State of New Jersey Common Pension Fund D Grows Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

State of New Jersey Common Pension Fund D boosted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKEGet Rating) by 11.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,820 shares of the company’s stock after buying an additional 490 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Coca-Cola Consolidated were worth $1,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Coca-Cola Consolidated by 566.7% in the 3rd quarter. Fifth Third Bancorp now owns 60 shares of the company’s stock worth $25,000 after acquiring an additional 51 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in Coca-Cola Consolidated in the 2nd quarter worth about $51,000. CWM LLC lifted its stake in Coca-Cola Consolidated by 157.4% in the third quarter. CWM LLC now owns 139 shares of the company’s stock worth $57,000 after purchasing an additional 85 shares during the last quarter. Covestor Ltd boosted its position in shares of Coca-Cola Consolidated by 5,600.0% during the first quarter. Covestor Ltd now owns 114 shares of the company’s stock valued at $57,000 after buying an additional 112 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Coca-Cola Consolidated by 69.3% during the first quarter. Geneos Wealth Management Inc. now owns 127 shares of the company’s stock valued at $63,000 after buying an additional 52 shares during the last quarter. 36.33% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 0.4 %

NASDAQ COKE opened at $478.23 on Friday. The stock has a market cap of $4.48 billion, a PE ratio of 13.58 and a beta of 0.94. Coca-Cola Consolidated, Inc. has a 12 month low of $405.03 and a 12 month high of $656.11. The company’s 50-day moving average price is $494.28 and its 200-day moving average price is $485.71. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.60.

Coca-Cola Consolidated (NASDAQ:COKEGet Rating) last issued its earnings results on Tuesday, November 1st. The company reported $14.81 EPS for the quarter. The business had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a net margin of 5.49% and a return on equity of 45.79%.

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Friday, January 27th will be given a dividend of $3.50 per share. This is an increase from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, January 26th. This represents a $14.00 dividend on an annualized basis and a yield of 2.93%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 2.84%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Coca-Cola Consolidated in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company.

Coca-Cola Consolidated Profile

(Get Rating)

Coca-Cola Consolidated, Inc engages in the production, marketing, and distribution of nonalcoholic beverages. Its products include sparkling and still beverages as well as energy products and noncarbonated beverages such as bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.

Further Reading

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Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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