3,881 Shares in Coca-Cola Consolidated, Inc. $COKE Bought by Patron Partners LLC

Patron Partners LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the third quarter, Holdings Channel.com reports. The firm acquired 3,881 shares of the company’s stock, valued at approximately $455,000.

Several other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Coca-Cola Consolidated by 9.8% during the 3rd quarter. Blue Trust Inc. now owns 909 shares of the company’s stock valued at $106,000 after purchasing an additional 81 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Coca-Cola Consolidated by 0.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 12,080 shares of the company’s stock valued at $1,415,000 after buying an additional 100 shares during the period. Forum Financial Management LP grew its stake in shares of Coca-Cola Consolidated by 5.4% during the third quarter. Forum Financial Management LP now owns 2,014 shares of the company’s stock valued at $236,000 after buying an additional 103 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Coca-Cola Consolidated by 12.1% in the third quarter. GAMMA Investing LLC now owns 1,162 shares of the company’s stock worth $136,000 after buying an additional 125 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Coca-Cola Consolidated by 5.2% during the 3rd quarter. Inspire Investing LLC now owns 2,643 shares of the company’s stock worth $310,000 after acquiring an additional 131 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $150.21 on Monday. The firm’s 50 day simple moving average is $158.59 and its 200-day simple moving average is $134.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. Coca-Cola Consolidated, Inc. has a one year low of $105.21 and a one year high of $169.49. The firm has a market cap of $12.84 billion, a PE ratio of 21.39 and a beta of 0.65.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Coca-Cola Consolidated’s payout ratio is 14.25%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Coca-Cola Consolidated

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.