Linden Thomas Advisory Services LLC Purchases New Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Linden Thomas Advisory Services LLC purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 285 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors also recently bought and sold shares of COKE. Foundry Partners LLC lifted its holdings in shares of Coca-Cola Consolidated by 9.2% during the 4th quarter. Foundry Partners LLC now owns 9,182 shares of the company’s stock valued at $8,525,000 after acquiring an additional 776 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Coca-Cola Consolidated by 40.9% during the fourth quarter. Handelsbanken Fonder AB now owns 1,033 shares of the company’s stock worth $959,000 after purchasing an additional 300 shares in the last quarter. CWM LLC boosted its position in shares of Coca-Cola Consolidated by 22.2% in the fourth quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after buying an additional 12 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at about $255,000. Finally, Xponance Inc. lifted its position in Coca-Cola Consolidated by 1.8% during the 4th quarter. Xponance Inc. now owns 690 shares of the company’s stock worth $641,000 after acquiring an additional 12 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $822.44 on Friday. Coca-Cola Consolidated, Inc. has a 12-month low of $563.38 and a 12-month high of $961.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 18.92 and a beta of 0.74. The firm’s fifty day moving average price is $832.57 and its 200 day moving average price is $804.17.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%. The business had revenue of $1.63 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, April 25th. Coca-Cola Consolidated’s payout ratio is 4.60%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

About Coca-Cola Consolidated

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.