Robeco Institutional Asset Management B.V. cut its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) by 88.2% in the third quarter, Holdings Channel reports. The firm owned 1,137 shares of the company’s stock after selling 8,509 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Coca-Cola Consolidated were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Coca-Cola Consolidated during the second quarter worth approximately $26,229,118,000. Legal & General Group Plc purchased a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $1,978,267,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $1,591,427,000. GQG Partners LLC purchased a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $1,494,498,000. Finally, Deutsche Bank AG acquired a new stake in shares of Coca-Cola Consolidated in the second quarter valued at approximately $1,346,125,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.
Coca-Cola Consolidated Stock Performance
NASDAQ COKE opened at $206.61 on Wednesday. Coca-Cola Consolidated, Inc. has a one year low of $126.00 and a one year high of $219.65. The firm’s fifty day moving average is $195.71 and its two-hundred day moving average is $185.52.
Coca-Cola Consolidated (NASDAQ:COKE – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.83 EPS for the quarter. The business had revenue of $2.05 billion during the quarter.
Coca-Cola Consolidated Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Coca-Cola Consolidated from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 16th. Wall Street Zen cut shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Coca-Cola Consolidated has an average rating of “Buy”.
Get Our Latest Stock Report on Coca-Cola Consolidated
Coca-Cola Consolidated Profile
Coca-Cola Consolidated, Inc is the largest Coca-Cola bottler in the United States. Based in Charlotte, North Carolina, the company produces, sells, markets and distributes a broad portfolio of nonalcoholic beverages for The Coca-Cola Company and other brand owners.
Its products include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, DASANI, smartwater, POWERADE, Minute Maid and fairlife, along with other soft drinks, water, sports drinks, juices, dairy beverages and emerging beverage brands.
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