Cwm LLC Purchases 12 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Cwm LLC grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 22.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66 shares of the company’s stock after acquiring an additional 12 shares during the quarter. Cwm LLC’s holdings in Coca-Cola Consolidated were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of COKE. First Command Advisory Services Inc. purchased a new position in shares of Coca-Cola Consolidated in the third quarter valued at $38,000. Fifth Third Bancorp grew its stake in shares of Coca-Cola Consolidated by 163.0% in the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after buying an additional 44 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Coca-Cola Consolidated by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock worth $47,000 after buying an additional 37 shares during the last quarter. Covestor Ltd raised its position in shares of Coca-Cola Consolidated by 40.4% during the 3rd quarter. Covestor Ltd now owns 132 shares of the company’s stock valued at $85,000 after buying an additional 38 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Coca-Cola Consolidated by 132.9% during the 3rd quarter. Larson Financial Group LLC now owns 177 shares of the company’s stock valued at $112,000 after buying an additional 101 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $944.81 on Thursday. The firm has a market capitalization of $8.86 billion, a PE ratio of 19.46 and a beta of 0.73. The stock’s fifty day moving average is $838.43 and its 200 day moving average is $820.03. Coca-Cola Consolidated, Inc. has a fifty-two week low of $614.22 and a fifty-two week high of $1,030.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.56.

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

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.21%. Coca-Cola Consolidated’s dividend payout ratio is 4.12%.

Analysts Set New Price Targets

Separately, StockNews.com raised 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.