Measured Wealth Private Client Group LLC Boosts Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Measured Wealth Private Client Group LLC raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 316 shares of the company’s stock after purchasing an additional 19 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Coca-Cola Consolidated were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of COKE. State of Michigan Retirement System boosted its holdings in Coca-Cola Consolidated by 9.1% in the 1st quarter. State of Michigan Retirement System now owns 1,200 shares of the company’s stock valued at $1,016,000 after purchasing an additional 100 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Coca-Cola Consolidated by 36.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 59,665 shares of the company’s stock worth $50,501,000 after purchasing an additional 16,095 shares in the last quarter. OneAscent Wealth Management LLC grew its stake in shares of Coca-Cola Consolidated by 8.0% during the 1st quarter. OneAscent Wealth Management LLC now owns 810 shares of the company’s stock worth $686,000 after purchasing an additional 60 shares during the period. Hennessy Advisors Inc. increased its holdings in shares of Coca-Cola Consolidated by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 37,256 shares of the company’s stock valued at $31,534,000 after purchasing an additional 4,600 shares in the last quarter. Finally, CWM LLC grew its position in Coca-Cola Consolidated by 30.3% during the first quarter. CWM LLC now owns 86 shares of the company’s stock worth $73,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 0.4 %

Shares of COKE opened at $1,105.46 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.47. Coca-Cola Consolidated, Inc. has a 1-year low of $614.22 and a 1-year high of $1,134.49. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 22.76 and a beta of 0.78. The firm has a 50 day simple moving average of $971.61 and a 200-day simple moving average of $899.48.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Monday, May 6th. The company reported $17.31 EPS for the quarter. The business had revenue of $1.59 billion during the quarter. Coca-Cola Consolidated had a return on equity of 42.10% and a net margin of 6.83%.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.18%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 4.12%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 23rd.

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.