Foundry Partners LLC Raises Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Foundry Partners LLC grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) by 50.0% during the third quarter, Holdings Channel reports. The firm owned 8,406 shares of the company’s stock after acquiring an additional 2,801 shares during the period. Foundry Partners LLC’s holdings in Coca-Cola Consolidated were worth $5,349,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. AMI Investment Management Inc. purchased a new stake in shares of Coca-Cola Consolidated in the first quarter worth about $204,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Coca-Cola Consolidated by 19.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 434 shares of the company’s stock worth $216,000 after buying an additional 70 shares during the last quarter. US Bancorp DE boosted its stake in shares of Coca-Cola Consolidated by 15.9% in the first quarter. US Bancorp DE now owns 867 shares of the company’s stock worth $430,000 after buying an additional 119 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Coca-Cola Consolidated by 6.2% in the first quarter. Citigroup Inc. now owns 4,654 shares of the company’s stock worth $2,312,000 after buying an additional 271 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Coca-Cola Consolidated by 1.2% in the first quarter. Bank of Montreal Can now owns 1,665 shares of the company’s stock worth $825,000 after buying an additional 20 shares during the last quarter. 39.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 15th.

Read Our Latest Stock Analysis on COKE

Coca-Cola Consolidated Stock Down 1.2 %

Shares of COKE opened at $854.68 on Tuesday. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 17.81 and a beta of 0.79. The stock’s 50-day moving average price is $880.46 and its 200-day moving average price is $745.88. The company has a quick ratio of 1.49, a current ratio of 1.85 and a debt-to-equity ratio of 0.40. Coca-Cola Consolidated, Inc. has a 52 week low of $495.11 and a 52 week high of $961.91.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a None dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 26th were given a dividend of $16.50 per share. The ex-dividend date was Thursday, January 25th. This represents a yield of 0.2%. Coca-Cola Consolidated’s dividend payout ratio is currently 4.17%.

About Coca-Cola Consolidated

(Free Report)

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as sparling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.

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Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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