Ieq Capital LLC Makes New Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Ieq Capital LLC acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 340 shares of the company's stock, valued at approximately $429,000.

Several other hedge funds and other institutional investors have also made changes to their positions in COKE. CIBC Asset Management Inc raised its stake in Coca-Cola Consolidated by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 247 shares of the company's stock valued at $311,000 after acquiring an additional 12 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Coca-Cola Consolidated by 16.3% in the third quarter. Sunbelt Securities Inc. now owns 93 shares of the company's stock valued at $122,000 after buying an additional 13 shares during the last quarter. KG&L Capital Management LLC boosted its stake in Coca-Cola Consolidated by 2.0% in the 4th quarter. KG&L Capital Management LLC now owns 720 shares of the company's stock worth $907,000 after buying an additional 14 shares during the last quarter. GAMMA Investing LLC grew its position in Coca-Cola Consolidated by 16.9% during the fourth quarter. GAMMA Investing LLC now owns 104 shares of the company's stock valued at $131,000 after acquiring an additional 15 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in shares of Coca-Cola Consolidated by 1.9% in the 4th quarter. Sanctuary Advisors LLC now owns 986 shares of the company's stock valued at $1,347,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

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Coca-Cola Consolidated Stock Up 1.1 %

Shares of COKE stock traded up $15.99 on Friday, hitting $1,417.12. The stock had a trading volume of 73,122 shares, compared to its average volume of 40,437. The stock's 50 day moving average is $1,336.72 and its 200-day moving average is $1,295.66. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,460.92. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 20.29 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. The company had revenue of $1.75 billion for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.71%. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 14.32%.

Coca-Cola Consolidated Company 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.