Janney Montgomery Scott LLC Increases Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Janney Montgomery Scott LLC lifted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,046 shares of the company’s stock after buying an additional 29 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Coca-Cola Consolidated were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Texas Permanent School Fund Corp grew its holdings in shares of Coca-Cola Consolidated by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 4,102 shares of the company’s stock worth $3,472,000 after acquiring an additional 53 shares during the period. SG Americas Securities LLC raised its holdings in Coca-Cola Consolidated by 50.6% in the first quarter. SG Americas Securities LLC now owns 405 shares of the company’s stock worth $343,000 after purchasing an additional 136 shares in the last quarter. Swiss National Bank lifted its position in Coca-Cola Consolidated by 9.1% during the first quarter. Swiss National Bank now owns 10,765 shares of the company’s stock valued at $9,112,000 after buying an additional 900 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Coca-Cola Consolidated during the 1st quarter valued at $237,000. Finally, Inspire Investing LLC increased its stake in shares of Coca-Cola Consolidated by 3.1% in the 1st quarter. Inspire Investing LLC now owns 426 shares of the company’s stock worth $361,000 after acquiring an additional 13 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Down 0.3 %

Shares of Coca-Cola Consolidated stock opened at $1,220.87 on Tuesday. Coca-Cola Consolidated, Inc. has a 1 year low of $672.47 and a 1 year high of $1,376.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The company has a 50-day moving average of $1,267.92 and a 200 day moving average of $1,147.57. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 21.25 and a beta of 0.85.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The business had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, October 25th. This is an increase from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. This represents a $10.00 annualized dividend and a dividend yield of 0.82%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 17.40%.

Coca-Cola Consolidated 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.