Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKEFree Report) by 113.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,156 shares of the company’s stock after purchasing an additional 3,808 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of Coca-Cola Consolidated worth $4,554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new stake in Coca-Cola Consolidated in the 2nd quarter valued at $29,000. First Command Advisory Services Inc. acquired a new position in Coca-Cola Consolidated in the 3rd quarter valued at $38,000. Fifth Third Bancorp increased its stake in Coca-Cola Consolidated by 163.0% in the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock valued at $45,000 after buying an additional 44 shares during the period. Spire Wealth Management increased its stake in Coca-Cola Consolidated by 170.4% in the 2nd quarter. Spire Wealth Management now owns 73 shares of the company’s stock valued at $46,000 after buying an additional 46 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Coca-Cola Consolidated by 34.3% in the 4th quarter. Macquarie Group Ltd. now owns 90 shares of the company’s stock valued at $46,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 39.64% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $854.68 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.49 and a current ratio of 1.85. Coca-Cola Consolidated, Inc. has a 1 year low of $495.11 and a 1 year high of $961.91. The stock has a market capitalization of $8.01 billion, a P/E ratio of 17.81 and a beta of 0.79. The company’s fifty day moving average is $880.46 and its two-hundred day moving average is $745.88.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a None dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were paid a dividend of $16.50 per share. The ex-dividend date was Thursday, January 25th. This represents a dividend yield of 0.2%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.17%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 15th.

Check Out Our Latest Stock Report on Coca-Cola Consolidated

About Coca-Cola Consolidated

(Free Report)

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

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