International Assets Investment Management LLC Purchases 152,500 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

International Assets Investment Management LLC increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 74,390.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,705 shares of the company's stock after acquiring an additional 152,500 shares during the quarter. International Assets Investment Management LLC owned approximately 1.63% of Coca-Cola Consolidated worth $201,021,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Signaturefd LLC grew its position in shares of Coca-Cola Consolidated by 15.3% during the 2nd quarter. Signaturefd LLC now owns 68 shares of the company's stock valued at $74,000 after acquiring an additional 9 shares during the period. Inspire Investing LLC increased its position in Coca-Cola Consolidated by 3.1% in the first quarter. Inspire Investing LLC now owns 426 shares of the company's stock worth $361,000 after buying an additional 13 shares during the last quarter. UMB Bank n.a. increased its position in Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company's stock worth $58,000 after buying an additional 13 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of Coca-Cola Consolidated by 3.4% in the first quarter. Cetera Advisors LLC now owns 420 shares of the company's stock valued at $356,000 after buying an additional 14 shares during the period. Finally, CWM LLC lifted its position in shares of Coca-Cola Consolidated by 17.4% during the 2nd quarter. CWM LLC now owns 101 shares of the company's stock valued at $110,000 after buying an additional 15 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

COKE traded down $14.91 during trading hours on Friday, hitting $1,248.85. The stock had a trading volume of 29,750 shares, compared to its average volume of 52,329. Coca-Cola Consolidated, Inc. has a 1 year low of $628.00 and a 1 year high of $1,376.84. The company's fifty day simple moving average is $1,298.88 and its 200 day simple moving average is $1,112.36. The stock has a market cap of $11.71 billion, a PE ratio of 26.02 and a beta of 0.82. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. The firm had revenue of $1.80 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%.

Coca-Cola Consolidated Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be given a dividend of $2.50 per share. The ex-dividend date is Friday, October 25th. This represents a $10.00 annualized dividend and a dividend yield of 0.80%. This is an increase from Coca-Cola Consolidated's previous quarterly dividend of $0.25. Coca-Cola Consolidated's dividend payout ratio is currently 20.59%.

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.