Headlands Technologies LLC Invests $122,000 in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Headlands Technologies LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 131 shares of the company’s stock, valued at approximately $122,000.

Several other institutional investors also recently bought and sold shares of COKE. Exchange Traded Concepts LLC purchased a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at $586,000. Commonwealth Equity Services LLC lifted its holdings in shares of Coca-Cola Consolidated by 10.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,932 shares of the company’s stock valued at $1,230,000 after buying an additional 186 shares during the period. Independent Advisor Alliance grew its holdings in Coca-Cola Consolidated by 1.7% during the third quarter. Independent Advisor Alliance now owns 976 shares of the company’s stock worth $621,000 after acquiring an additional 16 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Coca-Cola Consolidated by 6.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 485 shares of the company’s stock valued at $309,000 after acquiring an additional 31 shares in the last quarter. Finally, Assetmark Inc. acquired a new position in Coca-Cola Consolidated in the third quarter valued at approximately $905,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

Coca-Cola Consolidated Trading Up 1.4 %

Shares of Coca-Cola Consolidated stock opened at $834.05 on Tuesday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $584.69 and a fifty-two week high of $961.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.56. The company has a market cap of $7.82 billion, a P/E ratio of 19.19 and a beta of 0.74. The firm has a 50-day simple moving average of $831.85 and a two-hundred day simple moving average of $808.95.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share for the quarter. The company had revenue of $1.63 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 25th. This represents a $2.00 annualized dividend and a dividend yield of 0.24%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 4.60%.

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; 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.