Measured Wealth Private Client Group LLC Purchases 19 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Measured Wealth Private Client Group LLC grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 6.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 316 shares of the company’s stock after buying an additional 19 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Coca-Cola Consolidated were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Coca-Cola Consolidated in the 4th quarter worth approximately $188,138,000. International Assets Investment Management LLC purchased a new position in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $174,971,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $40,449,000. Hennessy Advisors Inc. bought a new position in Coca-Cola Consolidated during the fourth quarter valued at approximately $30,318,000. Finally, Vanguard Group Inc. boosted its holdings in Coca-Cola Consolidated by 3.5% in the third quarter. Vanguard Group Inc. now owns 580,785 shares of the company’s stock worth $369,565,000 after purchasing an additional 19,877 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 0.4 %

COKE stock opened at $1,105.46 on Wednesday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $614.22 and a fifty-two week high of $1,134.49. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 22.76 and a beta of 0.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.87. The business’s 50-day moving average is $971.61 and its two-hundred day moving average is $899.48.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Monday, May 6th. The company reported $17.31 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%. The firm had revenue of $1.59 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.18%. The ex-dividend date was Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.12%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 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.