Inscription Capital LLC Makes New Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Inscription Capital LLC acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 212 shares of the company’s stock, valued at approximately $279,000.

Other large investors also recently modified their holdings of the company. Signaturefd LLC boosted its stake in Coca-Cola Consolidated by 15.3% in the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after acquiring an additional 9 shares during the period. Inspire Investing LLC increased its holdings in shares of Coca-Cola Consolidated by 3.1% in the 1st quarter. Inspire Investing LLC now owns 426 shares of the company’s stock worth $361,000 after acquiring an additional 13 shares during the period. UMB Bank n.a. lifted its position in Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after purchasing an additional 13 shares during the last quarter. Cetera Advisors LLC grew its position in Coca-Cola Consolidated by 3.4% in the 1st quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock worth $356,000 after purchasing an additional 14 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Coca-Cola Consolidated by 17.4% during the second quarter. CWM LLC now owns 101 shares of the company’s stock valued at $110,000 after buying an additional 15 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $1,230.58 on Tuesday. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 25.34 and a beta of 0.82. The stock’s fifty day moving average is $1,298.64 and its 200-day moving average is $1,119.28. Coca-Cola Consolidated, Inc. has a one year low of $628.00 and a one year high of $1,376.84. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $20.71 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%. The company had revenue of $1.80 billion for the quarter.

Coca-Cola Consolidated Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be paid a dividend of $2.50 per share. The ex-dividend date is Friday, October 25th. This is a positive change from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. This represents a $10.00 annualized dividend and a dividend yield of 0.81%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 20.59%.

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.