Union Bancaire Privee UBP SA 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 SEC. The fund bought 700 shares of the company's stock, valued at approximately $882,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Newbridge Financial Services Group Inc. bought a new position in shares of Coca-Cola Consolidated in the fourth quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Coca-Cola Consolidated by 1,133.3% in 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 during the period. Allworth Financial LP grew its position in Coca-Cola Consolidated by 260.0% in the 4th quarter. Allworth Financial LP now owns 36 shares of the company's stock valued at $48,000 after buying an additional 26 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Coca-Cola Consolidated in the 4th quarter valued at about $52,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $72,000. 48.24% of the stock is owned by institutional investors and hedge funds.
Coca-Cola Consolidated Price Performance
Shares of NASDAQ:COKE traded up $15.99 during trading on Friday, reaching $1,417.12. The company had a trading volume of 73,056 shares, compared to its average volume of 40,436. The firm's fifty day moving average is $1,332.43 and its 200 day moving average is $1,294.24. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The firm has a market capitalization of $12.42 billion, a PE ratio of 20.29 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,460.92.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement
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 dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 annualized dividend and a yield of 0.71%. Coca-Cola Consolidated's dividend payout ratio is currently 14.32%.
Coca-Cola Consolidated Profile
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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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