Handelsbanken Fonder AB Buys 300 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Handelsbanken Fonder AB raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 40.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,033 shares of the company’s stock after buying an additional 300 shares during the period. Handelsbanken Fonder AB’s holdings in Coca-Cola Consolidated were worth $959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in Coca-Cola Consolidated in the third quarter valued at $38,000. CWM LLC lifted its stake in Coca-Cola Consolidated by 22.2% during the fourth quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after purchasing an additional 12 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Coca-Cola Consolidated by 163.0% in the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after purchasing an additional 44 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Coca-Cola Consolidated by 100.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock valued at $47,000 after purchasing an additional 37 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Coca-Cola Consolidated by 40.4% during the 3rd quarter. Covestor Ltd now owns 132 shares of the company’s stock valued at $85,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

COKE stock opened at $822.44 on Monday. The firm has a market cap of $7.71 billion, a P/E ratio of 18.92 and a beta of 0.74. The firm’s fifty day moving average is $832.10 and its 200 day moving average is $807.50. Coca-Cola Consolidated, Inc. has a 52 week low of $563.38 and a 52 week high of $961.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.56.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%. The firm had revenue of $1.63 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 25th. This represents a $2.00 annualized dividend and a yield of 0.24%. Coca-Cola Consolidated’s payout ratio is currently 4.60%.

Analyst Ratings Changes

Separately, StockNews.com raised Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

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.