Lansing Street Advisors Purchases New Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Lansing Street Advisors acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 167 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently added to or reduced their stakes in COKE. James Investment Research Inc. boosted its holdings in shares of Coca-Cola Consolidated by 34.7% in the 4th quarter. James Investment Research Inc. now owns 1,825 shares of the company’s stock worth $2,299,000 after acquiring an additional 470 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Coca-Cola Consolidated by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock valued at $25,239,000 after buying an additional 1,453 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Coca-Cola Consolidated by 8.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock valued at $7,818,000 after buying an additional 474 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at $1,022,000. Finally, Dorsey Wright & Associates bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at $1,468,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

COKE opened at $1,382.86 on Friday. The stock has a market cap of $12.11 billion, a P/E ratio of 19.80 and a beta of 0.89. 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 12 month low of $800.76 and a 12 month high of $1,460.92. The company has a fifty day simple moving average of $1,320.38 and a 200 day simple moving average of $1,290.84.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. The firm had revenue of $1.75 billion during the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated’s payout ratio is presently 14.32%.

Coca-Cola Consolidated Company 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.