GSA Capital Partners LLP Increases Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

GSA Capital Partners LLP grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 36.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 900 shares of the company’s stock after acquiring an additional 239 shares during the period. GSA Capital Partners LLP’s holdings in Coca-Cola Consolidated were worth $1,185,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Millennium Management LLC increased its position in Coca-Cola Consolidated by 1,308.6% in the second quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after buying an additional 160,521 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Coca-Cola Consolidated by 74,390.2% during 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 period. Wallace Capital Management Inc. purchased a new stake in Coca-Cola Consolidated in the 2nd quarter worth approximately $90,404,000. Vaughan Nelson Investment Management L.P. raised its stake in Coca-Cola Consolidated by 88.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after acquiring an additional 52,491 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Coca-Cola Consolidated by 5.3% during the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after purchasing an additional 30,443 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

COKE opened at $1,215.21 on Friday. The firm has a market cap of $10.65 billion, a P/E ratio of 21.15 and a beta of 0.85. Coca-Cola Consolidated, Inc. has a 1-year low of $686.75 and a 1-year high of $1,376.84. The company has a 50 day simple moving average of $1,263.63 and a two-hundred day simple moving average of $1,151.05. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

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

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were paid a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, October 25th. This is an increase from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 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.