Crossmark Global Holdings Inc. Acquires 165 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Crossmark Global Holdings Inc. raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 55.9% in the third quarter, Holdings Channel.com reports. The firm owned 460 shares of the company’s stock after purchasing an additional 165 shares during the period. Crossmark Global Holdings Inc.’s holdings in Coca-Cola Consolidated were worth $606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its stake in shares of Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after buying an additional 160,521 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after acquiring an additional 152,500 shares during the last quarter. Wallace Capital Management Inc. bought a new position in shares of Coca-Cola Consolidated during the second quarter valued at $90,404,000. Vaughan Nelson Investment Management L.P. raised its position in shares of Coca-Cola Consolidated by 88.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after purchasing an additional 52,491 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after purchasing an additional 30,443 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,210.70 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 21.07 and a beta of 0.85. Coca-Cola Consolidated, Inc. has a one year low of $688.50 and a one year high of $1,376.84. The company’s 50-day moving average is $1,258.58 and its 200 day moving average is $1,154.11.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The firm had revenue of $1.77 billion for the quarter.

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a $2.50 dividend. This is a positive change from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, October 25th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.83%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 17.40%.

Coca-Cola Consolidated Company Profile

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.