170 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Purchased by BTS Asset Management Inc.

BTS Asset Management Inc. purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 170 shares of the company’s stock, valued at approximately $222,000. Coca-Cola Consolidated accounts for approximately 0.2% of BTS Asset Management Inc.’s holdings, making the stock its 28th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in Coca-Cola Consolidated by 1,308.6% during the second quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after buying an additional 160,521 shares during the last quarter. International Assets Investment Management LLC grew its stake in Coca-Cola Consolidated by 74,390.2% during the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after buying an additional 152,500 shares during the last quarter. Wallace Capital Management Inc. bought a new stake in Coca-Cola Consolidated during the second quarter worth about $90,404,000. Vaughan Nelson Investment Management L.P. grew its stake in Coca-Cola Consolidated by 88.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after buying an additional 52,491 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Coca-Cola Consolidated by 5.3% during the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after buying an additional 30,443 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of Coca-Cola Consolidated stock opened at $1,273.74 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 26.23 and a beta of 0.82. Coca-Cola Consolidated, Inc. has a 1-year low of $625.77 and a 1-year high of $1,376.84. The firm’s 50-day moving average price is $1,299.01 and its two-hundred day moving average price is $1,111.30.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, July 31st. The company reported $20.71 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%. The business had revenue of $1.80 billion for the quarter.

Coca-Cola Consolidated Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Friday, October 25th. This is a boost from Coca-Cola Consolidated’s previous dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 20.59%.

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.