Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 37.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,069 shares of the company’s stock after selling 649 shares during the period. Atria Wealth Solutions Inc.’s holdings in Coca-Cola Consolidated were worth $1,347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COKE. Newbridge Financial Services Group Inc. purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Coca-Cola Consolidated by 1,133.3% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after purchasing an additional 34 shares during the period. Allworth Financial LP grew its stake in Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after purchasing an additional 26 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Coca-Cola Consolidated during the 4th quarter worth about $52,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola Consolidated in the 3rd quarter valued at about $72,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $1,382.86 on Monday. Coca-Cola Consolidated, Inc. has a 1 year low of $800.76 and a 1 year high of $1,460.92. The stock has a market capitalization of $12.12 billion, a PE ratio of 19.80 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The stock has a 50-day simple moving average of $1,320.38 and a 200-day simple moving average of $1,291.10.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%. The company had revenue of $1.75 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.72%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.32%.

Coca-Cola Consolidated Company 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.