KG&L Capital Management LLC Purchases 14 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

KG&L Capital Management LLC increased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 720 shares of the company’s stock after purchasing an additional 14 shares during the period. KG&L Capital Management LLC’s holdings in Coca-Cola Consolidated were worth $907,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp grew its stake in shares of Coca-Cola Consolidated by 18.4% in the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock worth $226,959,000 after buying an additional 26,752 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after acquiring an additional 152,500 shares during the last quarter. Geode Capital Management LLC grew its position in Coca-Cola Consolidated by 16.3% in the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after acquiring an additional 17,408 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Coca-Cola Consolidated by 151.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock worth $27,113,000 after acquiring an additional 12,393 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Coca-Cola Consolidated by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock valued at $25,239,000 after purchasing an additional 1,453 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of Coca-Cola Consolidated stock opened at $1,367.62 on Friday. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 23.80 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 moving average price of $1,289.28 and a 200-day moving average price of $1,262.79. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,438.50.

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

Coca-Cola Consolidated Announces Dividend

The company also recently announced 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 is Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.73%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 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.