Foundations Investment Advisors LLC Buys New Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Foundations Investment Advisors LLC purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 173 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds also recently bought and sold shares of COKE. JPMorgan Chase & Co. grew its position in shares of Coca-Cola Consolidated by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after buying an additional 1,453 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Coca-Cola Consolidated by 8.7% in the third quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock worth $7,818,000 after acquiring an additional 474 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Coca-Cola Consolidated by 74,390.2% during the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after acquiring an additional 152,500 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at approximately $1,022,000. Finally, Dorsey Wright & Associates acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at $1,468,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,367.62 on Friday. The company has a market cap of $11.98 billion, a P/E ratio of 23.80 and a beta of 0.89. The firm has a fifty day moving average price of $1,289.28 and a 200 day moving average price of $1,262.79. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,438.50.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) 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.