Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 28.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,465 shares of the company’s stock after selling 2,225 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Coca-Cola Consolidated were worth $5,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in COKE. Signaturefd LLC lifted its holdings in Coca-Cola Consolidated by 15.3% in the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock worth $74,000 after purchasing an additional 9 shares during the period. Inspire Investing LLC boosted its holdings in shares of Coca-Cola Consolidated by 3.1% in the first quarter. Inspire Investing LLC now owns 426 shares of the company’s stock valued at $361,000 after acquiring an additional 13 shares in the last quarter. Comerica Bank raised its holdings in Coca-Cola Consolidated by 0.9% during the fourth quarter. Comerica Bank now owns 1,554 shares of the company’s stock worth $1,442,000 after purchasing an additional 14 shares in the last quarter. Cetera Advisors LLC lifted its position in Coca-Cola Consolidated by 3.4% in the first quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock worth $356,000 after purchasing an additional 14 shares during the period. Finally, CWM LLC boosted its stake in Coca-Cola Consolidated by 17.4% during the 2nd quarter. CWM LLC now owns 101 shares of the company’s stock valued at $110,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 0.2 %

COKE opened at $1,264.25 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97. The company has a market capitalization of $11.85 billion, a PE ratio of 26.03 and a beta of 0.82. The stock’s fifty day moving average is $1,243.22 and its 200-day moving average is $1,037.07. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,376.84.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Friday, July 26th. Coca-Cola Consolidated’s payout ratio is 20.59%.

Insiders Place Their Bets

In other news, major shareholder Cola Co Coca sold 598,619 shares of the 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 completion of the sale, the insider now 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 Securities & Exchange Commission, which is available through this hyperlink.

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.