Sound Income Strategies LLC Raises Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Sound Income Strategies LLC lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 143.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73 shares of the company’s stock after buying an additional 43 shares during the quarter. Sound Income Strategies LLC’s holdings in Coca-Cola Consolidated were worth $92,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COKE. Millennium Management LLC boosted its position in shares of Coca-Cola Consolidated by 1,308.6% during 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. State Street Corp lifted its stake in shares of Coca-Cola Consolidated by 18.4% in the third quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after purchasing an additional 26,752 shares during the period. International Assets Investment Management LLC boosted its holdings in Coca-Cola Consolidated by 74,390.2% during the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after buying an additional 152,500 shares in the last quarter. Geode Capital Management LLC grew its position in Coca-Cola Consolidated by 16.3% during the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after buying an additional 17,408 shares during the period. Finally, Wallace Capital Management Inc. purchased a new position in Coca-Cola Consolidated in the second quarter valued at about $90,404,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $1,292.00 on Friday. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 22.49 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The business’s 50 day simple moving average is $1,277.95 and its 200-day simple moving average is $1,254.62. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,438.50.

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

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.77%. Coca-Cola Consolidated’s payout ratio is 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.