Versor Investments LP Purchases New Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Versor Investments LP bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 531 shares of the company's stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC grew its position in shares of Coca-Cola Consolidated by 50.6% during the 1st quarter. SG Americas Securities LLC now owns 405 shares of the company's stock worth $343,000 after buying an additional 136 shares in the last quarter. Swiss National Bank boosted its stake in Coca-Cola Consolidated by 9.1% in the first quarter. Swiss National Bank now owns 10,765 shares of the company's stock valued at $9,112,000 after acquiring an additional 900 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Coca-Cola Consolidated during the 1st quarter valued at $237,000. Inspire Investing LLC increased its position in Coca-Cola Consolidated by 3.1% during the 1st quarter. Inspire Investing LLC now owns 426 shares of the company's stock valued at $361,000 after buying an additional 13 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Coca-Cola Consolidated by 4.9% in the 1st quarter. ProShare Advisors LLC now owns 1,087 shares of the company's stock valued at $920,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock traded down $15.52 during mid-day trading on Thursday, reaching $1,215.21. The stock had a trading volume of 38,502 shares, compared to its average volume of 51,933. Coca-Cola Consolidated, Inc. has a 1-year low of $686.75 and a 1-year high of $1,376.84. The business's fifty day moving average is $1,263.63 and its 200-day moving average is $1,151.05. 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 firm has a market cap of $10.65 billion, a price-to-earnings ratio of 21.15 and a beta of 0.85.

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

Coca-Cola Consolidated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a dividend of $2.50 per share. This is a positive change from Coca-Cola Consolidated's previous quarterly dividend of $0.25. This represents a $10.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, October 25th. Coca-Cola Consolidated's dividend 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.