Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stock Holdings Boosted by TD Asset Management Inc

TD Asset Management Inc raised its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Rating) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,932 shares of the company’s stock after purchasing an additional 56 shares during the quarter. TD Asset Management Inc’s holdings in Coca-Cola Consolidated were worth $1,502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of COKE. Fifth Third Bancorp lifted its position in shares of Coca-Cola Consolidated by 566.7% during the 3rd quarter. Fifth Third Bancorp now owns 60 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of Coca-Cola Consolidated by 54.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 91 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Coca-Cola Consolidated by 204.0% in the fourth quarter. Larson Financial Group LLC now owns 76 shares of the company’s stock valued at $39,000 after purchasing an additional 51 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Coca-Cola Consolidated by 64.7% in the third quarter. Signaturefd LLC now owns 112 shares of the company’s stock valued at $46,000 after purchasing an additional 44 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Coca-Cola Consolidated by 157.4% in the third quarter. CWM LLC now owns 139 shares of the company’s stock valued at $57,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 36.33% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $629.74 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. Coca-Cola Consolidated, Inc. has a 1 year low of $405.03 and a 1 year high of $694.20. The business has a fifty day simple moving average of $548.52 and a 200 day simple moving average of $516.47. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 13.01 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $13.54 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 49.66% and a net margin of 7.14%. The company had revenue of $1.57 billion during the quarter.

Coca-Cola Consolidated Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Investors of record on Friday, April 28th will be issued a $0.50 dividend. The ex-dividend date is Thursday, April 27th. This represents a $2.00 annualized dividend and a yield of 0.32%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 4.13%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Coca-Cola Consolidated in a report on Thursday, March 16th. They issued a “strong-buy” rating for the company.

Coca-Cola Consolidated Company Profile

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Coca-Cola Consolidated, Inc engages in the production, marketing, and distribution of nonalcoholic beverages. Its products include sparkling and still beverages as well as energy products and noncarbonated beverages such as bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.