Crossmark Global Holdings Inc. Purchases 165 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Crossmark Global Holdings Inc. increased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 55.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 460 shares of the company’s stock after purchasing an additional 165 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Coca-Cola Consolidated were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth approximately $37,000. EntryPoint Capital LLC purchased a new stake in Coca-Cola Consolidated in the first quarter worth $30,000. UMB Bank n.a. boosted its holdings 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 acquiring an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Coca-Cola Consolidated during the 2nd quarter valued at $62,000. Finally, GAMMA Investing LLC raised its holdings in Coca-Cola Consolidated by 137.0% in the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock worth $69,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 0.4 %

Shares of COKE opened at $1,210.70 on Friday. Coca-Cola Consolidated, Inc. has a 1-year low of $688.50 and a 1-year high of $1,376.84. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm’s 50-day moving average price is $1,258.58 and its 200-day moving average price is $1,154.11. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 21.07 and a beta of 0.85.

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

Coca-Cola Consolidated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was 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 0.83%. Coca-Cola Consolidated’s payout ratio is currently 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.