Van ECK Associates Corp Acquires 1,051 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Van ECK Associates Corp increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 34.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,065 shares of the company’s stock after acquiring an additional 1,051 shares during the quarter. Van ECK Associates Corp’s holdings in Coca-Cola Consolidated were worth $5,122,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Coca-Cola Consolidated by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock valued at $25,239,000 after purchasing an additional 1,453 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 8.7% during the third quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock worth $7,818,000 after buying an additional 474 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after acquiring an additional 152,500 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Coca-Cola Consolidated in the third quarter valued at about $1,022,000. Finally, Dorsey Wright & Associates bought a new position in Coca-Cola Consolidated during the third quarter worth about $1,468,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

COKE stock opened at $1,398.32 on Wednesday. The company’s 50-day moving average price is $1,309.65 and its two-hundred day moving average price is $1,286.65. The firm has a market cap of $12.25 billion, a P/E ratio of 24.34 and a beta of 0.89. The company has a quick ratio of 2.15, a current ratio of 2.47 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 $1,460.92.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were given 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 0.72%. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

Coca-Cola Consolidated Company 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.