SG Americas Securities LLC Has $317,000 Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

SG Americas Securities LLC lessened its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 89.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 241 shares of the company’s stock after selling 1,991 shares during the quarter. SG Americas Securities LLC’s holdings in Coca-Cola Consolidated were worth $317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COKE. Wellington Management Group LLP acquired a new position in shares of Coca-Cola Consolidated during the fourth quarter worth about $6,102,000. CWM LLC boosted its holdings in shares of Coca-Cola Consolidated by 30.3% during the 1st quarter. CWM LLC now owns 86 shares of the company’s stock valued at $73,000 after acquiring an additional 20 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of Coca-Cola Consolidated by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 37,256 shares of the company’s stock valued at $31,534,000 after acquiring an additional 4,600 shares in the last quarter. OneAscent Wealth Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 8.0% during the 1st quarter. OneAscent Wealth Management LLC now owns 810 shares of the company’s stock valued at $686,000 after acquiring an additional 60 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Coca-Cola Consolidated by 36.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 59,665 shares of the company’s stock worth $50,501,000 after buying an additional 16,095 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 1.4 %

Shares of COKE opened at $1,287.48 on Friday. The stock’s 50-day moving average price is $1,298.07 and its two-hundred day moving average price is $1,101.85. Coca-Cola Consolidated, Inc. has a 12 month low of $621.18 and a 12 month high of $1,376.84. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $12.07 billion, a PE ratio of 26.51 and a beta of 0.82.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, July 31st. The company reported $20.71 EPS for the quarter. The business had revenue of $1.80 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%.

Coca-Cola Consolidated Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be paid a $2.50 dividend. This is an increase from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date is Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio is presently 20.59%.

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.