Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 66 shares of the company’s stock after purchasing an additional 12 shares during the period. Cwm LLC’s holdings in Coca-Cola Consolidated were worth $61,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COKE. First Command Advisory Services Inc. purchased a new stake in shares of Coca-Cola Consolidated during the third quarter worth about $38,000. Fifth Third Bancorp boosted its holdings in 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 buying an additional 44 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Coca-Cola Consolidated by 100.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock worth $47,000 after buying an additional 37 shares in the last quarter. Covestor Ltd lifted its position in shares of Coca-Cola Consolidated by 40.4% in the third quarter. Covestor Ltd now owns 132 shares of the company’s stock valued at $85,000 after acquiring an additional 38 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Coca-Cola Consolidated by 132.9% in the third quarter. Larson Financial Group LLC now owns 177 shares of the company’s stock worth $112,000 after acquiring an additional 101 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

COKE opened at $944.81 on Thursday. The firm has a market capitalization of $8.86 billion, a PE ratio of 19.46 and a beta of 0.73. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. Coca-Cola Consolidated, Inc. has a twelve month low of $614.22 and a twelve month high of $1,030.00. The firm’s 50-day moving average price is $838.43 and its 200 day moving average price is $820.03.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results 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 business had revenue of $1.63 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $2.00 annualized dividend and a dividend yield of 0.21%. Coca-Cola Consolidated’s dividend payout ratio is presently 4.12%.

Wall Street Analysts Forecast Growth

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

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.