Bleakley Financial Group LLC Purchases Shares of 159 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Bleakley Financial Group LLC acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 159 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Coca-Cola Consolidated in the third quarter valued at approximately $37,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $72,000. Sound Income Strategies LLC raised its stake in Coca-Cola Consolidated by 143.3% in 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. Finally, Sunbelt Securities Inc. grew its holdings in shares of Coca-Cola Consolidated by 16.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 93 shares of the company’s stock worth $122,000 after acquiring an additional 13 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

COKE opened at $1,425.27 on Thursday. The stock has a fifty day simple moving average of $1,301.84 and a two-hundred day simple moving average of $1,280.20. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 24.80 and a beta of 0.89. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. 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 firm also recently announced 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 was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.70%. Coca-Cola Consolidated’s payout ratio is 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.