Principal Securities Inc. Buys Shares of 105 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Principal Securities Inc. purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 105 shares of the company’s stock, valued at approximately $97,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Command Advisory Services Inc. bought a new position in shares of Coca-Cola Consolidated in the third quarter valued at approximately $38,000. CWM LLC grew its stake in shares of Coca-Cola Consolidated by 22.2% in the fourth quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after acquiring an additional 12 shares during the last quarter. Fifth Third Bancorp increased its position in Coca-Cola Consolidated by 163.0% during the third quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after acquiring an additional 44 shares during the period. Sunbelt Securities Inc. raised its stake in Coca-Cola Consolidated by 100.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock valued at $47,000 after purchasing an additional 37 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Coca-Cola Consolidated during the 4th quarter worth about $122,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

COKE opened at $981.17 on Wednesday. The stock’s 50 day simple moving average is $860.78 and its 200-day simple moving average is $840.95. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The stock has a market cap of $9.19 billion, a PE ratio of 20.21 and a beta of 0.73. Coca-Cola Consolidated, Inc. has a 1 year low of $614.22 and a 1 year high of $1,030.00.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 6.83% and a return on equity of 42.10%. The firm had revenue of $1.63 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a $0.50 dividend. The ex-dividend date was Thursday, April 25th. This represents a $2.00 dividend on an annualized basis and a yield of 0.20%. Coca-Cola Consolidated’s payout ratio is currently 4.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 15th.

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.