Cubist Systematic Strategies LLC Has $555,000 Holdings in Coca-Cola Consolidated, Inc. $COKE

Cubist Systematic Strategies LLC cut its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 95.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 411 shares of the company’s stock after selling 8,450 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Coca-Cola Consolidated were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in Coca-Cola Consolidated by 33.2% in the 1st quarter. Victory Capital Management Inc. now owns 11,310 shares of the company’s stock valued at $15,268,000 after buying an additional 2,821 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Coca-Cola Consolidated by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 60,812 shares of the company’s stock worth $82,097,000 after acquiring an additional 2,545 shares during the period. Two Sigma Advisers LP bought a new position in shares of Coca-Cola Consolidated during the 4th quarter worth $378,000. Edgestream Partners L.P. purchased a new stake in Coca-Cola Consolidated during the 1st quarter worth about $3,638,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Coca-Cola Consolidated by 29.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,658 shares of the company’s stock worth $2,238,000 after purchasing an additional 374 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Down 1.0%

NASDAQ COKE opened at $121.38 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $146.09. The firm has a market capitalization of $10.55 billion, a PE ratio of 18.11 and a beta of 0.76. The stock’s 50 day moving average is $115.64 and its 200 day moving average is $128.46.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Thursday, July 24th. The company reported $2.24 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.The company had revenue of $1.86 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, July 25th. Coca-Cola Consolidated’s payout ratio is 14.93%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Saturday, July 26th.

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.