Empowered Funds LLC Has $8.06 Million Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Empowered Funds LLC lifted its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 63.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,123 shares of the company's stock after purchasing an additional 2,385 shares during the quarter. Empowered Funds LLC owned 0.07% of Coca-Cola Consolidated worth $8,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. EntryPoint Capital LLC purchased a new position in Coca-Cola Consolidated in the first quarter valued at about $30,000. V Square Quantitative Management LLC bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at approximately $37,000. EverSource Wealth Advisors LLC increased its holdings in Coca-Cola Consolidated by 102.9% in the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company's stock worth $57,000 after buying an additional 35 shares during the last quarter. 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 acquiring an additional 13 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $62,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 0.4 %

COKE stock traded down $4.51 during trading hours on Friday, hitting $1,210.70. The company's stock had a trading volume of 43,615 shares, compared to its average volume of 51,896. The stock has a 50 day moving average price of $1,258.58 and a two-hundred day moving average price of $1,156.40. Coca-Cola Consolidated, Inc. has a 12 month low of $688.50 and a 12 month high of $1,376.84. The company has a market capitalization of $10.61 billion, a PE ratio of 21.07 and a beta of 0.85. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

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

Coca-Cola Consolidated Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a $2.50 dividend. This is a positive change from Coca-Cola Consolidated's previous quarterly dividend of $0.25. This represents a $10.00 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, October 25th. Coca-Cola Consolidated's payout ratio 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.