Robeco Institutional Asset Management B.V. Purchases Shares of 988 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Robeco Institutional Asset Management B.V. acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 988 shares of the company's stock, valued at approximately $1,245,000.

A number of other large investors have also bought and sold shares of COKE. V Square Quantitative Management LLC bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Coca-Cola Consolidated by 1,133.3% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company's stock valued at $47,000 after buying an additional 34 shares in the last quarter. UMB Bank n.a. grew its stake in Coca-Cola Consolidated by 41.9% during the third 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 during the third quarter valued at $72,000. Finally, Sound Income Strategies LLC raised its stake in Coca-Cola Consolidated by 143.3% in the fourth quarter. Sound Income Strategies LLC now owns 73 shares of the company's stock valued at $92,000 after purchasing an additional 43 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Up 0.8 %

Shares of NASDAQ COKE traded up $11.44 on Friday, reaching $1,371.57. 22,551 shares of the company's stock traded hands, compared to its average volume of 40,046. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,438.50. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 23.87 and a beta of 0.89. The business's 50 day simple moving average is $1,293.59 and its two-hundred day simple moving average is $1,270.84.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, January 24th. Coca-Cola Consolidated's dividend payout ratio is currently 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.