4,008 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by Advisortrust Partners LLC

Advisortrust Partners LLC bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,008 shares of the company’s stock, valued at approximately $614,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its holdings in shares of Coca-Cola Consolidated by 6.7% during the 4th quarter. Corient Private Wealth LLC now owns 14,561 shares of the company’s stock worth $2,234,000 after purchasing an additional 919 shares during the period. Hsbc Holdings PLC purchased a new position in Coca-Cola Consolidated in the fourth quarter valued at approximately $6,109,000. Pacer Advisors Inc. lifted its position in Coca-Cola Consolidated by 19.1% during the fourth quarter. Pacer Advisors Inc. now owns 19,248 shares of the company’s stock valued at $2,951,000 after buying an additional 3,087 shares in the last quarter. Virtu Financial LLC acquired a new position in Coca-Cola Consolidated during the fourth quarter valued at approximately $1,300,000. Finally, Sunbelt Securities Inc. grew its stake in Coca-Cola Consolidated by 15.4% during the fourth quarter. Sunbelt Securities Inc. now owns 1,127 shares of the company’s stock worth $173,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $181.54 on Friday. The business’s 50-day simple moving average is $184.14 and its 200 day simple moving average is $176.85. The company has a market cap of $12.08 billion, a P/E ratio of 24.83 and a beta of 0.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.23. Coca-Cola Consolidated, Inc. has a one year low of $105.97 and a one year high of $219.65.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.The firm had revenue of $1.71 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

About Coca-Cola Consolidated

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.