Cetera Investment Advisers Purchases 399 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Cetera Investment Advisers lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 36.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,490 shares of the company’s stock after purchasing an additional 399 shares during the quarter. Cetera Investment Advisers’ holdings in Coca-Cola Consolidated were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in COKE. EntryPoint Capital LLC bought a new stake in shares of Coca-Cola Consolidated during the first quarter valued at approximately $30,000. GAMMA Investing LLC grew its stake in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock worth $69,000 after purchasing an additional 37 shares in the last quarter. Signaturefd LLC increased its stake in shares of Coca-Cola Consolidated by 15.3% during the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after buying an additional 9 shares during the period. EverSource Wealth Advisors LLC increased its position in Coca-Cola Consolidated by 102.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after purchasing an additional 35 shares during the period. Finally, CWM LLC raised its stake in Coca-Cola Consolidated by 30.3% in the first quarter. CWM LLC now owns 86 shares of the company’s stock worth $73,000 after buying an additional 20 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Up 1.5 %

NASDAQ COKE opened at $1,301.58 on Tuesday. Coca-Cola Consolidated, Inc. has a 52 week low of $621.18 and a 52 week high of $1,376.84. The company has a 50 day moving average price of $1,292.81 and a 200 day moving average price of $1,087.34. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. The firm has a market cap of $12.20 billion, a PE ratio of 26.80 and a beta of 0.82.

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

Coca-Cola Consolidated Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Friday, October 25th. This is a positive change from Coca-Cola Consolidated’s previous dividend of $0.25. Coca-Cola Consolidated’s payout ratio is presently 20.59%.

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.