U.S. Capital Wealth Advisors LLC Buys New Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

U.S. Capital Wealth Advisors LLC acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,610 shares of the company's stock, valued at approximately $3,289,000.

A number of other hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of Coca-Cola Consolidated during the third quarter valued at $37,000. E Fund Management Hong Kong Co. Ltd. raised its stake 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 buying an additional 34 shares in the last quarter. UMB Bank n.a. lifted its holdings in Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company's stock worth $58,000 after buying an additional 13 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at $72,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Coca-Cola Consolidated by 143.3% during the 4th quarter. Sound Income Strategies LLC now owns 73 shares of the company's stock worth $92,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Down 1.3 %

Coca-Cola Consolidated stock traded down $17.63 during trading hours on Thursday, reaching $1,360.13. The stock had a trading volume of 31,689 shares, compared to its average volume of 40,774. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 23.67 and a beta of 0.89. The business's 50 day moving average price is $1,292.63 and its 200-day moving average price is $1,270.21. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,438.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

Coca-Cola Consolidated Dividend Announcement

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 given a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.74%. Coca-Cola Consolidated's payout ratio is 17.40%.

Coca-Cola Consolidated 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.