Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stock Position Reduced by Warther Private Wealth LLC

Warther Private Wealth LLC decreased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 36.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 272 shares of the company’s stock after selling 155 shares during the quarter. Warther Private Wealth LLC’s holdings in Coca-Cola Consolidated were worth $343,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of COKE. Mill Creek Capital Advisors LLC grew its position in shares of Coca-Cola Consolidated by 16.1% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 202 shares of the company’s stock valued at $254,000 after purchasing an additional 28 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Coca-Cola Consolidated in the 4th quarter valued at $52,000. Tevis Investment Management bought a new position in shares of Coca-Cola Consolidated during the 4th quarter worth about $355,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at about $29,000. Finally, Almanack Investment Partners LLC. bought a new stake in Coca-Cola Consolidated in the fourth quarter valued at about $495,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 0.9 %

COKE stock opened at $1,415.40 on Wednesday. The firm has a market cap of $12.40 billion, a P/E ratio of 24.63 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 1-year low of $800.76 and a 1-year high of $1,438.50. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $1,299.02 and its 200-day moving average is $1,279.18.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.71%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 17.40%.

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.