ROI Financial Advisors LLC Has $474,000 Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

ROI Financial Advisors LLC grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 66.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 360 shares of the company’s stock after acquiring an additional 144 shares during the quarter. ROI Financial Advisors LLC’s holdings in Coca-Cola Consolidated were worth $474,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in Coca-Cola Consolidated during the first quarter worth $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Coca-Cola Consolidated in the third quarter valued at about $37,000. EverSource Wealth Advisors LLC raised its holdings in Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after acquiring an additional 35 shares in the last quarter. UMB Bank n.a. grew its stake in Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after purchasing an additional 13 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at $62,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Down 0.4 %

COKE stock opened at $1,230.73 on Thursday. Coca-Cola Consolidated, Inc. has a 1-year low of $681.98 and a 1-year high of $1,376.84. The business’s 50 day simple moving average is $1,263.63 and its 200 day simple moving average is $1,151.05. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $10.78 billion, a PE ratio of 21.42 and a beta of 0.85.

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

Coca-Cola Consolidated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a $2.50 dividend. This is a boost from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. This represents a $10.00 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio is currently 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.