ING Groep NV Takes $3.82 Million Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

ING Groep NV purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 3rd quarter, Holdings Channel reports. The fund purchased 2,900 shares of the company’s stock, valued at approximately $3,818,000.

Several other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in 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 acquiring an additional 136 shares during the period. Swiss National Bank grew its stake in shares of Coca-Cola Consolidated by 9.1% during the first quarter. Swiss National Bank now owns 10,765 shares of the company’s stock worth $9,112,000 after purchasing an additional 900 shares during the period. ProShare Advisors LLC increased its holdings in Coca-Cola Consolidated by 4.9% in the first 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. Vanguard Group Inc. lifted its stake in Coca-Cola Consolidated by 5.3% in the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after buying an additional 30,443 shares during the period. Finally, Edgestream Partners L.P. bought a new position in Coca-Cola Consolidated during the first quarter worth about $4,141,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,210.70 on Friday. The stock has a market cap of $10.61 billion, a PE ratio of 21.07 and a beta of 0.85. The stock has a 50-day moving average of $1,258.58 and a 200-day moving average of $1,154.11. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated, Inc. has a one year low of $688.50 and a one year high of $1,376.84.

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

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, October 25th. 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 yield of 0.83%. Coca-Cola Consolidated’s payout ratio is currently 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.