Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Holdings Boosted by Amalgamated Bank

Amalgamated Bank grew its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,877 shares of the company’s stock after acquiring an additional 61 shares during the quarter. Amalgamated Bank’s holdings in Coca-Cola Consolidated were worth $3,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in Coca-Cola Consolidated by 15.9% during the 4th quarter. Bank of New York Mellon Corp now owns 58,267 shares of the company’s stock valued at $73,415,000 after purchasing an additional 7,987 shares during the period. IFP Advisors Inc lifted its stake in Coca-Cola Consolidated by 3.3% in the fourth quarter. IFP Advisors Inc now owns 1,333 shares of the company’s stock valued at $1,683,000 after buying an additional 42 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Coca-Cola Consolidated during the fourth quarter valued at $882,000. Lansing Street Advisors bought a new position in shares of Coca-Cola Consolidated during the fourth quarter worth about $210,000. Finally, Navellier & Associates Inc. grew its position in shares of Coca-Cola Consolidated by 67.1% during the fourth quarter. Navellier & Associates Inc. now owns 14,885 shares of the company’s stock worth $18,755,000 after acquiring an additional 5,976 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 1.1 %

Shares of NASDAQ:COKE opened at $1,417.12 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. The company’s 50-day moving average price is $1,332.43 and its 200 day moving average price is $1,294.24. The company has a market cap of $12.42 billion, a PE ratio of 20.29 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a fifty-two week low of $800.76 and a fifty-two week high of $1,460.92.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results 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 net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Announces Dividend

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