Raymond James & Associates Sells 209 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Raymond James & Associates reduced its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,470 shares of the company’s stock after selling 209 shares during the quarter. Raymond James & Associates’ holdings in Coca-Cola Consolidated were worth $4,568,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Coca-Cola Consolidated in the first quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new stake in Coca-Cola Consolidated in the third quarter worth approximately $37,000. EverSource Wealth Advisors LLC increased its holdings in Coca-Cola Consolidated by 102.9% in the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after purchasing an additional 35 shares in the last quarter. UMB Bank n.a. increased its holdings in Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after purchasing an additional 13 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $62,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Trading Up 0.9 %

Shares of Coca-Cola Consolidated stock opened at $1,134.38 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97. Coca-Cola Consolidated, Inc. has a 52 week low of $628.00 and a 52 week high of $1,376.84. The stock has a 50 day moving average price of $1,285.22 and a two-hundred day moving average price of $1,127.68. The stock has a market capitalization of $9.94 billion, a PE ratio of 19.74 and a beta of 0.82.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 45.90% and a net margin of 7.81%. The firm had revenue of $1.77 billion during the quarter.

Coca-Cola Consolidated Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, October 25th. This is a boost from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 17.40%.

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.