E Fund Management Hong Kong Co. Ltd. Increases Stake in 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% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37 shares of the company’s stock after purchasing an additional 34 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Coca-Cola Consolidated were worth $47,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COKE. International Assets Investment Management LLC grew 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 last quarter. Wallace Capital Management Inc. purchased a new stake in Coca-Cola Consolidated during the 2nd quarter valued at about $90,404,000. State Street Corp grew its position in Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after purchasing an additional 26,752 shares during the last quarter. Geode Capital Management LLC grew its position 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 valued at $163,868,000 after purchasing an additional 17,408 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Coca-Cola Consolidated by 151.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock valued at $27,113,000 after purchasing an additional 12,393 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,292.00 on Monday. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,438.50. The company’s 50-day moving average is $1,277.95 and its 200 day moving average is $1,255.83. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 22.49 and a beta of 0.89. 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 (NASDAQ:COKE) last posted its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. The business 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 business 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 0.77%. The ex-dividend date of this dividend is Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

About Coca-Cola Consolidated

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.