Van ECK Associates Corp Has $3.84 Million Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Van ECK Associates Corp lifted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 40.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,014 shares of the company's stock after acquiring an additional 861 shares during the period. Van ECK Associates Corp's holdings in Coca-Cola Consolidated were worth $3,839,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the third quarter worth approximately $37,000. EntryPoint Capital LLC acquired a new stake in Coca-Cola Consolidated in the first quarter valued at approximately $30,000. UMB Bank n.a. lifted 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 acquiring an additional 13 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $62,000. Finally, GAMMA Investing LLC lifted its stake in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company's stock valued at $69,000 after acquiring an additional 37 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 3.1 %

NASDAQ COKE traded up $36.73 during trading on Friday, reaching $1,224.56. The company's stock had a trading volume of 43,436 shares, compared to its average volume of 39,651. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $10.73 billion, a PE ratio of 21.31 and a beta of 0.85. The business has a 50-day moving average price of $1,270.35 and a 200-day moving average price of $1,144.83. Coca-Cola Consolidated, Inc. has a 1-year low of $668.46 and a 1-year high of $1,376.84.

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

Coca-Cola Consolidated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Coca-Cola Consolidated's previous quarterly dividend of $0.25. The ex-dividend date was Friday, October 25th. Coca-Cola Consolidated's payout ratio is presently 17.40%.

About Coca-Cola Consolidated

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.