Union Bancaire Privee UBP SA Invests $882,000 in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Union Bancaire Privee UBP SA acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 700 shares of the company’s stock, valued at approximately $882,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its stake in Coca-Cola Consolidated by 18.4% in the third quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after acquiring an additional 26,752 shares during the period. International Assets Investment Management LLC boosted its position in Coca-Cola Consolidated by 74,390.2% during the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after purchasing an additional 152,500 shares during the period. Geode Capital Management LLC grew its stake in Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after buying an additional 17,408 shares during the last quarter. Wallace Capital Management Inc. acquired a new stake in Coca-Cola Consolidated in the second quarter worth $90,404,000. Finally, Allspring Global Investments Holdings LLC increased its position in Coca-Cola Consolidated by 151.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock worth $27,113,000 after buying an additional 12,393 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $1,320.52 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. Coca-Cola Consolidated, Inc. has a 1 year low of $800.76 and a 1 year high of $1,438.50. The firm has a fifty day moving average of $1,280.17 and a 200-day moving average of $1,257.52. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 22.98 and a beta of 0.89.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, January 24th. Coca-Cola Consolidated’s payout ratio is currently 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.