393 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by Almanack Investment Partners LLC.

Almanack Investment Partners LLC. bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 393 shares of the company’s stock, valued at approximately $495,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after acquiring an additional 13 shares during the period. Sunbelt Securities Inc. lifted its position in Coca-Cola Consolidated by 16.3% during the third quarter. Sunbelt Securities Inc. now owns 93 shares of the company’s stock valued at $122,000 after purchasing an additional 13 shares in the last quarter. KG&L Capital Management LLC grew its holdings in Coca-Cola Consolidated by 2.0% during the fourth quarter. KG&L Capital Management LLC now owns 720 shares of the company’s stock valued at $907,000 after purchasing an additional 14 shares during the period. GAMMA Investing LLC increased its position in Coca-Cola Consolidated by 16.9% in the fourth quarter. GAMMA Investing LLC now owns 104 shares of the company’s stock worth $131,000 after buying an additional 15 shares in the last quarter. Finally, Summit Global Investments raised its stake in shares of Coca-Cola Consolidated by 1.9% in the third quarter. Summit Global Investments now owns 1,414 shares of the company’s stock worth $1,861,000 after buying an additional 27 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Up 0.8 %

Shares of NASDAQ:COKE opened at $1,371.57 on Friday. The stock has a 50 day moving average of $1,293.59 and a 200 day moving average of $1,270.84. The company has a market cap of $12.01 billion, a PE ratio of 23.87 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,438.50. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.73%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 17.40%.

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.