531 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by Versor Investments LP

Versor Investments LP bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the third quarter, HoldingsChannel.com reports. The firm bought 531 shares of the company’s stock, valued at approximately $699,000.

A number of other institutional investors have also recently bought and sold shares of COKE. V Square Quantitative Management LLC bought a new stake in Coca-Cola Consolidated during the third quarter worth about $37,000. EntryPoint Capital LLC bought a new position in shares of Coca-Cola Consolidated in the first quarter valued at about $30,000. UMB Bank n.a. increased its stake in shares of Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after purchasing an additional 13 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Coca-Cola Consolidated in the second quarter valued at about $62,000. Finally, GAMMA Investing LLC grew its position in shares of Coca-Cola Consolidated by 137.0% during the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock worth $69,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $1,230.73 on Thursday. The stock has a market capitalization of $10.78 billion, a PE ratio of 21.42 and a beta of 0.85. Coca-Cola Consolidated, Inc. has a fifty-two week low of $681.98 and a fifty-two week high of $1,376.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The business has a fifty day moving average price of $1,263.63 and a two-hundred day moving average price of $1,151.05.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data 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 business had revenue of $1.77 billion during the quarter.

Coca-Cola Consolidated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, October 25th. This is an increase from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio is currently 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.