Allspring Global Investments Holdings LLC Has $27.11 Million Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Allspring Global Investments Holdings LLC lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 151.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,596 shares of the company’s stock after acquiring an additional 12,393 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Coca-Cola Consolidated were worth $27,113,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of Coca-Cola Consolidated by 27.7% during the 1st quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock worth $5,388,000 after purchasing an additional 1,380 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Coca-Cola Consolidated during the first quarter worth approximately $587,000. Swiss National Bank increased its stake in Coca-Cola Consolidated by 9.1% during the 1st quarter. Swiss National Bank now owns 10,765 shares of the company’s stock worth $9,112,000 after acquiring an additional 900 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Coca-Cola Consolidated by 13.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,982 shares of the company’s stock valued at $4,217,000 after acquiring an additional 583 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Coca-Cola Consolidated by 3.0% during the 1st quarter. Lazard Asset Management LLC now owns 15,571 shares of the company’s stock valued at $13,179,000 after acquiring an additional 452 shares during the period. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Up 0.7 %

Shares of NASDAQ COKE opened at $1,273.74 on Thursday. The stock has a market capitalization of $11.94 billion, a P/E ratio of 26.23 and a beta of 0.82. The stock’s fifty day moving average is $1,299.01 and its 200 day moving average is $1,111.30. Coca-Cola Consolidated, Inc. has a 52 week low of $625.77 and a 52 week high of $1,376.84. 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 (NASDAQ:COKE) last issued its earnings results on Wednesday, July 31st. The company reported $20.71 EPS for the quarter. The company had revenue of $1.80 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%.

Coca-Cola Consolidated Increases Dividend

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

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.