Lansing Street Advisors Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Lansing Street Advisors purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 167 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds also recently modified their holdings of the company. Navellier & Associates Inc. increased its position in shares of Coca-Cola Consolidated by 67.1% during the 4th quarter. Navellier & Associates Inc. now owns 14,885 shares of the company’s stock valued at $18,755,000 after purchasing an additional 5,976 shares during the period. Ieq Capital LLC acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter worth $429,000. CIBC Asset Management Inc grew its holdings in shares of Coca-Cola Consolidated by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 247 shares of the company’s stock worth $311,000 after acquiring an additional 12 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Coca-Cola Consolidated by 1.9% in the 4th quarter. Sanctuary Advisors LLC now owns 986 shares of the company’s stock worth $1,347,000 after acquiring an additional 18 shares during the last quarter. Finally, James Investment Research Inc. grew its holdings in shares of Coca-Cola Consolidated by 34.7% in the 4th quarter. James Investment Research Inc. now owns 1,825 shares of the company’s stock worth $2,299,000 after acquiring an additional 470 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $1,382.86 on Friday. The stock has a market cap of $12.11 billion, a PE ratio of 19.80 and a beta of 0.89. The business has a fifty day simple moving average of $1,320.38 and a 200-day simple moving average of $1,290.84. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,460.92.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The firm had revenue of $1.75 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 annualized dividend and a yield of 0.72%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.32%.

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.