SG Americas Securities LLC Trims Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

SG Americas Securities LLC lowered its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 22.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187 shares of the company’s stock after selling 54 shares during the quarter. SG Americas Securities LLC’s holdings in Coca-Cola Consolidated were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers boosted its position in shares of Coca-Cola Consolidated by 36.6% during the second quarter. Cetera Investment Advisers now owns 1,490 shares of the company’s stock worth $1,617,000 after acquiring an additional 399 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Coca-Cola Consolidated during the second quarter valued at $1,003,000. GAMMA Investing LLC raised its stake in Coca-Cola Consolidated by 39.1% in the third quarter. GAMMA Investing LLC now owns 89 shares of the company’s stock worth $117,000 after buying an additional 25 shares in the last quarter. CWM LLC boosted its position in Coca-Cola Consolidated by 174.3% during the third quarter. CWM LLC now owns 277 shares of the company’s stock valued at $365,000 after purchasing an additional 176 shares in the last quarter. Finally, UMB Bank n.a. raised its stake 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 worth $58,000 after acquiring an additional 13 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Down 1.3 %

COKE stock opened at $1,360.13 on Friday. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,438.50. The firm has a 50 day moving average of $1,292.63 and a 200 day moving average of $1,270.21. 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 stock has a market capitalization of $11.92 billion, a PE ratio of 23.67 and a beta of 0.89.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be given a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.74%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 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.