700 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 700 shares of the company's stock, valued at approximately $882,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COKE. International Assets Investment Management LLC grew its holdings in Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock worth $201,021,000 after purchasing an additional 152,500 shares during the period. Wallace Capital Management Inc. bought a new position in Coca-Cola Consolidated during the 2nd quarter valued at approximately $90,404,000. State Street Corp raised its stake in Coca-Cola Consolidated by 18.4% during the third quarter. State Street Corp now owns 172,409 shares of the company's stock valued at $226,959,000 after buying an additional 26,752 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Coca-Cola Consolidated by 16.3% in the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company's stock worth $163,868,000 after acquiring an additional 17,408 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Coca-Cola Consolidated by 151.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company's stock valued at $27,113,000 after acquiring an additional 12,393 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Up 1.2 %

NASDAQ:COKE traded up $15.30 on Tuesday, reaching $1,335.82. 32,884 shares of the stock traded hands, compared to its average volume of 42,063. The company's fifty day simple moving average is $1,280.17 and its 200 day simple moving average is $1,257.52. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 23.25 and a beta of 0.89. 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 current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. The company had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated Dividend Announcement

The firm 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 $2.50 dividend. The ex-dividend date is Friday, January 24th. This represents a $10.00 annualized dividend and a yield of 0.75%. Coca-Cola Consolidated's payout ratio is presently 17.40%.

Coca-Cola Consolidated Company 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.