VELA Investment Management LLC Boosts Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

VELA Investment Management LLC raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,956 shares of the company’s stock after acquiring an additional 324 shares during the quarter. Coca-Cola Consolidated makes up 1.4% of VELA Investment Management LLC’s portfolio, making the stock its 10th biggest holding. VELA Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $4,985,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings 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 valued at $571,578,000 after acquiring an additional 453,407 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Coca-Cola Consolidated by 2.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,198 shares of the company’s stock valued at $1,509,000 after acquiring an additional 25 shares during the period. Amalgamated Bank lifted its holdings in Coca-Cola Consolidated by 2.2% in the fourth quarter. Amalgamated Bank now owns 2,877 shares of the company’s stock valued at $3,625,000 after acquiring an additional 61 shares during the period. Bank of New York Mellon Corp lifted its holdings in 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 during the period. Finally, IFP Advisors Inc raised its stake in shares of Coca-Cola Consolidated by 3.3% in the fourth quarter. IFP Advisors Inc now owns 1,333 shares of the company’s stock worth $1,683,000 after buying an additional 42 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 2.0 %

NASDAQ COKE opened at $1,398.23 on Friday. The stock’s 50-day moving average price is $1,328.90 and its 200-day moving average price is $1,293.51. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,460.92. The company has a market capitalization of $12.25 billion, a P/E ratio of 20.02 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Thursday, February 20th. The company reported $18.11 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The firm had revenue of $1.75 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 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.