Pacer Advisors Inc. Buys 320 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Pacer Advisors Inc. grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 19.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,940 shares of the company's stock after acquiring an additional 320 shares during the quarter. Pacer Advisors Inc.'s holdings in Coca-Cola Consolidated were worth $2,444,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Coca-Cola Consolidated by 1,133.3% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company's stock worth $47,000 after acquiring an additional 34 shares during the period. UMB Bank n.a. lifted its position in Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company's stock valued at $58,000 after acquiring an additional 13 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Coca-Cola Consolidated in the 3rd quarter valued at $72,000. Finally, Sound Income Strategies LLC boosted its stake in Coca-Cola Consolidated by 143.3% in the 4th quarter. Sound Income Strategies LLC now owns 73 shares of the company's stock worth $92,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Up 1.7 %

Shares of COKE traded up $23.79 during midday trading on Tuesday, hitting $1,385.25. The stock had a trading volume of 36,863 shares, compared to its average volume of 41,139. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 24.11 and a beta of 0.89. The company has a 50 day simple moving average of $1,291.32 and a two-hundred day simple moving average of $1,269.46. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,438.50. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, January 24th. 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.