Squarepoint Ops LLC Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Squarepoint Ops LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 542 shares of the company’s stock, valued at approximately $588,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $30,000. GAMMA Investing LLC increased its position in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock worth $69,000 after buying an additional 37 shares during the period. Signaturefd LLC lifted its stake in Coca-Cola Consolidated by 15.3% in the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after buying an additional 9 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after acquiring an additional 35 shares during the period. Finally, CWM LLC grew its position in shares of 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 acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 1.7 %

COKE stock opened at $1,278.61 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. The firm’s 50-day simple moving average is $1,289.52 and its 200 day simple moving average is $1,078.22. The stock has a market cap of $11.99 billion, a PE ratio of 26.33 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a fifty-two week low of $614.22 and a fifty-two week high of $1,376.84.

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

Coca-Cola Consolidated Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be paid a $2.50 dividend. This is a boost from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date of this dividend is Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio is presently 20.59%.

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.