Strategic Investment Solutions Inc. IL Makes New $62,000 Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Strategic Investment Solutions Inc. IL purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54 shares of the company’s stock, valued at approximately $62,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in Coca-Cola Consolidated by 27.7% during the 1st quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock worth $5,388,000 after buying an additional 1,380 shares in the last quarter. Hancock Whitney Corp lifted its stake in shares of Coca-Cola Consolidated by 12.3% during the fourth quarter. Hancock Whitney Corp now owns 13,187 shares of the company’s stock valued at $12,243,000 after acquiring an additional 1,444 shares during the period. Hobbs Group Advisors LLC bought a new position in Coca-Cola Consolidated in the fourth quarter valued at about $1,075,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Coca-Cola Consolidated in the first quarter worth about $587,000. Finally, Swiss National Bank raised its holdings in Coca-Cola Consolidated by 9.1% during the 1st quarter. Swiss National Bank now owns 10,765 shares of the company’s stock worth $9,112,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Insider Buying and Selling at Coca-Cola Consolidated

In other news, major shareholder Cola Co Coca sold 598,619 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $925.00, for a total value of $553,722,575.00. Following the completion of the sale, the insider now directly owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $1,295.02 on Thursday. Coca-Cola Consolidated, Inc. has a 1 year low of $614.22 and a 1 year high of $1,376.84. The company’s 50-day moving average is $1,273.45 and its two-hundred day moving average is $1,063.42. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 1.50. The company has a market cap of $12.14 billion, a PE ratio of 26.67 and a beta of 0.82.

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

Coca-Cola Consolidated Increases Dividend

The business also recently disclosed 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 is Friday, October 25th. This is an increase from Coca-Cola Consolidated’s previous dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio is currently 20.59%.

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.