Newbridge Financial Services Group Inc. Acquires New Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Newbridge Financial Services Group Inc. acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 23 shares of the company’s stock, valued at approximately $29,000.

Several other large investors also recently added to or reduced their stakes in COKE. International Assets Investment Management LLC boosted its stake in Coca-Cola Consolidated by 74,390.2% during the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after buying an additional 152,500 shares during the period. State Street Corp boosted its stake in Coca-Cola Consolidated by 18.4% during the third quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after buying an additional 26,752 shares during the period. Geode Capital Management LLC boosted its stake in Coca-Cola Consolidated by 16.3% during the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock valued at $163,868,000 after buying an additional 17,408 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Coca-Cola Consolidated by 151.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock valued at $27,113,000 after buying an additional 12,393 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Coca-Cola Consolidated by 133.5% during the third quarter. Franklin Resources Inc. now owns 9,480 shares of the company’s stock valued at $12,339,000 after buying an additional 5,420 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $1,415.40 on Wednesday. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 24.63 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,438.50. The stock has a fifty day moving average of $1,299.02 and a 200 day moving average of $1,279.18. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.71%. Coca-Cola Consolidated’s payout ratio is 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.