Van ECK Associates Corp Has $5.12 Million Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Van ECK Associates Corp increased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,065 shares of the company's stock after purchasing an additional 1,051 shares during the period. Van ECK Associates Corp's holdings in Coca-Cola Consolidated were worth $5,122,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of COKE. International Assets Investment Management LLC raised its stake in shares of Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock valued at $201,021,000 after buying an additional 152,500 shares in the last quarter. State Street Corp raised its position in Coca-Cola Consolidated by 18.4% in the third quarter. State Street Corp now owns 172,409 shares of the company's stock worth $226,959,000 after purchasing an additional 26,752 shares in the last quarter. Geode Capital Management LLC lifted its stake in Coca-Cola Consolidated by 16.3% during the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company's stock worth $163,868,000 after purchasing an additional 17,408 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 purchasing an additional 12,393 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Coca-Cola Consolidated by 133.5% in the 3rd quarter. Franklin Resources Inc. now owns 9,480 shares of the company's stock valued at $12,339,000 after purchasing an additional 5,420 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of Coca-Cola Consolidated stock traded down $59.79 during midday trading on Friday, hitting $1,382.86. 67,595 shares of the company were exchanged, compared to its average volume of 39,747. The firm has a 50 day simple moving average of $1,318.12 and a 200-day simple moving average of $1,289.45. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm has a market cap of $12.11 billion, a P/E ratio of 24.07 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,460.92.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%. The company had revenue of $1.75 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.72%. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 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.