Exchange Traded Concepts LLC Purchases 978 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

by · The Cerbat Gem

Exchange Traded Concepts LLC increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) by 111.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,853 shares of the company’s stock after purchasing an additional 978 shares during the period. Exchange Traded Concepts LLC’s holdings in Coca-Cola Consolidated were worth $2,439,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of COKE. EntryPoint Capital LLC bought a new position in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $30,000. UMB Bank n.a. boosted its position in Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after purchasing an additional 13 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Coca-Cola Consolidated in the second quarter valued at $62,000. GAMMA Investing LLC raised its position in shares of Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after purchasing an additional 37 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Coca-Cola Consolidated by 15.3% during the 2nd quarter. Signaturefd LLC now owns 68 shares of the company’s stock worth $74,000 after buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 1.5 %

Shares of COKE opened at $1,301.58 on Tuesday. The firm has a market cap of $12.20 billion, a P/E ratio of 26.80 and a beta of 0.82. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 1.97. Coca-Cola Consolidated, Inc. has a 52 week low of $621.18 and a 52 week high of $1,376.84. The firm’s 50-day simple moving average is $1,292.81 and its 200 day simple moving average is $1,087.34.

Coca-Cola Consolidated (NASDAQ:COKE – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. The company had revenue of $1.80 billion for the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%.

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be given a $2.50 dividend. The ex-dividend date is Friday, October 25th. This is a boost from Coca-Cola Consolidated’s previous dividend of $0.25. Coca-Cola Consolidated’s payout ratio is presently 20.59%.

About Coca-Cola Consolidated

(Free Report)

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.

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