Tevis Investment Management bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 282 shares of the company's stock, valued at approximately $355,000.
Several other large investors also recently modified their holdings of COKE. Newbridge Financial Services Group Inc. purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter valued at $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $37,000. E Fund Management Hong Kong Co. Ltd. grew 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 purchasing an additional 34 shares in the last quarter. UMB Bank n.a. raised its stake in Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company's stock valued at $58,000 after purchasing an additional 13 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Coca-Cola Consolidated in the 3rd quarter worth approximately $72,000. Hedge funds and other institutional investors own 48.24% of the company's stock.
Coca-Cola Consolidated Price Performance
Shares of Coca-Cola Consolidated stock traded up $9.87 on Wednesday, hitting $1,425.27. 26,873 shares of the company traded hands, compared to its average volume of 39,120. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,438.50. The firm's 50-day simple moving average is $1,301.84 and its 200 day simple moving average is $1,280.20. The company has a market cap of $12.49 billion, a P/E ratio of 24.80 and a beta of 0.89. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.
Coca-Cola Consolidated Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.70%. Coca-Cola Consolidated's dividend payout ratio is 17.40%.
About Coca-Cola Consolidated
(
Free Report)
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.
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