ING Groep NV Purchases New Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

ING Groep NV purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,900 shares of the company's stock, valued at approximately $3,818,000.

A number of other institutional investors also recently made changes to their positions in the stock. KBC Group NV grew its holdings in shares of Coca-Cola Consolidated by 87.4% during the third quarter. KBC Group NV now owns 268 shares of the company's stock worth $353,000 after buying an additional 125 shares in the last quarter. ROI Financial Advisors LLC grew its stake in Coca-Cola Consolidated by 66.7% in the 3rd quarter. ROI Financial Advisors LLC now owns 360 shares of the company's stock worth $474,000 after acquiring an additional 144 shares during the period. D Orazio & Associates Inc. purchased a new stake in Coca-Cola Consolidated in the 3rd quarter worth approximately $204,000. Oppenheimer & Co. Inc. acquired a new position in Coca-Cola Consolidated in the 3rd quarter valued at $421,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Coca-Cola Consolidated by 105.6% during the 3rd quarter. Victory Capital Management Inc. now owns 8,142 shares of the company's stock worth $10,718,000 after purchasing an additional 4,181 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Down 0.4 %

Shares of NASDAQ:COKE traded down $4.51 during midday trading on Friday, reaching $1,210.70. The company's stock had a trading volume of 43,615 shares, compared to its average volume of 51,896. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 21.07 and a beta of 0.85. The business has a 50 day moving average price of $1,258.58 and a 200 day moving average price of $1,154.11. Coca-Cola Consolidated, Inc. has a 1 year low of $688.50 and a 1 year high of $1,376.84. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The company had revenue of $1.77 billion during the quarter.

Coca-Cola Consolidated Increases Dividend

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