BlackRock Amends Coca-Cola Consolidated Stake Filing

TL;DR

**BlackRock still holds a stake in Coca-Cola Consolidated, signaling continued institutional interest.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating its ownership of Coca-Cola Consolidated, Inc. common stock as of December 31, 2023. This filing, Amendment No. 6, updates their previous disclosures, showing BlackRock continues to be a significant institutional holder. For investors, this means a major institutional player maintains a stake, which can signal confidence in the company's long-term prospects, but the specific percentage of ownership is not detailed in the provided text.

Why It Matters

This filing confirms BlackRock's continued significant institutional ownership in Coca-Cola Consolidated, Inc., which can be a positive signal for current and prospective investors, indicating a large, sophisticated investor sees value in the company.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor and does not indicate any immediate financial risk or significant change in company operations.

Analyst Insight

An investor should note that BlackRock, a major institutional investor, continues to hold a position in Coca-Cola Consolidated, Inc. This information alone doesn't warrant immediate action but reinforces the company's standing among large asset managers. Further research into BlackRock's specific ownership percentage (which is not provided in this excerpt) and the company's fundamentals would be prudent.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• Coca-Cola Consolidated, Inc. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the date the SC 13G/A was filed

FAQ

From the Filing

0001086364-24-004863.txt : 20240126 0001086364-24-004863.hdr.sgml : 20240126 20240126172651 ACCESSION NUMBER: 0001086364-24-004863 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Coca-Cola Consolidated, Inc. CENTRAL INDEX KEY: 0000317540 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 560950585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-30570 FILM NUMBER: 24569254 BUSINESS ADDRESS: STREET 1: 4100 COCA COLA PLZ CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 9803928298 MAIL ADDRESS: STREET 1: 4100 COCA COLA PLZ CITY: CHARLOTTE STATE: NC ZIP: 28211 FORMER COMPANY: FORMER CONFORMED NAME: COCA COLA BOTTLING CO CONSOLIDATED /DE/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us1910981026_012624.txt us1910981026_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 6) COCA COLA CONSOLIDATED INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 191098102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 191098102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 558762 (6) Shared voting power 0 (7) Sole dispositive power 565870 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 565870 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- COCA COLA CONSOLIDATED INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 4100 COCA COLA PLZ CHARLOTTE NC 28211 Item 2. 2(a) Name of person filing: ----------------------------------------------------