Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 58.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,518 shares of the company's stock after selling 3,605 shares during the period. Empowered Funds LLC's holdings in Coca-Cola Consolidated were worth $3,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in COKE. V Square Quantitative Management LLC purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Coca-Cola Consolidated by 1,133.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company's stock worth $47,000 after buying an additional 34 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $72,000. Sound Income Strategies LLC raised its stake in shares of Coca-Cola Consolidated by 143.3% during the 4th quarter. Sound Income Strategies LLC now owns 73 shares of the company's stock worth $92,000 after buying an additional 43 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Coca-Cola Consolidated by 16.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 93 shares of the company's stock worth $122,000 after acquiring an additional 13 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

Shares of COKE traded down $49.87 on Monday, reaching $1,408.59. The stock had a trading volume of 46,660 shares, compared to its average volume of 37,402. The firm has a market capitalization of $12.34 billion, a PE ratio of 24.51 and a beta of 0.89. 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 firm has a 50-day moving average of $1,309.65 and a 200 day moving average of $1,286.65. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,460.92.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 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.