Vaughan Nelson Investment Management L.P. Sells 66,751 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Vaughan Nelson Investment Management L.P. trimmed its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 59.5% in the third quarter, Holdings Channel reports. The fund owned 45,405 shares of the company’s stock after selling 66,751 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Coca-Cola Consolidated were worth $59,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in Coca-Cola Consolidated by 1,308.6% during the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after purchasing an additional 160,521 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 74,390.2% during the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after buying an additional 152,500 shares during the last quarter. Wallace Capital Management Inc. bought a new stake in shares of Coca-Cola Consolidated in the second quarter valued at approximately $90,404,000. Vanguard Group Inc. boosted its position in shares of Coca-Cola Consolidated by 5.3% in the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after acquiring an additional 30,443 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of Coca-Cola Consolidated by 1,271.0% in the second quarter. Los Angeles Capital Management LLC now owns 32,067 shares of the company’s stock worth $34,793,000 after acquiring an additional 29,728 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Trading Down 0.4 %

Shares of COKE stock opened at $1,210.70 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $10.61 billion, a P/E ratio of 21.07 and a beta of 0.85. The firm’s fifty day simple moving average is $1,258.58 and its 200 day simple moving average is $1,156.40. Coca-Cola Consolidated, Inc. has a 1 year low of $688.50 and a 1 year high of $1,376.84.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The company had revenue of $1.77 billion for the quarter.

Coca-Cola Consolidated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a $2.50 dividend. This is a boost from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, October 25th. This represents a $10.00 annualized dividend and a yield of 0.83%. Coca-Cola Consolidated’s dividend 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.