Amalgamated Bank Raises Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Amalgamated Bank raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,877 shares of the company’s stock after purchasing an additional 61 shares during the quarter. Amalgamated Bank’s holdings in Coca-Cola Consolidated were worth $3,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Coca-Cola Consolidated by 1,133.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after acquiring an additional 34 shares during the last quarter. Allworth Financial LP grew its holdings in Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after acquiring an additional 26 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter worth about $52,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $72,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,417.12 on Friday. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 20.29 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,460.92. The company’s 50-day simple moving average is $1,332.43 and its 200-day simple moving average is $1,294.24. 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 released its earnings results on Thursday, February 20th. The company reported $18.11 EPS for the quarter. The company had revenue of $1.75 billion for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed 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 0.71%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 14.32%.

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.