Mill Creek Capital Advisors LLC Grows Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Mill Creek Capital Advisors LLC lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202 shares of the company’s stock after buying an additional 28 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Coca-Cola Consolidated were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Coca-Cola Consolidated by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock valued at $25,239,000 after acquiring an additional 1,453 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Coca-Cola Consolidated by 8.7% in the third quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock valued at $7,818,000 after purchasing an additional 474 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after purchasing an additional 152,500 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Coca-Cola Consolidated during the third quarter worth approximately $1,022,000. Finally, Dorsey Wright & Associates acquired a new position in Coca-Cola Consolidated during the third quarter worth $1,468,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Up 0.9 %

Shares of NASDAQ:COKE opened at $1,415.40 on Wednesday. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,438.50. The stock has a market cap of $12.40 billion, a P/E ratio of 24.63 and a beta of 0.89. The business has a fifty day moving average of $1,299.02 and a two-hundred day moving average of $1,279.18. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

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.