Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC cut its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174 shares of the company’s stock after selling 28 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Coca-Cola Consolidated were worth $229,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of COKE. SG Americas Securities LLC boosted its position in shares of Coca-Cola Consolidated by 50.6% in the first quarter. SG Americas Securities LLC now owns 405 shares of the company’s stock worth $343,000 after acquiring an additional 136 shares during the last quarter. ProShare Advisors LLC raised its holdings in Coca-Cola Consolidated by 4.9% in the first quarter. ProShare Advisors LLC now owns 1,087 shares of the company’s stock valued at $920,000 after buying an additional 51 shares during the period. Vanguard Group Inc. raised its holdings in Coca-Cola Consolidated by 5.3% in the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after buying an additional 30,443 shares during the period. Cynosure Group LLC purchased a new position in Coca-Cola Consolidated in the first quarter valued at approximately $318,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Coca-Cola Consolidated by 13.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,982 shares of the company’s stock valued at $4,217,000 after buying an additional 583 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Down 0.4 %

NASDAQ COKE opened at $1,210.70 on Monday. Coca-Cola Consolidated, Inc. has a one year low of $688.50 and a one year high of $1,376.84. The company’s 50 day moving average price is $1,258.58 and its 200 day moving average price is $1,158.70. 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 firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 21.07 and a beta of 0.85.

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

Coca-Cola Consolidated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a dividend of $2.50 per share. The ex-dividend date was Friday, October 25th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 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.