James Investment Research Inc. Raises Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

James Investment Research Inc. boosted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 34.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,825 shares of the company’s stock after acquiring an additional 470 shares during the period. James Investment Research Inc.’s holdings in Coca-Cola Consolidated were worth $2,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Newbridge Financial Services Group Inc. acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at $29,000. V Square Quantitative Management LLC acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter valued at $37,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Coca-Cola Consolidated by 1,133.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after acquiring an additional 34 shares in the last quarter. Allworth Financial LP increased its stake in Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after buying an additional 26 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Coca-Cola Consolidated during the 4th quarter worth $52,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $1,408.59 on Friday. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,460.92. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 24.51 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm’s fifty day moving average price is $1,307.02 and its 200 day moving average price is $1,284.49.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 17.40%.

Coca-Cola Consolidated Company 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.