Swiss National Bank Has $9.16 Million Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Swiss National Bank trimmed its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,865 shares of the company's stock after selling 1,200 shares during the quarter. Swiss National Bank owned 0.11% of Coca-Cola Consolidated worth $9,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. purchased a new stake in shares of Coca-Cola Consolidated during the third quarter worth $38,000. CWM LLC raised its position in Coca-Cola Consolidated by 22.2% in the 4th quarter. CWM LLC now owns 66 shares of the company's stock valued at $61,000 after purchasing an additional 12 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Coca-Cola Consolidated by 163.0% in the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company's stock valued at $45,000 after buying an additional 44 shares during the period. Sunbelt Securities Inc. grew its position in shares of Coca-Cola Consolidated by 100.0% during the third quarter. Sunbelt Securities Inc. now owns 74 shares of the company's stock worth $47,000 after buying an additional 37 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth approximately $122,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 0.2 %

Shares of COKE stock traded up $1.49 on Tuesday, reaching $953.50. 33,493 shares of the stock were exchanged, compared to its average volume of 47,156. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 19.64 and a beta of 0.73. The business's 50 day moving average price is $847.93 and its 200 day moving average price is $830.15. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. Coca-Cola Consolidated, Inc. has a twelve month low of $614.22 and a twelve month high of $1,030.00.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 EPS for the quarter. The business had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a return on equity of 42.10% and a net margin of 6.83%.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, April 25th. This represents a $2.00 annualized dividend and a dividend yield of 0.21%. Coca-Cola Consolidated's dividend payout ratio is presently 4.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Coca-Cola Consolidated from a "buy" rating to a "strong-buy" rating in a research note 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.