Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,385 shares of the company's stock after selling 334 shares during the period. Ritholtz Wealth Management's holdings in Coca-Cola Consolidated were worth $3,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of COKE. V Square Quantitative Management LLC acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth about $37,000. UMB Bank n.a. raised its position in shares of Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company's stock worth $58,000 after purchasing an additional 13 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth about $62,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth about $72,000. Finally, Hollencrest Capital Management raised its position in shares of Coca-Cola Consolidated by 119.0% during the 2nd quarter. Hollencrest Capital Management now owns 92 shares of the company's stock worth $100,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Price Performance

Shares of COKE traded up $49.54 during mid-day trading on Friday, hitting $1,386.37. 105,103 shares of the company were exchanged, compared to its average volume of 31,206. Coca-Cola Consolidated, Inc. has a 1-year low of $800.76 and a 1-year 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 company has a 50 day moving average of $1,266.44 and a 200-day moving average of $1,245.80. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 24.13 and a beta of 0.89.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a $2.50 dividend. The ex-dividend date is Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.72%. Coca-Cola Consolidated's payout ratio is 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.