James Investment Research Inc. Grows Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

James Investment Research Inc. raised its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 34.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,825 shares of the company’s stock after buying an additional 470 shares during the period. James Investment Research Inc.’s holdings in Coca-Cola Consolidated were worth $2,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of COKE. Newbridge Financial Services Group Inc. purchased a new position in shares of Coca-Cola Consolidated during the fourth quarter worth $29,000. V Square Quantitative Management LLC purchased a new position in shares of Coca-Cola Consolidated during the third quarter worth $37,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Coca-Cola Consolidated by 1,133.3% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock worth $47,000 after buying an additional 34 shares during the period. Allworth Financial LP raised its stake in shares of Coca-Cola Consolidated by 260.0% in the fourth quarter. Allworth Financial LP now owns 36 shares of the company’s stock valued at $48,000 after acquiring an additional 26 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in Coca-Cola Consolidated during the 4th quarter worth $52,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 3.4 %

COKE opened at $1,408.59 on Friday. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,460.92. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 24.51 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The business has a fifty day moving average price of $1,307.02 and a 200 day moving average price of $1,284.49.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 annualized dividend and a yield of 0.71%. Coca-Cola Consolidated’s payout ratio is 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.