ROI Financial Advisors LLC Has $474,000 Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

ROI Financial Advisors LLC boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 66.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 360 shares of the company’s stock after buying an additional 144 shares during the period. ROI Financial Advisors LLC’s holdings in Coca-Cola Consolidated were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Vanguard Group Inc. boosted its holdings in Coca-Cola Consolidated by 5.3% during the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after buying an additional 30,443 shares during the last quarter. Millennium Management LLC raised its position in shares of Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after acquiring an additional 160,521 shares during the period. International Assets Investment Management LLC grew its holdings in Coca-Cola Consolidated by 74,390.2% during the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after purchasing an additional 152,500 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Coca-Cola Consolidated by 88.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock valued at $121,689,000 after purchasing an additional 52,491 shares in the last quarter. Finally, Wallace Capital Management Inc. acquired a new stake in Coca-Cola Consolidated in the second quarter worth $90,404,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $1,230.73 on Thursday. The firm has a fifty day moving average of $1,263.63 and a 200-day moving average of $1,151.05. 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 firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 21.42 and a beta of 0.85. Coca-Cola Consolidated, Inc. has a 12-month low of $681.98 and a 12-month high of $1,376.84.

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

Coca-Cola Consolidated Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 17.40%.

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.