Sanctuary Advisors LLC Purchases 18 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Sanctuary Advisors LLC increased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 986 shares of the company’s stock after purchasing an additional 18 shares during the period. Sanctuary Advisors LLC’s holdings in Coca-Cola Consolidated were worth $1,347,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of COKE. Sunbelt Securities Inc. increased its holdings in 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 purchasing an additional 13 shares in the last quarter. KG&L Capital Management LLC boosted its position in shares of Coca-Cola Consolidated by 2.0% during the fourth quarter. KG&L Capital Management LLC now owns 720 shares of the company’s stock valued at $907,000 after buying an additional 14 shares during the last quarter. GAMMA Investing LLC grew its holdings in Coca-Cola Consolidated by 16.9% during the fourth quarter. GAMMA Investing LLC now owns 104 shares of the company’s stock worth $131,000 after buying an additional 15 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Coca-Cola Consolidated in the 4th quarter valued at $29,000. Finally, Allworth Financial LP lifted its stake in Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company’s stock valued at $48,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,393.24 on Wednesday. The company has a fifty day moving average price of $1,325.71 and a 200-day moving average price of $1,292.97. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 19.95 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated, Inc. has a 1 year low of $800.76 and a 1 year high of $1,460.92.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. The business had revenue of $1.75 billion for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared 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. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated’s payout ratio is 14.32%.

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.