Arkadios Wealth Advisors Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Arkadios Wealth Advisors bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 370 shares of the company’s stock, valued at approximately $466,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COKE. UMB Bank n.a. increased its position in shares of Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after acquiring an additional 13 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Coca-Cola Consolidated by 16.3% in the third quarter. Sunbelt Securities Inc. now owns 93 shares of the company’s stock worth $122,000 after purchasing an additional 13 shares during the last quarter. GAMMA Investing LLC increased its holdings in Coca-Cola Consolidated by 16.9% during the 4th quarter. GAMMA Investing LLC now owns 104 shares of the company’s stock valued at $131,000 after purchasing an additional 15 shares during the period. Bank of Montreal Can raised its position in Coca-Cola Consolidated by 1.8% during the 2nd quarter. Bank of Montreal Can now owns 1,028 shares of the company’s stock valued at $1,120,000 after purchasing an additional 18 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in 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 during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Down 1.9 %

Shares of NASDAQ:COKE opened at $1,359.40 on Wednesday. The firm has a market capitalization of $11.91 billion, a P/E ratio of 23.66 and a beta of 0.89. 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 stock has a 50 day moving average price of $1,269.75 and a 200-day moving average price of $1,248.95. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,438.50.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, January 24th. Coca-Cola Consolidated’s payout ratio is currently 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.