Yousif Capital Management LLC Reduces Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Yousif Capital Management LLC lessened its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 4.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,455 shares of the company’s stock after selling 75 shares during the period. Yousif Capital Management LLC’s holdings in Coca-Cola Consolidated were worth $1,833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of COKE. Cetera Investment Advisers lifted its position in Coca-Cola Consolidated by 36.6% in the second quarter. Cetera Investment Advisers now owns 1,490 shares of the company’s stock valued at $1,617,000 after purchasing an additional 399 shares during the last quarter. CWM LLC boosted its holdings in Coca-Cola Consolidated by 174.3% in the third quarter. CWM LLC now owns 277 shares of the company’s stock worth $365,000 after purchasing an additional 176 shares during the last quarter. UMB Bank n.a. increased its position in shares of Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after purchasing an additional 13 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Coca-Cola Consolidated by 111.8% during the third quarter. Exchange Traded Concepts LLC now owns 1,853 shares of the company’s stock valued at $2,439,000 after purchasing an additional 978 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Coca-Cola Consolidated by 1.9% in the third quarter. Creative Planning now owns 2,535 shares of the company’s stock worth $3,338,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $1,415.40 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $12.40 billion, a P/E ratio of 24.63 and a beta of 0.89. The stock has a 50-day moving average price of $1,299.02 and a 200 day moving average price of $1,279.18. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,438.50.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.71%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 17.40%.

Coca-Cola Consolidated 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.