American Century Companies Inc. Purchases 3,225 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Posted by Defense World Staff on Jun 8th, 2023

American Century Companies Inc. boosted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Rating) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,354 shares of the company’s stock after buying an additional 3,225 shares during the quarter. American Century Companies Inc. owned approximately 0.31% of Coca-Cola Consolidated worth $15,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management purchased a new position in Coca-Cola Consolidated during the 4th quarter valued at about $27,000. Ronald Blue Trust Inc. lifted its holdings in shares of Coca-Cola Consolidated by 54.2% during the 4th quarter. Ronald Blue Trust Inc. now owns 91 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Coca-Cola Consolidated by 204.0% in the 4th quarter. Larson Financial Group LLC now owns 76 shares of the company’s stock worth $39,000 after purchasing an additional 51 shares in the last quarter. Signaturefd LLC increased its position in Coca-Cola Consolidated by 64.7% during the 3rd quarter. Signaturefd LLC now owns 112 shares of the company’s stock valued at $46,000 after buying an additional 44 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Coca-Cola Consolidated by 5,600.0% in the first quarter. Covestor Ltd now owns 114 shares of the company’s stock worth $57,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 36.33% of the company’s stock.

Coca-Cola Consolidated Stock Down 2.5 %

Coca-Cola Consolidated stock opened at $665.67 on Thursday. The business’s 50-day simple moving average is $603.53 and its two-hundred day simple moving average is $543.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.67. The company has a market cap of $6.24 billion, a PE ratio of 13.75 and a beta of 0.91. Coca-Cola Consolidated, Inc. has a fifty-two week low of $405.03 and a fifty-two week high of $694.20.

Coca-Cola Consolidated Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 12th. Investors of record on Friday, April 28th were given a $0.50 dividend. The ex-dividend date was Thursday, April 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.30%. Coca-Cola Consolidated’s dividend payout ratio is currently 4.13%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Coca-Cola Consolidated in a research report on Thursday, May 18th. They issued a “strong-buy” rating for the company.

Coca-Cola Consolidated Company Profile

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Coca-Cola Consolidated, Inc engages in the production, marketing, and distribution of nonalcoholic beverages. Its products include sparkling and still beverages as well as energy products and noncarbonated beverages such as bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.