Vaughan Nelson Investment Management L.P. Has $49.94 Million Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Vaughan Nelson Investment Management L.P. lowered its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,636 shares of the company’s stock after selling 5,769 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Coca-Cola Consolidated were worth $49,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COKE. International Assets Investment Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 74,390.2% during the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after buying an additional 152,500 shares in the last quarter. State Street Corp grew its position in shares of Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock worth $226,959,000 after purchasing an additional 26,752 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after purchasing an additional 17,408 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Coca-Cola Consolidated by 151.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock valued at $27,113,000 after buying an additional 12,393 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Coca-Cola Consolidated by 133.5% during the third quarter. Franklin Resources Inc. now owns 9,480 shares of the company’s stock worth $12,339,000 after buying an additional 5,420 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Up 0.8 %

Shares of NASDAQ COKE opened at $1,371.57 on Friday. The stock has a market capitalization of $12.01 billion, a P/E ratio of 23.87 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,438.50. The stock’s fifty day moving average is $1,294.93 and its 200 day moving average is $1,272.78.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.73%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 17.40%.

About Coca-Cola Consolidated

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; 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.