Vaughan Nelson Investment Management L.P. Has $49.94 Million Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Vaughan Nelson Investment Management L.P. cut its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,636 shares of the company’s stock after selling 5,769 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.45% of Coca-Cola Consolidated worth $49,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Coca-Cola Consolidated by 18.4% in the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after acquiring an additional 26,752 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after purchasing an additional 152,500 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Coca-Cola Consolidated by 16.3% during the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after purchasing an additional 17,408 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Coca-Cola Consolidated by 151.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock valued at $27,113,000 after buying an additional 12,393 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Coca-Cola Consolidated by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after buying an additional 1,453 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

COKE opened at $1,371.57 on Friday. The business’s 50-day simple moving average is $1,294.93 and its 200 day simple moving average is $1,272.78. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,438.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The firm has a market capitalization of $12.01 billion, a PE ratio of 23.87 and a beta of 0.89.

Coca-Cola Consolidated Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.73%. Coca-Cola Consolidated’s payout ratio is 17.40%.

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.