Nisa Investment Advisors LLC Cuts Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Nisa Investment Advisors LLC cut its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 22.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175 shares of the company’s stock after selling 51 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Coca-Cola Consolidated were worth $230,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Private Advisor Group LLC increased its position in shares of Coca-Cola Consolidated by 5.2% during the 1st quarter. Private Advisor Group LLC now owns 782 shares of the company’s stock valued at $662,000 after purchasing an additional 39 shares during the last quarter. BNP Paribas Financial Markets raised its position in Coca-Cola Consolidated by 27.7% during the 1st quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock valued at $5,388,000 after purchasing an additional 1,380 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Coca-Cola Consolidated in the first quarter worth about $587,000. Texas Permanent School Fund Corp raised its holdings in shares of Coca-Cola Consolidated by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 4,102 shares of the company’s stock valued at $3,472,000 after purchasing an additional 53 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Coca-Cola Consolidated by 50.6% during the first quarter. SG Americas Securities LLC now owns 405 shares of the company’s stock worth $343,000 after buying an additional 136 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $1,190.94 on Thursday. Coca-Cola Consolidated, Inc. has a 1-year low of $662.31 and a 1-year high of $1,376.84. The company has a market cap of $10.43 billion, a P/E ratio of 20.73 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The stock’s 50-day moving average is $1,275.47 and its 200 day moving average is $1,137.46.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%. The firm had revenue of $1.77 billion during the quarter.

Coca-Cola Consolidated Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be paid a $2.50 dividend. This is a positive change from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, October 25th. This represents a $10.00 dividend on an annualized basis and a yield of 0.84%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 17.40%.

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.