393 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by Almanack Investment Partners LLC.

Almanack Investment Partners LLC. bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 393 shares of the company's stock, valued at approximately $495,000.

A number of other hedge funds also recently made changes to their positions in COKE. Cetera Investment Advisers lifted its position in shares of Coca-Cola Consolidated by 36.6% in the second quarter. Cetera Investment Advisers now owns 1,490 shares of the company's stock worth $1,617,000 after buying an additional 399 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Coca-Cola Consolidated during the second quarter valued at approximately $1,003,000. GAMMA Investing LLC raised its position in Coca-Cola Consolidated by 39.1% during the third quarter. GAMMA Investing LLC now owns 89 shares of the company's stock valued at $117,000 after purchasing an additional 25 shares during the period. CWM LLC raised its position in Coca-Cola Consolidated by 174.3% during the third quarter. CWM LLC now owns 277 shares of the company's stock valued at $365,000 after purchasing an additional 176 shares during the period. Finally, UMB Bank n.a. raised its position in Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company's stock valued at $58,000 after purchasing an additional 13 shares during the period. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Up 0.7 %

COKE stock traded up $9.87 during midday trading on Wednesday, reaching $1,425.27. 26,873 shares of the company traded hands, compared to its average volume of 39,120. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,438.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The business has a 50 day moving average of $1,301.84 and a 200-day moving average of $1,280.20. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 24.80 and a beta of 0.89.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.70%. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 17.40%.

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.