Mezzasalma Advisors LLC Acquires New Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Mezzasalma Advisors LLC bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 449 shares of the company’s stock, valued at approximately $566,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter worth $37,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 acquiring an additional 34 shares in the last quarter. UMB Bank n.a. raised its position in shares of 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 purchasing an additional 13 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $72,000. Finally, Sound Income Strategies LLC grew its position in shares of Coca-Cola Consolidated by 143.3% in the 4th quarter. Sound Income Strategies LLC now owns 73 shares of the company’s stock valued at $92,000 after purchasing an additional 43 shares during the period. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $1,371.57 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,438.50. The business has a 50 day simple moving average of $1,293.59 and a 200 day simple moving average of $1,270.84. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 23.87 and a beta of 0.89.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.73%. 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.