Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Acquired by Hancock Whitney Corp

Hancock Whitney Corp boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,211 shares of the company’s stock after purchasing an additional 18 shares during the period. Hancock Whitney Corp owned approximately 0.14% of Coca-Cola Consolidated worth $14,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in shares of Coca-Cola Consolidated in the fourth quarter worth about $381,000. Vanguard Personalized Indexing Management LLC increased its holdings in Coca-Cola Consolidated by 20.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 572 shares of the company’s stock worth $531,000 after purchasing an additional 98 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Coca-Cola Consolidated by 98.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,326 shares of the company’s stock valued at $2,160,000 after purchasing an additional 1,153 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter valued at approximately $201,000. Finally, UBS Group AG grew its position in shares of Coca-Cola Consolidated by 56.2% during the fourth quarter. UBS Group AG now owns 8,535 shares of the company’s stock worth $7,924,000 after buying an additional 3,070 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 0.2 %

COKE opened at $1,264.25 on Friday. Coca-Cola Consolidated, Inc. has a 12-month low of $614.22 and a 12-month high of $1,376.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. The stock has a market capitalization of $11.85 billion, a PE ratio of 26.03 and a beta of 0.82. The firm’s fifty day moving average price is $1,243.22 and its 200 day moving average price is $1,037.07.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The business had revenue of $1.80 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Friday, July 26th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 20.59%.

Insider Transactions at Coca-Cola Consolidated

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $925.00, for a total value of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

About Coca-Cola Consolidated

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.