Inspire Investing LLC Raises Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Inspire Investing LLC increased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 209.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,016 shares of the company’s stock after acquiring an additional 688 shares during the quarter. Inspire Investing LLC’s holdings in Coca-Cola Consolidated were worth $1,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COKE. Signaturefd LLC boosted its position in Coca-Cola Consolidated by 15.3% during the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock worth $74,000 after purchasing an additional 9 shares during the period. UMB Bank n.a. boosted its holdings in Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after buying an additional 13 shares during the period. Cetera Advisors LLC grew its stake in Coca-Cola Consolidated by 3.4% in the 1st quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock valued at $356,000 after buying an additional 14 shares in the last quarter. CWM LLC raised its holdings in Coca-Cola Consolidated by 17.4% during the 2nd quarter. CWM LLC now owns 101 shares of the company’s stock valued at $110,000 after acquiring an additional 15 shares during the period. Finally, Bank of Montreal Can raised its holdings in Coca-Cola Consolidated by 1.8% during the 2nd quarter. Bank of Montreal Can now owns 1,028 shares of the company’s stock valued at $1,120,000 after acquiring an additional 18 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $1,282.91 on Monday. The firm has a market capitalization of $12.03 billion, a P/E ratio of 26.42 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,376.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. The business has a fifty day moving average price of $1,292.81 and a 200-day moving average price of $1,087.34.

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

Coca-Cola Consolidated Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a $2.50 dividend. The ex-dividend date is Friday, October 25th. This is a boost from Coca-Cola Consolidated’s previous dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio is currently 20.59%.

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.