Blue Trust Inc. boosted its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) by 126.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 213 shares of the company’s stock after purchasing an additional 119 shares during the period. Blue Trust Inc.’s holdings in Coca-Cola Consolidated were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Coca-Cola Consolidated in the third quarter worth $37,000. EntryPoint Capital LLC bought a new position in shares of Coca-Cola Consolidated in the first quarter worth $30,000. UMB Bank n.a. boosted its stake in Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after buying an additional 13 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Coca-Cola Consolidated during the second quarter valued at $62,000. Finally, GAMMA Investing LLC boosted its stake in Coca-Cola Consolidated by 137.0% during the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after buying an additional 37 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Consolidated Price Performance
NASDAQ:COKE opened at $1,263.76 on Friday. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 26.02 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a 52-week low of $628.00 and a 52-week high of $1,376.84. The stock has a fifty day moving average of $1,298.88 and a 200 day moving average of $1,112.36. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97.
Coca-Cola Consolidated Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a dividend of $2.50 per share. The ex-dividend date is Friday, October 25th. This is an increase from Coca-Cola Consolidated’s previous dividend of $0.25. Coca-Cola Consolidated’s payout ratio is currently 20.59%.
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.
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