Pacer Advisors Inc. Purchases 100 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Pacer Advisors Inc. lifted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 6.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,725 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Pacer Advisors Inc.’s holdings in Coca-Cola Consolidated were worth $1,872,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. UBS Group AG grew its position in Coca-Cola Consolidated by 56.2% during the fourth quarter. UBS Group AG now owns 8,535 shares of the company’s stock valued at $7,924,000 after acquiring an additional 3,070 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Coca-Cola Consolidated by 98.2% in the 4th quarter. Corient Private Wealth LLC now owns 1,203 shares of the company’s stock valued at $1,117,000 after purchasing an additional 596 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at $31,000. Franklin Resources Inc. grew its holdings in shares of Coca-Cola Consolidated by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 1,471 shares of the company’s stock valued at $1,366,000 after purchasing an additional 17 shares during the last quarter. Finally, Commerce Bank purchased a new position in Coca-Cola Consolidated in the 4th quarter worth $231,000. 48.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,295.58 on Thursday. The company has a 50-day simple moving average of $1,256.94 and a two-hundred day simple moving average of $1,048.67. Coca-Cola Consolidated, Inc. has a 12-month low of $614.22 and a 12-month high of $1,376.84. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 26.68 and a beta of 0.82. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The company had revenue of $1.80 billion during the quarter.

Coca-Cola Consolidated Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be issued a $2.50 dividend. This is a boost from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date is Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 4.12%.

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.