Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stock Holdings Trimmed by Empowered Funds LLC

Empowered Funds LLC lessened its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 58.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,518 shares of the company’s stock after selling 3,605 shares during the period. Empowered Funds LLC’s holdings in Coca-Cola Consolidated were worth $3,173,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Coca-Cola Consolidated during the third quarter worth about $37,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Coca-Cola Consolidated by 1,133.3% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after purchasing an additional 34 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $72,000. Sound Income Strategies LLC lifted its holdings in shares of Coca-Cola Consolidated by 143.3% in the 4th quarter. Sound Income Strategies LLC now owns 73 shares of the company’s stock worth $92,000 after purchasing an additional 43 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in Coca-Cola Consolidated by 16.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 93 shares of the company’s stock valued at $122,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $1,458.46 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm has a market capitalization of $12.78 billion, a PE ratio of 25.38 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 1-year low of $800.76 and a 1-year high of $1,460.92. The business’s fifty day moving average price is $1,301.84 and its two-hundred day moving average price is $1,280.20.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.69%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 17.40%.

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.