Mezzasalma Advisors LLC purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 449 shares of the company's stock, valued at approximately $566,000.
A number of other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Coca-Cola Consolidated by 41.9% during the 3rd 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. Sunbelt Securities Inc. lifted its position in shares of Coca-Cola Consolidated by 16.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 93 shares of the company's stock valued at $122,000 after buying an additional 13 shares in the last quarter. KG&L Capital Management LLC lifted its holdings 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 purchasing an additional 14 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Coca-Cola Consolidated by 16.9% in the 4th quarter. GAMMA Investing LLC now owns 104 shares of the company's stock worth $131,000 after purchasing an additional 15 shares in the last quarter. Finally, Summit Global Investments lifted its holdings in Coca-Cola Consolidated by 1.9% in the 3rd quarter. Summit Global Investments now owns 1,414 shares of the company's stock worth $1,861,000 after purchasing an additional 27 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.
Coca-Cola Consolidated Price Performance
NASDAQ COKE traded up $9.87 during trading hours on Wednesday, reaching $1,425.27. The company's stock had a trading volume of 26,873 shares, compared to its average volume of 39,120. The firm's 50-day moving average price is $1,301.84 and its 200-day moving average price is $1,280.20. 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 1 year low of $800.76 and a 1 year high of $1,438.50. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 24.80 and a beta of 0.89.
Coca-Cola Consolidated Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.70%. Coca-Cola Consolidated's dividend payout ratio is presently 17.40%.
About Coca-Cola Consolidated
(
Free Report)
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.
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