Quest Partners LLC Decreases Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Quest Partners LLC lessened its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 71.4% during the second quarter, HoldingsChannel reports. The fund owned 75 shares of the company’s stock after selling 187 shares during the period. Quest Partners LLC’s holdings in Coca-Cola Consolidated were worth $81,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new position in shares of Coca-Cola Consolidated during the 1st quarter worth $30,000. EverSource Wealth Advisors LLC grew its position in Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after buying an additional 35 shares during the period. GAMMA Investing LLC increased its holdings in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after buying an additional 37 shares in the last quarter. CWM LLC lifted its position in shares of Coca-Cola Consolidated by 30.3% during the 1st quarter. CWM LLC now owns 86 shares of the company’s stock valued at $73,000 after acquiring an additional 20 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Coca-Cola Consolidated by 15.3% during the 2nd quarter. Signaturefd LLC now owns 68 shares of the company’s stock worth $74,000 after acquiring an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 1.5 %

NASDAQ:COKE opened at $1,261.36 on Wednesday. The company has a market capitalization of $11.82 billion, a PE ratio of 25.98 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a 52-week low of $614.22 and a 52-week high of $1,376.84. The stock has a fifty day simple moving average of $1,232.20 and a 200-day simple moving average of $1,030.82. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share (EPS) for the quarter. The company had revenue of $1.80 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.16%. The ex-dividend date was Friday, July 26th. Coca-Cola Consolidated’s payout ratio is 20.59%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 23rd.

Insider Transactions at Coca-Cola Consolidated

In related news, major shareholder Cola Co Coca sold 598,619 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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.