Pullen Investment Management LLC Acquires 152 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Pullen Investment Management LLC grew its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 15.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,126 shares of the company’s stock after buying an additional 152 shares during the quarter. Pullen Investment Management LLC’s holdings in Coca-Cola Consolidated were worth $1,482,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new stake in Coca-Cola Consolidated during the first quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Coca-Cola Consolidated in the third quarter valued at $37,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Coca-Cola Consolidated by 102.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after acquiring an additional 35 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after acquiring an additional 13 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth about $62,000. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $1,248.85 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. The company’s 50-day moving average is $1,298.64 and its 200 day moving average is $1,117.12. Coca-Cola Consolidated, Inc. has a 1-year low of $628.00 and a 1-year high of $1,376.84. The firm has a market capitalization of $11.71 billion, a P/E ratio of 25.72 and a beta of 0.82.

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

Coca-Cola Consolidated Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 25th will be given a dividend of $2.50 per share. The ex-dividend date is Friday, October 25th. This is a positive change from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.80%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 20.59%.

Coca-Cola Consolidated Profile

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.