM LLC now owns 66 shares of the company's stock valued at $61,000 after buying an additional 12 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Coca-Cola Consolidated by 163.0% during the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company's stock valued at $45,000 after acquiring an additional 44 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Coca-Cola Consolidated by 100.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company's stock valued at $47,000 after acquiring an additional 37 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $122,000. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Trading Up 17.7 %

COKE traded up $151.43 on Tuesday, reaching $1,009.31. 202,267 shares of the company's stock were exchanged, compared to its average volume of 46,647. The company's 50 day moving average is $832.65 and its 200-day moving average is $816.43. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 22.89 and a beta of 0.73. Coca-Cola Consolidated, Inc. has a twelve month low of $614.22 and a twelve month high of $1,030.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.56.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly 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 business had revenue of $1.63 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Thursday, April 25th. Coca-Cola Consolidated's payout ratio is 4.60%.

Analyst Ratings Changes

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

Coca-Cola Consolidated Company 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.