Coca-Cola Consolidated, Inc. (COKE) to Issue Quarterly Dividend of $0.25 on February 6th

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced a quarterly dividend on Friday, January 9th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.25 per share on Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, January 23rd.

Coca-Cola Consolidated has increased its dividend by an average of 0.8%per year over the last three years and has raised its dividend annually for the last 2 consecutive years.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE traded up $1.49 during midday trading on Wednesday, hitting $154.60. The company’s stock had a trading volume of 89,781 shares, compared to its average volume of 431,317. The company has a market cap of $13.21 billion, a P/E ratio of 21.97 and a beta of 0.65. Coca-Cola Consolidated has a 12-month low of $105.21 and a 12-month high of $169.49. The business’s 50 day simple moving average is $159.05 and its 200 day simple moving average is $133.87. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04.

Hedge Funds Weigh In On Coca-Cola Consolidated

A number of institutional investors have recently bought and sold shares of the company. Mezzasalma Advisors LLC boosted its holdings in Coca-Cola Consolidated by 29.5% in the 4th quarter. Mezzasalma Advisors LLC now owns 12,512 shares of the company’s stock valued at $1,875,000 after purchasing an additional 2,852 shares during the last quarter. Ethos Financial Group LLC purchased a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at approximately $607,000. Stratos Wealth Partners LTD. lifted its holdings in Coca-Cola Consolidated by 10.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,040 shares of the company’s stock valued at $926,000 after acquiring an additional 554 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in Coca-Cola Consolidated in the fourth quarter worth approximately $230,000. Finally, Perigon Wealth Management LLC acquired a new stake in Coca-Cola Consolidated during the fourth quarter worth $209,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

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.