Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,361 shares of the company’s stock after selling 50 shares during the period. US Bancorp DE’s holdings in Coca-Cola Consolidated were worth $1,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC raised its position in Coca-Cola Consolidated by 5.2% in the first quarter. Private Advisor Group LLC now owns 782 shares of the company’s stock valued at $662,000 after purchasing an additional 39 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Coca-Cola Consolidated by 27.7% in the first quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock valued at $5,388,000 after buying an additional 1,380 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Coca-Cola Consolidated during the 1st quarter valued at about $587,000. Texas Permanent School Fund Corp raised its holdings in shares of Coca-Cola Consolidated by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 4,102 shares of the company’s stock valued at $3,472,000 after buying an additional 53 shares during the period. Finally, SG Americas Securities LLC lifted its position in Coca-Cola Consolidated by 50.6% during the 1st quarter. SG Americas Securities LLC now owns 405 shares of the company’s stock worth $343,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 1.0 %

Shares of NASDAQ:COKE opened at $1,190.94 on Thursday. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 20.73 and a beta of 0.85. The company has a 50 day moving average of $1,275.47 and a two-hundred day moving average of $1,137.46. Coca-Cola Consolidated, Inc. has a 52-week low of $662.31 and a 52-week high of $1,376.84. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

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

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be paid a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, October 25th. This is an increase from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. This represents a $10.00 annualized dividend and a dividend yield of 0.84%. 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.