Nisa Investment Advisors LLC Has $286,000 Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Nisa Investment Advisors LLC lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 48.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 308 shares of the company’s stock after acquiring an additional 100 shares during the period. Nisa Investment Advisors LLC’s holdings in Coca-Cola Consolidated were worth $286,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. First Command Advisory Services Inc. acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $38,000. Fifth Third Bancorp grew its position in Coca-Cola Consolidated by 163.0% during the third quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after buying an additional 44 shares in the last quarter. Macquarie Group Ltd. increased its stake in Coca-Cola Consolidated by 34.3% during the 4th quarter. Macquarie Group Ltd. now owns 90 shares of the company’s stock worth $46,000 after acquiring an additional 23 shares during the period. Sunbelt Securities Inc. raised its holdings in Coca-Cola Consolidated by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock valued at $47,000 after acquiring an additional 37 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Coca-Cola Consolidated by 5,600.0% during the 1st quarter. Covestor Ltd now owns 114 shares of the company’s stock valued at $57,000 after acquiring an additional 112 shares during the period. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $801.02 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.51 billion, a PE ratio of 18.43 and a beta of 0.74. The company has a 50 day moving average of $835.13 and a 200-day moving average of $797.48. Coca-Cola Consolidated, Inc. has a 1-year low of $534.53 and a 1-year high of $961.91.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share for the quarter. The firm had revenue of $1.63 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.60%.

Analyst Ratings Changes

Separately, StockNews.com raised Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

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.