IFP Advisors Inc Boosts Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

IFP Advisors Inc grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,333 shares of the company’s stock after acquiring an additional 42 shares during the quarter. IFP Advisors Inc’s holdings in Coca-Cola Consolidated were worth $1,683,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new stake in Coca-Cola Consolidated during the 4th quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Coca-Cola Consolidated by 1,133.3% during the fourth 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. Allworth Financial LP grew its stake in Coca-Cola Consolidated by 260.0% during the fourth quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after buying an additional 26 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in shares of Coca-Cola Consolidated in the fourth quarter worth $52,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter valued at $72,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $1,370.73 on Thursday. The firm’s fifty day simple moving average is $1,328.90 and its 200 day simple moving average is $1,293.51. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,460.92. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 19.62 and a beta of 0.89.

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

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 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.