Coca-Cola Consolidated, Inc. $COKE Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 153,487.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 417,757 shares of the company’s stock after purchasing an additional 417,485 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.49% of Coca-Cola Consolidated worth $64,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COKE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Coca-Cola Consolidated by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock valued at $23,289,000 after acquiring an additional 1,385 shares in the last quarter. Baird Financial Group Inc. boosted its stake in Coca-Cola Consolidated by 795.4% in the second quarter. Baird Financial Group Inc. now owns 9,966 shares of the company’s stock valued at $1,113,000 after acquiring an additional 8,853 shares in the last quarter. Marshall Wace LLP boosted its stake in Coca-Cola Consolidated by 5,152.8% in the second quarter. Marshall Wace LLP now owns 18,910 shares of the company’s stock valued at $2,111,000 after acquiring an additional 18,550 shares in the last quarter. Cresset Asset Management LLC boosted its stake in Coca-Cola Consolidated by 169.0% in the second quarter. Cresset Asset Management LLC now owns 4,589 shares of the company’s stock valued at $512,000 after acquiring an additional 2,883 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Coca-Cola Consolidated during the second quarter worth about $469,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $170.27 on Monday. The stock has a market capitalization of $11.33 billion, a P/E ratio of 23.29 and a beta of 0.61. Coca-Cola Consolidated, Inc. has a 52-week low of $105.21 and a 52-week high of $219.65. The firm has a 50-day moving average price of $194.68 and a 200 day moving average price of $171.88. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%. The company had revenue of $1.71 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were given a $0.25 dividend. The ex-dividend date was Friday, April 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio is currently 13.68%.

Coca-Cola Consolidated 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.