Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,385 shares of the company’s stock after selling 334 shares during the quarter. Ritholtz Wealth Management’s holdings in Coca-Cola Consolidated were worth $3,005,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Coca-Cola Consolidated by 10.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,656 shares of the company’s stock valued at $3,967,000 after buying an additional 336 shares during the last quarter. Amalgamated Bank raised its holdings in Coca-Cola Consolidated by 28.2% in the second quarter. Amalgamated Bank now owns 3,151 shares of the company’s stock valued at $3,419,000 after acquiring an additional 693 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Coca-Cola Consolidated by 31.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 609 shares of the company’s stock valued at $661,000 after acquiring an additional 146 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Coca-Cola Consolidated during the 2nd quarter worth $248,000. Finally, Intech Investment Management LLC bought a new stake in shares of Coca-Cola Consolidated in the 2nd quarter worth about $1,086,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,386.37 on Friday. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 24.13 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,438.50. The company’s 50-day simple moving average is $1,266.44 and its 200-day simple moving average is $1,244.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%. The company had revenue of $1.77 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 17.40%.

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.