Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 851 shares of the company’s stock after selling 8 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Coca-Cola Consolidated were worth $1,073,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in Coca-Cola Consolidated during the 3rd quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Coca-Cola Consolidated by 1,133.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock worth $47,000 after buying an additional 34 shares during the period. UMB Bank n.a. increased its stake in Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after buying an additional 13 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Coca-Cola Consolidated during the 2nd quarter worth approximately $62,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola Consolidated during the 3rd quarter worth approximately $72,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Up 1.2 %

Shares of NASDAQ:COKE opened at $1,335.82 on Wednesday. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,438.50. The company’s 50 day moving average is $1,282.42 and its two-hundred day moving average is $1,259.30. 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 has a market cap of $11.70 billion, a PE ratio of 23.25 and a beta of 0.89.

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

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders 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 0.75%. 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 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.