OneAscent Wealth Management LLC Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

OneAscent Wealth Management LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 813 shares of the company's stock, valued at approximately $1,070,000. Coca-Cola Consolidated accounts for 0.4% of OneAscent Wealth Management LLC's portfolio, making the stock its 22nd largest position.

Other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in shares of Coca-Cola Consolidated by 13.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,982 shares of the company's stock worth $4,217,000 after purchasing an additional 583 shares during the period. Lazard Asset Management LLC increased its stake in shares of Coca-Cola Consolidated by 3.0% in the first 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. International Assets Investment Management LLC lifted its position in shares of Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock worth $201,021,000 after purchasing an additional 152,500 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Coca-Cola Consolidated by 88.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company's stock valued at $121,689,000 after acquiring an additional 52,491 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Coca-Cola Consolidated in the first quarter worth approximately $30,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 0.1 %

Shares of COKE stock traded down $1.45 on Monday, reaching $1,209.25. 30,455 shares of the company were exchanged, compared to its average volume of 51,800. The company has a 50-day moving average of $1,258.58 and a 200-day moving average of $1,158.70. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 21.08 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated, Inc. has a one year low of $705.50 and a one year high of $1,376.84.

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

Coca-Cola Consolidated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a dividend of $2.50 per share. The ex-dividend date was Friday, October 25th. This represents a $10.00 annualized dividend and a dividend yield of 0.83%. This is a boost from Coca-Cola Consolidated's previous quarterly dividend of $0.25. Coca-Cola Consolidated's dividend payout ratio (DPR) is currently 17.40%.

Coca-Cola Consolidated Company 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.