Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 12.3% during the fourth quarter, Holdings Channel reports. The firm owned 2,385 shares of the company’s stock after selling 334 shares during the period. Ritholtz Wealth Management’s holdings in Coca-Cola Consolidated were worth $3,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Signal Advisors Wealth LLC grew its stake in Coca-Cola Consolidated by 27.9% during the 4th quarter. Signal Advisors Wealth LLC now owns 220 shares of the company’s stock worth $277,000 after buying an additional 48 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of Coca-Cola Consolidated during the fourth quarter worth about $126,000. Nordea Investment Management AB grew its position in shares of Coca-Cola Consolidated by 1.3% during the fourth quarter. Nordea Investment Management AB now owns 6,217 shares of the company’s stock worth $7,688,000 after acquiring an additional 79 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Coca-Cola Consolidated by 16.9% in the 4th quarter. GAMMA Investing LLC now owns 104 shares of the company’s stock worth $131,000 after acquiring an additional 15 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Coca-Cola Consolidated by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock valued at $25,239,000 after purchasing an additional 1,453 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $1,386.37 on Friday. The company has a 50-day moving average price of $1,266.44 and a two-hundred day moving average price of $1,244.82. Coca-Cola Consolidated, Inc. has a 52 week low of $800.76 and a 52 week high of $1,438.50. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 24.13 and a beta of 0.89. 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 (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. The business had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date 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.