Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stock Position Raised by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 150.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,000 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.05% of Coca-Cola Consolidated worth $4,232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COKE. Quest Partners LLC acquired a new position in Coca-Cola Consolidated during the 4th quarter valued at about $31,000. CWM LLC grew its holdings in Coca-Cola Consolidated by 22.2% in the 4th quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after buying an additional 12 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Coca-Cola Consolidated in the 4th quarter valued at approximately $93,000. Principal Securities Inc. acquired a new stake in Coca-Cola Consolidated in the 4th quarter valued at approximately $97,000. Finally, Headlands Technologies LLC bought a new stake in Coca-Cola Consolidated during the 4th quarter valued at $122,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Down 0.1 %

Coca-Cola Consolidated stock opened at $1,104.02 on Friday. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 22.74 and a beta of 0.78. Coca-Cola Consolidated, Inc. has a 1 year low of $614.22 and a 1 year high of $1,134.49. The firm’s 50 day moving average price is $1,034.18 and its two-hundred day moving average price is $918.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.87.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Monday, May 6th. The company reported $17.31 EPS for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%. The company had revenue of $1.59 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 26th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio is currently 4.12%.

Insider Activity at Coca-Cola Consolidated

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola Consolidated stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd.

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.