Pacer Advisors Inc. Raises Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Pacer Advisors Inc. boosted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 19.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,940 shares of the company’s stock after buying an additional 320 shares during the period. Pacer Advisors Inc.’s holdings in Coca-Cola Consolidated were worth $2,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola Consolidated by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after purchasing an additional 1,453 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Coca-Cola Consolidated by 8.7% during the third quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock valued at $7,818,000 after buying an additional 474 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after buying an additional 152,500 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter worth approximately $1,022,000. Finally, Dorsey Wright & Associates bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $1,468,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $1,367.62 on Friday. The company has a 50 day moving average of $1,289.28 and a two-hundred day moving average of $1,262.79. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 23.80 and a beta of 0.89. 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 twelve month low of $800.76 and a twelve month high of $1,438.50.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%. The firm had revenue of $1.77 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a dividend of $2.50 per share. The ex-dividend date is Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.73%. Coca-Cola Consolidated’s payout ratio is 17.40%.

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.