Exchange Traded Concepts LLC Reduces Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Exchange Traded Concepts LLC trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 69.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 557 shares of the company's stock after selling 1,296 shares during the period. Exchange Traded Concepts LLC's holdings in Coca-Cola Consolidated were worth $702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Hsbc Holdings PLC purchased a new position in shares of Coca-Cola Consolidated during the 2nd quarter valued at about $248,000. Sei Investments Co. grew its stake in shares of Coca-Cola Consolidated by 13.6% during the 2nd quarter. Sei Investments Co. now owns 992 shares of the company's stock worth $1,076,000 after purchasing an additional 119 shares during the period. Bank of Montreal Can grew its stake in shares of Coca-Cola Consolidated by 1.8% during the 2nd quarter. Bank of Montreal Can now owns 1,028 shares of the company's stock worth $1,120,000 after purchasing an additional 18 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth approximately $996,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth approximately $588,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of COKE stock traded up $17.25 during mid-day trading on Thursday, hitting $1,370.71. 7,763 shares of the stock were exchanged, compared to its average volume of 40,147. The firm has a fifty day moving average of $1,284.73 and a 200 day moving average of $1,259.96. 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, Inc. has a 52-week low of $800.76 and a 52-week high of $1,438.50. The company has a market cap of $12.01 billion, a PE ratio of 23.92 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results 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 business had revenue of $1.77 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, January 24th. 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.