Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 48.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,382 shares of the company's stock after buying an additional 453 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Coca-Cola Consolidated were worth $1,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Coca-Cola Consolidated by 27.7% in the 1st quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company's stock valued at $5,388,000 after buying an additional 1,380 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Coca-Cola Consolidated during the 1st quarter worth about $587,000. Swiss National Bank increased its holdings in Coca-Cola Consolidated by 9.1% during the 1st quarter. Swiss National Bank now owns 10,765 shares of the company's stock worth $9,112,000 after purchasing an additional 900 shares during the period. O Shaughnessy Asset Management LLC raised its position in Coca-Cola Consolidated by 13.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,982 shares of the company's stock valued at $4,217,000 after purchasing an additional 583 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Coca-Cola Consolidated by 3.0% in the 1st quarter. Lazard Asset Management LLC now owns 15,571 shares of the company's stock valued at $13,179,000 after buying an additional 452 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Up 0.8 %

Shares of COKE stock traded up $9.24 during trading hours on Monday, reaching $1,143.62. 61,303 shares of the stock were exchanged, compared to its average volume of 52,416. The business's fifty day moving average is $1,285.22 and its two-hundred day moving average is $1,132.12. The firm has a market capitalization of $10.02 billion, a P/E ratio of 19.74 and a beta of 0.85. Coca-Cola Consolidated, Inc. has a 12-month low of $653.35 and a 12-month high of $1,376.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 1.75.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. The company had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Friday, October 25th. This is a boost from Coca-Cola Consolidated's previous quarterly dividend of $0.25. This represents a $10.00 dividend on an annualized basis and a yield of 0.87%. Coca-Cola Consolidated's dividend payout ratio (DPR) is currently 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.