ING Groep NV Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

ING Groep NV bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,900 shares of the company’s stock, valued at approximately $3,818,000.

Several other institutional investors have also bought and sold shares of the stock. Millennium Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 1,308.6% during the second quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after acquiring an additional 160,521 shares during the period. International Assets Investment Management LLC boosted its position in Coca-Cola Consolidated by 74,390.2% in the third 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. 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. increased its holdings in shares of 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 in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Coca-Cola Consolidated by 5.3% in the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after acquiring 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 Stock Down 0.4 %

Shares of COKE opened at $1,210.70 on Friday. The business’s 50 day simple moving average is $1,258.58 and its 200-day simple moving average is $1,154.11. Coca-Cola Consolidated, Inc. has a one year low of $688.50 and a one year high of $1,376.84. The company has a market capitalization of $10.61 billion, a P/E ratio of 21.07 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

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

Coca-Cola Consolidated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a dividend of $2.50 per share. This is an increase from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, October 25th. This represents a $10.00 annualized dividend and a yield of 0.83%. Coca-Cola Consolidated’s dividend 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.