Aristides Capital LLC Buys Shares of 278 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Aristides Capital LLC acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 278 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Coca-Cola Consolidated by 27.7% during the 1st quarter. BNP Paribas Financial Markets now owns 6,366 shares of the company’s stock valued at $5,388,000 after purchasing an additional 1,380 shares during the last quarter. Hancock Whitney Corp lifted its stake in shares of Coca-Cola Consolidated by 12.3% in the 4th quarter. Hancock Whitney Corp now owns 13,187 shares of the company’s stock valued at $12,243,000 after acquiring an additional 1,444 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at $1,075,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Coca-Cola Consolidated during the 1st quarter worth $587,000. Finally, Swiss National Bank increased its holdings in Coca-Cola Consolidated by 9.1% in the 1st quarter. Swiss National Bank now owns 10,765 shares of the company’s stock worth $9,112,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $1,316.40 on Tuesday. The company has a market capitalization of $12.34 billion, a PE ratio of 27.11 and a beta of 0.82. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $1,265.10 and a two-hundred day moving average price of $1,056.72. Coca-Cola Consolidated, Inc. has a 12 month low of $614.22 and a 12 month high of $1,376.84.

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

Coca-Cola Consolidated Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a $2.50 dividend. This is an increase from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date is Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio is presently 20.59%.

Insider Buying and Selling

In other news, major shareholder Cola Co Coca sold 598,619 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now directly owns 1,883,546 shares in the company, valued at $1,742,280,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Coca-Cola Consolidated Company 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.