Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Bought by VELA Investment Management LLC

VELA Investment Management LLC increased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,956 shares of the company's stock after buying an additional 324 shares during the quarter. Coca-Cola Consolidated comprises approximately 1.4% of VELA Investment Management LLC's holdings, making the stock its 10th largest holding. VELA Investment Management LLC's holdings in Coca-Cola Consolidated were worth $4,985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in Coca-Cola Consolidated by 197,133.5% in the fourth quarter. Proficio Capital Partners LLC now owns 453,637 shares of the company's stock worth $571,578,000 after purchasing an additional 453,407 shares in the last quarter. State Street Corp grew its position in shares of Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company's stock worth $226,959,000 after buying an additional 26,752 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Coca-Cola Consolidated by 16.3% during the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company's stock valued at $163,868,000 after buying an additional 17,408 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Coca-Cola Consolidated by 15.9% in the fourth quarter. Bank of New York Mellon Corp now owns 58,267 shares of the company's stock valued at $73,415,000 after acquiring an additional 7,987 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Coca-Cola Consolidated by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company's stock worth $25,239,000 after acquiring an additional 1,453 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

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Coca-Cola Consolidated Stock Down 5.1 %

NASDAQ COKE traded down $72.36 during trading on Tuesday, reaching $1,334.79. 43,574 shares of the company's stock traded hands, compared to its average volume of 41,300. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 19.31 and a beta of 0.89. The company's 50 day simple moving average is $1,341.10 and its two-hundred day simple moving average is $1,296.89. 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, Inc. has a 12-month low of $800.76 and a 12-month 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 for the quarter. The company had revenue of $1.75 billion for 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.75%. Coca-Cola Consolidated's dividend payout ratio is presently 14.32%.

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.