Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Acquired by Cwm LLC

Cwm LLC increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 174.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277 shares of the company’s stock after purchasing an additional 176 shares during the quarter. Cwm LLC’s holdings in Coca-Cola Consolidated were worth $365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COKE. Millennium Management LLC increased its position in shares of Coca-Cola Consolidated by 1,308.6% during the second quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after purchasing an additional 160,521 shares in the last quarter. Wallace Capital Management Inc. acquired a new position in shares of Coca-Cola Consolidated in the 2nd quarter valued at $90,404,000. Vaughan Nelson Investment Management L.P. raised its position in Coca-Cola Consolidated by 88.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock valued at $121,689,000 after purchasing an additional 52,491 shares during the last quarter. Vanguard Group Inc. boosted its stake in Coca-Cola Consolidated by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after purchasing an additional 30,443 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in Coca-Cola Consolidated by 1,271.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 32,067 shares of the company’s stock worth $34,793,000 after purchasing an additional 29,728 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Down 1.4 %

NASDAQ COKE opened at $1,287.48 on Monday. The firm’s fifty day moving average is $1,298.07 and its two-hundred day moving average is $1,103.89. Coca-Cola Consolidated, Inc. has a one year low of $621.18 and a one year high of $1,376.84. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97. The firm has a market cap of $12.07 billion, a PE ratio of 26.51 and a beta of 0.82.

Coca-Cola Consolidated (NASDAQ:COKE) last issued 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 firm had revenue of $1.80 billion for the quarter.

Coca-Cola Consolidated Increases Dividend

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