International Assets Investment Management LLC Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

International Assets Investment Management LLC purchased a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 188,465 shares of the company’s stock, valued at approximately $174,971,000. Coca-Cola Consolidated comprises about 0.5% of International Assets Investment Management LLC’s investment portfolio, making the stock its 19th largest holding. International Assets Investment Management LLC owned approximately 2.01% of Coca-Cola Consolidated as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in COKE. Commonwealth Equity Services LLC lifted its holdings in shares of Coca-Cola Consolidated by 10.7% during the third quarter. Commonwealth Equity Services LLC now owns 1,932 shares of the company’s stock worth $1,230,000 after buying an additional 186 shares in the last quarter. Independent Advisor Alliance boosted its holdings in Coca-Cola Consolidated by 1.7% in the 3rd quarter. Independent Advisor Alliance now owns 976 shares of the company’s stock valued at $621,000 after purchasing an additional 16 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Coca-Cola Consolidated by 6.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 485 shares of the company’s stock worth $309,000 after purchasing an additional 31 shares in the last quarter. Assetmark Inc. bought a new position in shares of Coca-Cola Consolidated during the third quarter worth approximately $905,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Coca-Cola Consolidated by 203.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,849 shares of the company’s stock valued at $12,630,000 after buying an additional 13,314 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Up 1.3 %

Shares of NASDAQ COKE opened at $841.03 on Friday. The stock has a market capitalization of $7.88 billion, a P/E ratio of 19.35 and a beta of 0.73. The stock’s fifty day moving average is $831.97 and its 200 day moving average is $810.74. Coca-Cola Consolidated, Inc. has a 52 week low of $590.91 and a 52 week high of $961.91. 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 EPS for the quarter. The firm 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 Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.