275 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 275 shares of the company’s stock, valued at approximately $255,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Coca-Cola Consolidated by 3.5% during the third quarter. Vanguard Group Inc. now owns 580,785 shares of the company’s stock worth $369,565,000 after buying an additional 19,877 shares during the period. International Assets Investment Management LLC purchased a new position in Coca-Cola Consolidated in the fourth quarter valued at approximately $174,971,000. Invesco Ltd. increased its stake in Coca-Cola Consolidated by 4.6% in the third quarter. Invesco Ltd. now owns 114,973 shares of the company’s stock valued at $73,160,000 after purchasing an additional 5,084 shares during the last quarter. AQR Capital Management LLC increased its stake in Coca-Cola Consolidated by 8.6% in the third quarter. AQR Capital Management LLC now owns 92,222 shares of the company’s stock valued at $58,683,000 after purchasing an additional 7,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Coca-Cola Consolidated by 29.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 70,685 shares of the company’s stock valued at $44,978,000 after purchasing an additional 15,957 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $830.98 on Friday. The firm has a market capitalization of $7.79 billion, a P/E ratio of 19.38 and a beta of 0.74. Coca-Cola Consolidated, Inc. has a 52 week low of $559.32 and a 52 week high of $961.91. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $833.24 and its two-hundred day moving average is $803.98.

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

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, April 25th. Coca-Cola Consolidated’s payout ratio is currently 4.60%.

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.