Quest Partners LLC Invests $31,000 in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Quest Partners LLC purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 33 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Xponance Inc. increased its holdings in shares of Coca-Cola Consolidated by 1.8% during the fourth quarter. Xponance Inc. now owns 690 shares of the company’s stock worth $641,000 after buying an additional 12 shares in the last quarter. CWM LLC increased its holdings in Coca-Cola Consolidated by 22.2% in the 4th quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after purchasing an additional 12 shares in the last quarter. Meritage Portfolio Management raised its position in Coca-Cola Consolidated by 2.1% in the fourth quarter. Meritage Portfolio Management now owns 743 shares of the company’s stock valued at $690,000 after purchasing an additional 15 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Coca-Cola Consolidated by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 937 shares of the company’s stock valued at $870,000 after purchasing an additional 16 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Coca-Cola Consolidated by 1.3% during the third quarter. Arizona State Retirement System now owns 1,429 shares of the company’s stock worth $909,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 0.2 %

NASDAQ:COKE opened at $981.04 on Friday. The firm’s 50 day simple moving average is $880.37 and its 200 day simple moving average is $853.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.47. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,030.00. The company has a market cap of $9.19 billion, a PE ratio of 20.20 and a beta of 0.73.

Coca-Cola Consolidated (NASDAQ:COKEGet Free Report) last posted its earnings results on Monday, May 6th. The company reported $17.31 EPS for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%. The business had revenue of $1.59 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, April 25th. This represents a $2.00 annualized dividend and a yield of 0.20%. Coca-Cola Consolidated’s dividend payout ratio is presently 4.12%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd.

View Our Latest Stock Analysis on Coca-Cola Consolidated

Coca-Cola Consolidated Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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