E Fund Management Hong Kong Co. Ltd. Purchases 34 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1,133.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37 shares of the company’s stock after buying an additional 34 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Coca-Cola Consolidated were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in Coca-Cola Consolidated by 143.3% during the 4th quarter. Sound Income Strategies LLC now owns 73 shares of the company’s stock valued at $92,000 after purchasing an additional 43 shares during the period. Crossmark Global Holdings Inc. increased its position in Coca-Cola Consolidated by 12.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 518 shares of the company’s stock valued at $653,000 after purchasing an additional 58 shares during the period. Ameritas Advisory Services LLC purchased a new position in Coca-Cola Consolidated during the 4th quarter valued at $303,000. Arkadios Wealth Advisors purchased a new position in Coca-Cola Consolidated during the 4th quarter valued at $466,000. Finally, Signal Advisors Wealth LLC increased its position in Coca-Cola Consolidated by 27.9% during the 4th quarter. Signal Advisors Wealth LLC now owns 220 shares of the company’s stock valued at $277,000 after purchasing an additional 48 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Down 2.0 %

Shares of Coca-Cola Consolidated stock opened at $1,292.00 on Monday. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The company’s fifty day simple moving average is $1,277.95 and its two-hundred day simple moving average is $1,255.83. The company has a market cap of $11.32 billion, a P/E ratio of 22.49 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,438.50.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The firm had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be given a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 17.40%.

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.