Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel lowered its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 16.7% in the 2nd quarter, Holdings Channel reports. The fund owned 1,424 shares of the company’s stock after selling 285 shares during the period. Aurora Investment Counsel’s holdings in Coca-Cola Consolidated were worth $1,545,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after purchasing an additional 30,443 shares during the last quarter. Millennium Management LLC grew its holdings in Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after buying an additional 160,521 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Coca-Cola Consolidated by 88.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock valued at $121,689,000 after acquiring an additional 52,491 shares during the period. Wallace Capital Management Inc. acquired a new stake in Coca-Cola Consolidated in the 2nd quarter valued at approximately $90,404,000. Finally, AQR Capital Management LLC raised its stake in Coca-Cola Consolidated by 18.3% during the 2nd quarter. AQR Capital Management LLC now owns 75,035 shares of the company’s stock valued at $80,363,000 after acquiring an additional 11,587 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 1.6 %

NASDAQ:COKE opened at $1,316.40 on Tuesday. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 27.11 and a beta of 0.82. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97. Coca-Cola Consolidated, Inc. has a 1 year low of $614.22 and a 1 year high of $1,376.84. The business has a fifty day moving average of $1,265.10 and a 200-day moving average of $1,056.72.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, July 31st. The company reported $20.71 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%. The firm had revenue of $1.80 billion for the quarter.

Coca-Cola Consolidated Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a dividend of $2.50 per share. This is a boost from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date of this dividend is Friday, October 25th. Coca-Cola Consolidated’s payout ratio is presently 20.59%.

Insiders Place Their Bets

In other news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola Consolidated stock in a transaction on Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the transaction, the insider now directly owns 1,883,546 shares in the company, valued at approximately $1,742,280,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Coca-Cola Consolidated Profile

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.