New York State Teachers Retirement System Sells 6,064 Shares of Coca-Cola Consolidated, Inc. $COKE

New York State Teachers Retirement System trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 66,027 shares of the company’s stock after selling 6,064 shares during the quarter. New York State Teachers Retirement System’s holdings in Coca-Cola Consolidated were worth $12,660,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Coca-Cola Consolidated by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 244,805 shares of the company’s stock worth $28,681,000 after acquiring an additional 24,278 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Coca-Cola Consolidated by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after purchasing an additional 341,374 shares in the last quarter. Natixis Advisors LLC raised its holdings in Coca-Cola Consolidated by 122.1% in the 3rd quarter. Natixis Advisors LLC now owns 107,106 shares of the company’s stock worth $12,548,000 after purchasing an additional 58,890 shares during the period. First Trust Advisors LP lifted its position in Coca-Cola Consolidated by 119.3% during the third quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock valued at $167,957,000 after purchasing an additional 779,915 shares in the last quarter. Finally, L2 Asset Management LLC grew its holdings in Coca-Cola Consolidated by 75.4% during the third quarter. L2 Asset Management LLC now owns 32,446 shares of the company’s stock valued at $3,801,000 after purchasing an additional 13,943 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $195.63 on Monday. The stock has a market cap of $13.02 billion, a PE ratio of 26.76 and a beta of 0.54. Coca-Cola Consolidated, Inc. has a 1 year low of $109.42 and a 1 year high of $219.65. The firm has a fifty day moving average price of $183.14 and a 200-day moving average price of $178.58.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Coca-Cola Consolidated

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.