State of New Jersey Common Pension Fund D decreased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Rating) by 13.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,330 shares of the company’s stock after selling 688 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Coca-Cola Consolidated were worth $2,151,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its position in shares of Coca-Cola Consolidated by 416.7% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 62 shares of the company’s stock valued at $31,000 after acquiring an additional 50 shares during the last quarter. CWM LLC bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at $32,000. Gladius Capital Management LP bought a new stake in shares of Coca-Cola Consolidated in the 1st quarter valued at $65,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Coca-Cola Consolidated in the 1st quarter valued at $87,000. Finally, UMB Bank N A MO bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter valued at $94,000. Institutional investors own 61.07% of the company’s stock.
Coca-Cola Consolidated Price Performance
COKE opened at $507.48 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.76. Coca-Cola Consolidated, Inc. has a 12 month low of $378.15 and a 12 month high of $656.11. The company has a fifty day simple moving average of $548.00 and a 200 day simple moving average of $525.91. The stock has a market cap of $4.76 billion, a P/E ratio of 20.76 and a beta of 0.89.
Coca-Cola Consolidated Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Wednesday, July 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. Coca-Cola Consolidated’s dividend payout ratio is 4.09%.
Coca-Cola Consolidated Company 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, such as carbonated 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.
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