Blue Trust Inc. Grows Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Blue Trust Inc. raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 311 shares of the company’s stock after buying an additional 98 shares during the period. Blue Trust Inc.’s holdings in Coca-Cola Consolidated were worth $409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in shares of Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after acquiring an additional 13 shares during the period. Sunbelt Securities Inc. grew its holdings in Coca-Cola Consolidated by 16.3% in the third quarter. Sunbelt Securities Inc. now owns 93 shares of the company’s stock valued at $122,000 after purchasing an additional 13 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Coca-Cola Consolidated by 16.9% in the fourth quarter. GAMMA Investing LLC now owns 104 shares of the company’s stock valued at $131,000 after buying an additional 15 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Coca-Cola Consolidated by 1.8% during the 2nd quarter. Bank of Montreal Can now owns 1,028 shares of the company’s stock worth $1,120,000 after buying an additional 18 shares during the last quarter. Finally, Summit Global Investments boosted its position in shares of Coca-Cola Consolidated by 1.9% in the 3rd quarter. Summit Global Investments now owns 1,414 shares of the company’s stock worth $1,861,000 after buying an additional 27 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $1,367.62 on Friday. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,438.50. The company has a market capitalization of $11.98 billion, a P/E ratio of 23.80 and a beta of 0.89. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $1,289.28 and a two-hundred day moving average price of $1,262.79.

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

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be given a $2.50 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.73%. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

Coca-Cola Consolidated 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.