KBC Group NV Reduces Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

KBC Group NV reduced its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199 shares of the company’s stock after selling 69 shares during the period. KBC Group NV’s holdings in Coca-Cola Consolidated were worth $251,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Coca-Cola Consolidated in the 3rd quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Coca-Cola Consolidated by 1,133.3% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after acquiring an additional 34 shares during the period. UMB Bank n.a. raised its stake in shares of Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after buying an additional 13 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $72,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Coca-Cola Consolidated by 143.3% during the fourth quarter. Sound Income Strategies LLC now owns 73 shares of the company’s stock worth $92,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 0.5 %

Shares of NASDAQ COKE opened at $1,361.46 on Tuesday. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The firm’s 50-day simple moving average is $1,290.52 and its 200 day simple moving average is $1,267.35. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,438.50. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 23.69 and a beta of 0.89.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 17.40%.

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.