Pacer Advisors Inc. Has $2.95 Million Stock Position in Coca-Cola Consolidated, Inc. $COKE

Pacer Advisors Inc. increased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,248 shares of the company’s stock after acquiring an additional 3,087 shares during the quarter. Pacer Advisors Inc.’s holdings in Coca-Cola Consolidated were worth $2,951,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Coca-Cola Consolidated in the 4th quarter worth $1,300,000. Sunbelt Securities Inc. raised its position in shares of Coca-Cola Consolidated by 15.4% during the fourth quarter. Sunbelt Securities Inc. now owns 1,127 shares of the company’s stock valued at $173,000 after buying an additional 150 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Coca-Cola Consolidated by 20.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,293 shares of the company’s stock valued at $2,191,000 after buying an additional 2,419 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of Coca-Cola Consolidated by 2.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 2,842 shares of the company’s stock valued at $436,000 after buying an additional 72 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of Coca-Cola Consolidated in the fourth quarter valued at about $852,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Up 2.3%

Shares of COKE opened at $183.01 on Wednesday. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 25.04 and a beta of 0.55. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated, Inc. has a 12 month low of $107.21 and a 12 month high of $219.65. The company has a 50-day moving average price of $183.13 and a two-hundred day moving average price of $177.20.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data 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 company had revenue of $1.71 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated’s payout ratio is currently 13.68%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Coca-Cola Consolidated currently has an average rating of “Buy”.

Coca-Cola Consolidated Company Profile

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.