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

Meritage Portfolio Management increased its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 743 shares of the company’s stock after purchasing an additional 15 shares during the quarter. Meritage Portfolio Management’s holdings in Coca-Cola Consolidated were worth $690,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. purchased a new position in Coca-Cola Consolidated during the third quarter worth $38,000. Fifth Third Bancorp increased its position in Coca-Cola Consolidated by 163.0% during the third quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after buying an additional 44 shares in the last quarter. Sunbelt Securities Inc. increased its position in Coca-Cola Consolidated by 100.0% during the third quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock worth $47,000 after buying an additional 37 shares in the last quarter. CWM LLC increased its position in Coca-Cola Consolidated by 22.2% during the fourth quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after buying an additional 12 shares in the last quarter. Finally, Covestor Ltd increased its position in Coca-Cola Consolidated by 40.4% during the third quarter. Covestor Ltd now owns 132 shares of the company’s stock worth $85,000 after buying an additional 38 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 0.9 %

Shares of COKE traded down $7.23 during midday trading on Friday, reaching $823.75. 17,994 shares of the company were exchanged, compared to its average volume of 44,851. The stock has a 50-day moving average price of $832.57 and a 200-day moving average price of $804.17. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 19.12 and a beta of 0.74. Coca-Cola Consolidated, Inc. has a 1-year low of $563.38 and a 1-year high of $961.91. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, February 21st. The company reported $13.39 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%. The business had revenue of $1.63 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 4.60%.

Analyst Ratings Changes

Separately, StockNews.com raised Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd.

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.