Reinhart Partners LLC. Purchases Shares of 61,858 Coca-Cola Consolidated, Inc. $COKE

Reinhart Partners LLC. purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,858 shares of the company’s stock, valued at approximately $7,247,000. Reinhart Partners LLC. owned about 0.07% of Coca-Cola Consolidated as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Coca-Cola Consolidated in the 2nd quarter valued at approximately $280,669,000. Boston Partners boosted its position in shares of Coca-Cola Consolidated by 942.2% in the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after acquiring an additional 1,889,358 shares during the period. State Street Corp boosted its position in shares of Coca-Cola Consolidated by 836.9% in the second quarter. State Street Corp now owns 1,729,065 shares of the company’s stock valued at $193,050,000 after acquiring an additional 1,544,516 shares during the period. Diversified Trust Co grew its stake in shares of Coca-Cola Consolidated by 900.0% in the second quarter. Diversified Trust Co now owns 1,462,487 shares of the company’s stock worth $163,287,000 after acquiring an additional 1,316,233 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Coca-Cola Consolidated by 882.9% during the second quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock worth $145,398,000 after acquiring an additional 1,169,611 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola Consolidated presently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $151.48 on Friday. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 21.57 and a beta of 0.65. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $169.49. The business has a fifty day simple moving average of $158.91 and a 200 day simple moving average of $133.13. The company has a current ratio of 2.04, a quick ratio of 1.79 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 23rd. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.25%.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.