Proficio Capital Partners LLC Buys 453,407 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Proficio Capital Partners LLC raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 197,133.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 453,637 shares of the company's stock after buying an additional 453,407 shares during the quarter. Proficio Capital Partners LLC owned about 5.18% of Coca-Cola Consolidated worth $571,578,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Coca-Cola Consolidated during the fourth quarter worth approximately $29,000. Allworth Financial LP lifted its holdings in shares of Coca-Cola Consolidated by 260.0% during the fourth quarter. Allworth Financial LP now owns 36 shares of the company's stock worth $48,000 after buying an additional 26 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted 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 buying an additional 34 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Coca-Cola Consolidated during the fourth quarter worth approximately $52,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Coca-Cola Consolidated during the third quarter worth approximately $72,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock traded up $15.99 during trading hours on Friday, reaching $1,417.12. 73,122 shares of the company's stock were exchanged, compared to its average volume of 40,437. Coca-Cola Consolidated, Inc. has a fifty-two week low of $800.76 and a fifty-two week high of $1,460.92. The stock has a market capitalization of $12.42 billion, a P/E ratio of 20.29 and a beta of 0.89. The business has a fifty day moving average price of $1,336.72 and a 200-day moving average price of $1,295.66. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

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Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $18.11 EPS for the quarter. The business had revenue of $1.75 billion during the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $2.50 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.71%. Coca-Cola Consolidated's payout ratio is 14.32%.

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.