Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC increased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 143.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 73 shares of the company’s stock after purchasing an additional 43 shares during the period. Sound Income Strategies LLC’s holdings in Coca-Cola Consolidated were worth $92,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after buying an additional 13 shares during the last quarter. Sunbelt Securities Inc. raised its position in Coca-Cola Consolidated by 16.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 93 shares of the company’s stock valued at $122,000 after purchasing an additional 13 shares during the last quarter. GAMMA Investing LLC boosted its stake in Coca-Cola Consolidated by 16.9% during the 4th quarter. GAMMA Investing LLC now owns 104 shares of the company’s stock worth $131,000 after purchasing an additional 15 shares during the period. Bank of Montreal Can grew its position in Coca-Cola Consolidated by 1.8% during the 2nd quarter. Bank of Montreal Can now owns 1,028 shares of the company’s stock worth $1,120,000 after purchasing an additional 18 shares during the last quarter. Finally, Summit Global Investments increased its stake in Coca-Cola Consolidated by 1.9% in the third quarter. Summit Global Investments now owns 1,414 shares of the company’s stock valued at $1,861,000 after purchasing an additional 27 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $1,292.00 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. Coca-Cola Consolidated, Inc. has a fifty-two week low of $800.76 and a fifty-two week high of $1,438.50. The firm has a 50-day simple moving average of $1,277.95 and a 200-day simple moving average of $1,254.62. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 22.49 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The company had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $10.00 annualized dividend and a yield of 0.77%. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

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.