Coca-Cola Consolidated, Inc. (NASDAQ:COKE) is Navellier & Associates Inc.’s 6th Largest Position

Navellier & Associates Inc. raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 67.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,885 shares of the company’s stock after purchasing an additional 5,976 shares during the quarter. Coca-Cola Consolidated accounts for approximately 2.2% of Navellier & Associates Inc.’s investment portfolio, making the stock its 6th biggest holding. Navellier & Associates Inc. owned 0.17% of Coca-Cola Consolidated worth $18,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after purchasing an additional 26,752 shares in the last quarter. International Assets Investment Management LLC grew its position in Coca-Cola Consolidated by 74,390.2% during the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after buying an additional 152,500 shares during the period. Geode Capital Management LLC increased its holdings in Coca-Cola Consolidated by 16.3% in the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock valued at $163,868,000 after buying an additional 17,408 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Coca-Cola Consolidated by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after acquiring an additional 1,453 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Coca-Cola Consolidated by 1.6% during the 3rd quarter. Natixis Advisors LLC now owns 15,792 shares of the company’s stock worth $20,788,000 after acquiring an additional 254 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $1,382.86 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,460.92. The stock’s 50-day moving average price is $1,320.38 and its 200-day moving average price is $1,290.61. The stock has a market capitalization of $12.11 billion, a PE ratio of 24.07 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Thursday, February 20th. The company reported $18.11 EPS for the quarter. The company had revenue of $1.75 billion for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s payout ratio 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.