Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 851 shares of the company’s stock after selling 8 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Coca-Cola Consolidated were worth $1,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in shares of Coca-Cola Consolidated during the second quarter worth $248,000. Sei Investments Co. increased its stake in shares of Coca-Cola Consolidated by 13.6% during the second quarter. Sei Investments Co. now owns 992 shares of the company’s stock worth $1,076,000 after purchasing an additional 119 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Coca-Cola Consolidated by 1.8% during the second quarter. Bank of Montreal Can now owns 1,028 shares of the company’s stock worth $1,120,000 after purchasing an additional 18 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Coca-Cola Consolidated during the second quarter worth about $996,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Coca-Cola Consolidated during the second quarter worth about $588,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

COKE opened at $1,335.82 on Wednesday. The firm has a market capitalization of $11.70 billion, a PE ratio of 23.25 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,438.50. The firm’s 50-day moving average price is $1,282.42 and its 200 day moving average price is $1,259.30. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

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

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.75%. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

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.