Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by IFP Advisors Inc

IFP Advisors Inc raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,333 shares of the company’s stock after buying an additional 42 shares during the period. IFP Advisors Inc’s holdings in Coca-Cola Consolidated were worth $1,683,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its holdings in Coca-Cola Consolidated by 23.1% in the third quarter. Louisiana State Employees Retirement System now owns 1,600 shares of the company’s stock valued at $2,106,000 after purchasing an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Coca-Cola Consolidated by 48.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,382 shares of the company’s stock worth $1,819,000 after purchasing an additional 453 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Coca-Cola Consolidated by 4.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,968 shares of the company’s stock valued at $5,222,000 after purchasing an additional 175 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Coca-Cola Consolidated by 15.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 238 shares of the company’s stock valued at $313,000 after buying an additional 32 shares during the last quarter. Finally, Pacific Sage Partners LLC acquired a new stake in shares of Coca-Cola Consolidated during the third quarter worth approximately $211,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 1.6 %

Shares of NASDAQ:COKE opened at $1,370.73 on Thursday. The firm has a market cap of $12.01 billion, a PE ratio of 19.62 and a beta of 0.89. The company has a fifty day simple moving average of $1,328.90 and a 200 day simple moving average of $1,293.51. The company has a current ratio of 2.47, a quick ratio of 2.15 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.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. The company 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 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. This represents a $10.00 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 14.32%.

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.