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

EMC Capital Management lowered its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 90.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 521 shares of the company's stock after selling 4,672 shares during the period. Coca-Cola Consolidated accounts for 0.4% of EMC Capital Management's investment portfolio, making the stock its 20th biggest position. EMC Capital Management's holdings in Coca-Cola Consolidated were worth $656,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Coca-Cola Consolidated by 1,133.3% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company's stock worth $47,000 after purchasing an additional 34 shares during the last quarter. UMB Bank n.a. raised its stake 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 buying an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Coca-Cola Consolidated in the second quarter worth $62,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $72,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock traded down $8.04 on Monday, reaching $1,359.59. 34,301 shares of the company were exchanged, compared to its average volume of 40,834. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 23.59 and a beta of 0.89. 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's 50-day moving average is $1,289.28 and its two-hundred day moving average is $1,265.43.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, January 24th. 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.