New Mexico Educational Retirement Board Grows Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

New Mexico Educational Retirement Board lifted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,199 shares of the company's stock after buying an additional 299 shares during the period. New Mexico Educational Retirement Board's holdings in Coca-Cola Consolidated were worth $1,511,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of COKE. New York State Teachers Retirement System grew its position in Coca-Cola Consolidated by 2.4% in the 4th quarter. New York State Teachers Retirement System now owns 7,299 shares of the company's stock worth $9,197,000 after purchasing an additional 170 shares during the period. Van ECK Associates Corp boosted its stake in shares of Coca-Cola Consolidated by 34.9% in the 4th quarter. Van ECK Associates Corp now owns 4,065 shares of the company's stock worth $5,122,000 after buying an additional 1,051 shares during the last quarter. Mill Creek Capital Advisors LLC grew its holdings in shares of Coca-Cola Consolidated by 16.1% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 202 shares of the company's stock worth $254,000 after acquiring an additional 28 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in Coca-Cola Consolidated during the fourth quarter valued at $52,000. Finally, Tevis Investment Management purchased a new stake in Coca-Cola Consolidated during the fourth quarter valued at $355,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE traded up $32.93 on Thursday, hitting $1,442.65. The stock had a trading volume of 45,283 shares, compared to its average volume of 38,990. The business's 50-day simple moving average is $1,314.88 and its two-hundred day simple moving average is $1,288.38. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 25.11 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,460.92. 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 Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated's payout ratio is 17.40%.

About Coca-Cola Consolidated

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.