nVerses Capital LLC Has $527,000 Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

nVerses Capital LLC increased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 300.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400 shares of the company’s stock after purchasing an additional 300 shares during the period. nVerses Capital LLC’s holdings in Coca-Cola Consolidated were worth $527,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in COKE. EntryPoint Capital LLC acquired a new stake in shares of Coca-Cola Consolidated during the first quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 buying an additional 35 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after buying an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Coca-Cola Consolidated during the second quarter worth approximately $62,000. Finally, GAMMA Investing LLC increased its holdings in shares of Coca-Cola Consolidated by 137.0% during the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock worth $69,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,305.59 on Friday. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 26.89 and a beta of 0.82. The company has a 50 day moving average of $1,297.51 and a 200-day moving average of $1,096.74. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 1.50. Coca-Cola Consolidated, Inc. has a 1-year low of $621.18 and a 1-year high of $1,376.84.

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

Coca-Cola Consolidated Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Friday, October 25th. This is a positive change from Coca-Cola Consolidated’s previous dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 20.59%.

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.