Monument Capital Management Raises Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Monument Capital Management grew its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,861 shares of the company’s stock after purchasing an additional 23 shares during the period. Monument Capital Management’s holdings in Coca-Cola Consolidated were worth $3,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Coca-Cola Consolidated during the third quarter worth about $220,000. Envestnet Asset Management Inc. grew its position in shares of Coca-Cola Consolidated by 22.8% during the third quarter. Envestnet Asset Management Inc. now owns 4,795 shares of the company’s stock worth $3,051,000 after buying an additional 889 shares in the last quarter. Mariner LLC grew its position in shares of Coca-Cola Consolidated by 17.0% during the third quarter. Mariner LLC now owns 779 shares of the company’s stock worth $495,000 after buying an additional 113 shares in the last quarter. Gotham Asset Management LLC grew its position in shares of Coca-Cola Consolidated by 159.6% during the third quarter. Gotham Asset Management LLC now owns 3,899 shares of the company’s stock worth $2,481,000 after buying an additional 2,397 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Coca-Cola Consolidated by 8.6% during the third quarter. AQR Capital Management LLC now owns 92,222 shares of the company’s stock worth $58,683,000 after buying an additional 7,336 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Down 1.1 %

COKE traded down $11.75 on Wednesday, reaching $1,093.71. The company’s stock had a trading volume of 16,140 shares, compared to its average volume of 56,163. The stock has a 50 day moving average of $971.61 and a two-hundred day moving average of $899.48. The company has a quick ratio of 1.47, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 22.76 and a beta of 0.78. Coca-Cola Consolidated, Inc. has a fifty-two week low of $614.22 and a fifty-two week high of $1,134.49.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 4.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.