Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stock Holdings Increased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 52.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 415 shares of the company’s stock after buying an additional 143 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Coca-Cola Consolidated were worth $546,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after acquiring an additional 30,443 shares during the last quarter. Millennium Management LLC increased its stake in Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after purchasing an additional 160,521 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Coca-Cola Consolidated by 88.0% during the 2nd 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 during the period. Wallace Capital Management Inc. acquired a new position in shares of Coca-Cola Consolidated in the second quarter worth about $90,404,000. Finally, AQR Capital Management LLC increased its position in shares of Coca-Cola Consolidated by 18.3% in the second quarter. AQR Capital Management LLC now owns 75,035 shares of the company’s stock worth $80,363,000 after acquiring an additional 11,587 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 0.2 %

COKE stock opened at $1,304.70 on Wednesday. The company’s 50 day simple moving average is $1,294.53 and its 200-day simple moving average is $1,090.55. Coca-Cola Consolidated, Inc. has a 52-week low of $621.18 and a 52-week high of $1,376.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. The firm has a market capitalization of $12.23 billion, a P/E ratio of 26.87 and a beta of 0.82.

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

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be issued a $2.50 dividend. This is an increase from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date is Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio is currently 20.59%.

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.