Truist Financial Corp Has $35.63 Million Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Truist Financial Corp raised its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,274 shares of the company’s stock after buying an additional 60 shares during the quarter. Truist Financial Corp’s holdings in Coca-Cola Consolidated were worth $35,625,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at $29,000. V Square Quantitative Management LLC acquired a new position in shares of Coca-Cola Consolidated in the third quarter valued at $37,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Coca-Cola Consolidated by 1,133.3% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after purchasing an additional 34 shares in the last quarter. Allworth Financial LP raised its stake in shares of Coca-Cola Consolidated by 260.0% in the fourth quarter. Allworth Financial LP now owns 36 shares of the company’s stock valued at $48,000 after purchasing an additional 26 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at $52,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $1,398.32 on Wednesday. The business has a fifty day simple moving average of $1,309.65 and a 200 day simple moving average of $1,286.65. 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 $12.25 billion, a price-to-earnings ratio of 24.34 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,460.92.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors 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 0.72%. 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.