Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 247 shares of the company’s stock after buying an additional 12 shares during the quarter. CIBC Asset Management Inc’s holdings in Coca-Cola Consolidated were worth $311,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC grew its position in Coca-Cola Consolidated by 1.9% during the 4th quarter. Sanctuary Advisors LLC now owns 986 shares of the company’s stock worth $1,347,000 after purchasing an additional 18 shares during the period. James Investment Research Inc. boosted its stake in shares of Coca-Cola Consolidated by 34.7% in the fourth quarter. James Investment Research Inc. now owns 1,825 shares of the company’s stock worth $2,299,000 after buying an additional 470 shares during the last quarter. Allworth Financial LP grew its holdings in Coca-Cola Consolidated by 260.0% during the fourth quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after acquiring an additional 26 shares during the period. New Mexico Educational Retirement Board grew its holdings in Coca-Cola Consolidated by 33.2% during the fourth quarter. New Mexico Educational Retirement Board now owns 1,199 shares of the company’s stock worth $1,511,000 after acquiring an additional 299 shares during the period. Finally, New York State Teachers Retirement System raised its position in Coca-Cola Consolidated by 2.4% during the fourth quarter. New York State Teachers Retirement System now owns 7,299 shares of the company’s stock valued at $9,197,000 after acquiring an additional 170 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Up 0.6 %

Coca-Cola Consolidated stock opened at $1,390.94 on Tuesday. The firm has a market cap of $12.19 billion, a PE ratio of 19.91 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,460.92. The stock’s 50 day simple moving average is $1,322.88 and its two-hundred day simple moving average is $1,292.03. 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 (NASDAQ:COKE) last announced its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. The firm 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 announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders 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 dividend payout ratio (DPR) is presently 14.32%.

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.