Inscription Capital LLC Makes New Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Inscription Capital LLC bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the third quarter, Holdings Channel.com reports. The institutional investor bought 212 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Michigan Retirement System grew its stake in Coca-Cola Consolidated by 9.1% during the 1st quarter. State of Michigan Retirement System now owns 1,200 shares of the company’s stock valued at $1,016,000 after acquiring an additional 100 shares in the last quarter. Measured Wealth Private Client Group LLC grew its holdings in shares of Coca-Cola Consolidated by 6.4% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 316 shares of the company’s stock valued at $267,000 after acquiring an additional 19 shares in the last quarter. Monument Capital Management increased its stake in shares of Coca-Cola Consolidated by 0.6% in the first quarter. Monument Capital Management now owns 3,861 shares of the company’s stock worth $3,268,000 after acquiring an additional 23 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Coca-Cola Consolidated by 5.2% during the first quarter. Private Advisor Group LLC now owns 782 shares of the company’s stock worth $662,000 after acquiring an additional 39 shares in the last quarter. Finally, Flynn Zito Capital Management LLC acquired a new position in Coca-Cola Consolidated in the 1st quarter worth about $1,328,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 1.5 %

Shares of Coca-Cola Consolidated stock opened at $1,230.58 on Tuesday. The stock has a 50-day simple moving average of $1,298.64 and a 200-day simple moving average of $1,119.28. Coca-Cola Consolidated, Inc. has a 52-week low of $628.00 and a 52-week high of $1,376.84. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 25.34 and a beta of 0.82. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. The business had revenue of $1.80 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 44.83%.

Coca-Cola Consolidated Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be given a dividend of $2.50 per share. The ex-dividend date is Friday, October 25th. This represents a $10.00 dividend on an annualized basis and a yield of 0.81%. This is a boost from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio is presently 20.59%.

Coca-Cola Consolidated 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.