Eaton Vance Management Boosts Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Eaton Vance Management raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Rating) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,809 shares of the company’s stock after buying an additional 42 shares during the quarter. Eaton Vance Management’s holdings in Coca-Cola Consolidated were worth $745,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in Coca-Cola Consolidated by 1,122,685.7% in the 3rd quarter. Bessemer Group Inc. now owns 78,595 shares of the company’s stock worth $32,360,000 after acquiring an additional 78,588 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Coca-Cola Consolidated by 55.4% in the second quarter. Goldman Sachs Group Inc. now owns 51,358 shares of the company’s stock valued at $28,961,000 after purchasing an additional 18,304 shares during the period. Retirement Systems of Alabama purchased a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at approximately $7,381,000. Allianz Asset Management GmbH boosted its holdings in Coca-Cola Consolidated by 122.9% in the 1st quarter. Allianz Asset Management GmbH now owns 24,661 shares of the company’s stock worth $12,253,000 after buying an additional 13,597 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Coca-Cola Consolidated by 38.6% in the 3rd quarter. Lazard Asset Management LLC now owns 38,012 shares of the company’s stock valued at $15,650,000 after buying an additional 10,577 shares in the last quarter. 36.33% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Trading Down 0.1 %

NASDAQ:COKE opened at $549.50 on Tuesday. Coca-Cola Consolidated, Inc. has a 1 year low of $405.03 and a 1 year high of $656.11. The stock’s fifty day moving average price is $512.72 and its two-hundred day moving average price is $485.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.38 and a quick ratio of 0.99. The company has a market cap of $5.15 billion, a P/E ratio of 12.01 and a beta of 0.92.

Coca-Cola Consolidated Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 10th. Investors of record on Friday, January 27th were issued a dividend of $3.50 per share. This is a boost from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, January 26th. This represents a $14.00 dividend on an annualized basis and a yield of 2.55%. Coca-Cola Consolidated’s dividend payout ratio is 4.37%.

Coca-Cola Consolidated Profile

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Coca-Cola Consolidated, Inc engages in the production, marketing, and distribution of nonalcoholic beverages. Its products include sparkling and still beverages as well as energy products and noncarbonated beverages such as bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.