241 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 241 shares of the company's stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COKE. Millennium Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 1,308.6% in the second quarter. Millennium Management LLC now owns 172,788 shares of the company's stock valued at $187,475,000 after purchasing an additional 160,521 shares in the last quarter. State Street Corp lifted its stake in Coca-Cola Consolidated by 18.4% in the 3rd 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 in the last quarter. International Assets Investment Management LLC grew its holdings in Coca-Cola Consolidated by 74,390.2% during the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock valued at $201,021,000 after buying an additional 152,500 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 buying an additional 17,408 shares during the last quarter. Finally, Wallace Capital Management Inc. purchased a new position in Coca-Cola Consolidated during the second quarter worth $90,404,000. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE traded down $24.64 on Friday, hitting $1,290.63. The company had a trading volume of 18,113 shares, compared to its average volume of 42,284. The company has a market cap of $11.31 billion, a PE ratio of 22.45 and a beta of 0.89. The business has a 50 day moving average of $1,274.27 and a 200 day moving average of $1,251.52. 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 current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The business had revenue of $1.77 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, January 24th. Coca-Cola Consolidated's dividend payout ratio (DPR) is 17.40%.

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.