Newbridge Financial Services Group Inc. Acquires Shares of 23 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Newbridge Financial Services Group Inc. acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Almanack Investment Partners LLC. bought a new position in Coca-Cola Consolidated during the fourth quarter valued at $495,000. Mezzasalma Advisors LLC bought a new position in Coca-Cola Consolidated during the fourth quarter valued at $566,000. Bleakley Financial Group LLC bought a new position in shares of Coca-Cola Consolidated in the fourth quarter worth $200,000. Caitlin John LLC boosted its holdings in shares of Coca-Cola Consolidated by 2.6% in the fourth quarter. Caitlin John LLC now owns 1,276 shares of the company’s stock worth $1,607,000 after acquiring an additional 32 shares during the period. Finally, Meritage Portfolio Management boosted its holdings in shares of Coca-Cola Consolidated by 12.5% in the fourth quarter. Meritage Portfolio Management now owns 861 shares of the company’s stock worth $1,085,000 after acquiring an additional 96 shares during the period. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $1,415.40 on Wednesday. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,438.50. The business has a fifty day moving average price of $1,299.02 and a 200-day moving average price of $1,279.18. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm has a market capitalization of $12.40 billion, a P/E ratio of 24.63 and a beta of 0.89.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s payout ratio is currently 17.40%.

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.