Proficio Capital Partners LLC Grows Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Proficio Capital Partners LLC grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 197,133.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,637 shares of the company’s stock after purchasing an additional 453,407 shares during the period. Proficio Capital Partners LLC owned approximately 5.18% of Coca-Cola Consolidated worth $571,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its position in Coca-Cola Consolidated by 18.4% in the third quarter. State Street Corp now owns 172,409 shares of the company’s stock worth $226,959,000 after acquiring an additional 26,752 shares in the last quarter. Geode Capital Management LLC grew its position in Coca-Cola Consolidated by 16.3% in the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after acquiring an additional 17,408 shares in the last quarter. Bank of New York Mellon Corp grew its position in Coca-Cola Consolidated by 15.9% in the fourth quarter. Bank of New York Mellon Corp now owns 58,267 shares of the company’s stock worth $73,415,000 after acquiring an additional 7,987 shares in the last quarter. JPMorgan Chase & Co. grew its position in Coca-Cola Consolidated by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after acquiring an additional 1,453 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Coca-Cola Consolidated by 1.6% in the third quarter. Natixis Advisors LLC now owns 15,792 shares of the company’s stock worth $20,788,000 after acquiring an additional 254 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Down 1.6 %

Shares of NASDAQ:COKE opened at $1,370.73 on Thursday. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,460.92. The firm has a fifty day moving average of $1,328.90 and a 200 day moving average of $1,293.51. The firm has a market capitalization of $12.01 billion, a PE ratio of 19.62 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. The business had revenue of $1.75 billion during the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 14.32%.

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.