Atria Wealth Solutions Inc. Has $1.40 Million Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Atria Wealth Solutions Inc. boosted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,512 shares of the company’s stock after acquiring an additional 31 shares during the period. Atria Wealth Solutions Inc.’s holdings in Coca-Cola Consolidated were worth $1,403,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Xponance Inc. increased its stake in Coca-Cola Consolidated by 1.8% during the 4th quarter. Xponance Inc. now owns 690 shares of the company’s stock worth $641,000 after acquiring an additional 12 shares during the period. CWM LLC increased its stake in Coca-Cola Consolidated by 22.2% during the 4th quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after acquiring an additional 12 shares during the period. Independent Advisor Alliance increased its stake in Coca-Cola Consolidated by 1.7% during the 3rd quarter. Independent Advisor Alliance now owns 976 shares of the company’s stock worth $621,000 after acquiring an additional 16 shares during the period. Exchange Traded Concepts LLC increased its stake in Coca-Cola Consolidated by 1.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 937 shares of the company’s stock worth $870,000 after acquiring an additional 16 shares during the period. Finally, Arizona State Retirement System increased its stake in Coca-Cola Consolidated by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 1,429 shares of the company’s stock worth $909,000 after acquiring an additional 19 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 0.5 %

Shares of COKE opened at $830.54 on Thursday. Coca-Cola Consolidated, Inc. has a 52-week low of $584.69 and a 52-week high of $961.91. The business’s fifty day moving average is $831.42 and its 200-day moving average is $810.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.56. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 19.11 and a beta of 0.74.

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

Coca-Cola Consolidated Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.