Allworth Financial LP Acquires 26 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Allworth Financial LP grew its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 260.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 36 shares of the company’s stock after purchasing an additional 26 shares during the quarter. Allworth Financial LP’s holdings in Coca-Cola Consolidated were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of COKE. State Street Corp increased its stake in shares of Coca-Cola Consolidated by 18.4% during the third quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after buying an additional 26,752 shares during the period. Geode Capital Management LLC increased its position in Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock valued at $163,868,000 after purchasing an additional 17,408 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Coca-Cola Consolidated by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after purchasing an additional 1,453 shares during the period. Natixis Advisors LLC boosted its stake in shares of Coca-Cola Consolidated by 1.6% during the third quarter. Natixis Advisors LLC now owns 15,792 shares of the company’s stock valued at $20,788,000 after purchasing an additional 254 shares in the last quarter. Finally, Algert Global LLC increased its holdings in Coca-Cola Consolidated by 1.6% during the third quarter. Algert Global LLC now owns 11,667 shares of the company’s stock valued at $15,358,000 after buying an additional 184 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $1,393.24 on Wednesday. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 19.95 and a beta of 0.89. The firm has a 50 day moving average of $1,325.71 and a 200 day moving average of $1,292.97. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,460.92.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The company had revenue of $1.75 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s payout ratio is currently 14.32%.

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.