Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Empowered Funds LLC

Empowered Funds LLC trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 58.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,518 shares of the company’s stock after selling 3,605 shares during the quarter. Empowered Funds LLC’s holdings in Coca-Cola Consolidated were worth $3,173,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its stake in shares of Coca-Cola Consolidated by 174.3% during the third quarter. CWM LLC now owns 277 shares of the company’s stock valued at $365,000 after acquiring an additional 176 shares during the period. Creative Planning increased its position in shares of Coca-Cola Consolidated by 1.9% during the 3rd quarter. Creative Planning now owns 2,535 shares of the company’s stock valued at $3,338,000 after purchasing an additional 47 shares during the period. nVerses Capital LLC raised its stake in shares of Coca-Cola Consolidated by 300.0% in the 3rd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $527,000 after buying an additional 300 shares in the last quarter. Good Life Advisors LLC acquired a new stake in shares of Coca-Cola Consolidated in the third quarter valued at $356,000. Finally, V Square Quantitative Management LLC bought a new position in Coca-Cola Consolidated during the third quarter valued at about $37,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $1,458.46 on Friday. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,460.92. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The firm has a market cap of $12.78 billion, a P/E ratio of 25.38 and a beta of 0.89. The business’s 50-day moving average price is $1,301.84 and its 200 day moving average price is $1,280.20.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.69%. Coca-Cola Consolidated’s 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.