Harvest Fund Management Co. Ltd increased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Free Report) by 2,787.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,775 shares of the company’s stock after purchasing an additional 5,575 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Coca-Cola Consolidated were worth $885,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Prudential PLC purchased a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at about $3,043,000. Vise Technologies Inc. purchased a new stake in Coca-Cola Consolidated during the 4th quarter valued at approximately $437,000. State of Wyoming raised its stake in Coca-Cola Consolidated by 384.1% during the 4th quarter. State of Wyoming now owns 1,278 shares of the company’s stock valued at $196,000 after acquiring an additional 1,014 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Coca-Cola Consolidated by 60.3% during the 4th quarter. Sivia Capital Partners LLC now owns 2,760 shares of the company’s stock valued at $423,000 after acquiring an additional 1,038 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its stake in Coca-Cola Consolidated by 17.9% during the 4th quarter. Dynasty Wealth Management LLC now owns 3,332 shares of the company’s stock valued at $511,000 after acquiring an additional 506 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Consolidated Stock Up 5.7%
COKE opened at $179.91 on Friday. The business has a 50 day moving average price of $185.72 and a two-hundred day moving average price of $175.29. The company has a quick ratio of 0.91, a current ratio of 1.23 and a debt-to-equity ratio of 0.88. The company has a market cap of $11.97 billion, a PE ratio of 24.61 and a beta of 0.55. Coca-Cola Consolidated, Inc. has a 52 week low of $105.44 and a 52 week high of $219.65.
Coca-Cola Consolidated Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 24th were given a dividend of $0.25 per share. The ex-dividend date was Friday, April 24th. This represents a $1.00 annualized dividend and a yield of 0.6%. Coca-Cola Consolidated’s payout ratio is presently 13.68%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.
Read Our Latest Report on Coca-Cola Consolidated
Coca-Cola Consolidated Company Profile
Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.
Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.
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