8,509 Coca-Cola Consolidated, Inc. $COKE Shares Sold by Robeco Institutional Asset Management B.V.

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

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report).

Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

Receive News & Ratings for Coca-Cola Consolidated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Consolidated and related companies with MarketBeat.com's FREE daily email newsletter.