ING Groep NV Has $10.29 Million Stake in Coca-Cola Consolidated, Inc. $COKE

ING Groep NV increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 738.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,100 shares of the company’s stock after purchasing an additional 59,100 shares during the quarter. ING Groep NV owned approximately 0.08% of Coca-Cola Consolidated worth $10,286,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Torren Management LLC acquired a new position in Coca-Cola Consolidated during the fourth quarter worth $29,000. Morse Asset Management Inc acquired a new position in Coca-Cola Consolidated during the fourth quarter worth $31,000. Quarry LP acquired a new position in Coca-Cola Consolidated during the third quarter worth $25,000. Advisory Services Network LLC acquired a new position in Coca-Cola Consolidated during the third quarter worth $25,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $179.91 on Monday. The stock has a market cap of $11.97 billion, a P/E ratio of 24.61 and a beta of 0.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.91. The company has a fifty day moving average price of $185.72 and a two-hundred day moving average price of $175.40. Coca-Cola Consolidated, Inc. has a one year low of $105.44 and a one year high of $219.65.

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

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) 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.