Mendota Financial Group LLC Sells 49 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Mendota Financial Group LLC cut its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 43.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65 shares of the company’s stock after selling 49 shares during the period. Mendota Financial Group LLC’s holdings in Coca-Cola Consolidated were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new position in Coca-Cola Consolidated in the fourth quarter worth approximately $1,075,000. Wellington Management Group LLP purchased a new stake in Coca-Cola Consolidated in the 4th quarter valued at $6,102,000. HighPoint Advisor Group LLC bought a new position in shares of Coca-Cola Consolidated during the fourth quarter valued at about $16,838,000. CWM LLC grew its position in Coca-Cola Consolidated by 30.3% in the 1st quarter. CWM LLC now owns 86 shares of the company’s stock worth $73,000 after purchasing an additional 20 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its position in shares of Coca-Cola Consolidated by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 37,256 shares of the company’s stock valued at $31,534,000 after acquiring an additional 4,600 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 1.3 %

Shares of COKE stock opened at $1,282.91 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. The firm has a market cap of $11.24 billion, a P/E ratio of 23.72 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a 12-month low of $614.22 and a 12-month high of $1,376.84. The company has a 50 day moving average of $1,292.81 and a 200-day moving average of $1,083.92.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%. The business had revenue of $1.80 billion during the quarter.

Coca-Cola Consolidated Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be given a $2.50 dividend. This is a positive change from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date is Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 3.70%.

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.