Lecap Asset Management Ltd. Takes $395,000 Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Lecap Asset Management Ltd. acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 300 shares of the company’s stock, valued at approximately $395,000.

Several other large investors have also recently added to or reduced their stakes in COKE. EntryPoint Capital LLC bought a new position in shares of Coca-Cola Consolidated in the first quarter worth $30,000. V Square Quantitative Management LLC bought a new position in Coca-Cola Consolidated in the 3rd quarter valued at about $37,000. EverSource Wealth Advisors LLC increased its stake in Coca-Cola Consolidated by 102.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after buying an additional 35 shares during the period. UMB Bank n.a. raised its position in shares of Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after buying an additional 13 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Coca-Cola Consolidated in the second quarter valued at approximately $62,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $1,263.76 on Friday. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 26.02 and a beta of 0.82. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.97 and a quick ratio of 1.75. Coca-Cola Consolidated, Inc. has a 12 month low of $628.00 and a 12 month high of $1,376.84. The stock’s 50 day moving average price is $1,298.88 and its 200 day moving average price is $1,112.36.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $20.71 earnings per share for the quarter. The business had revenue of $1.80 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.83% and a net margin of 7.52%.

Coca-Cola Consolidated Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a $2.50 dividend. This is an increase from Coca-Cola Consolidated’s previous dividend of $0.25. The ex-dividend date of this dividend is Friday, October 25th. Coca-Cola Consolidated’s payout ratio is presently 20.59%.

About Coca-Cola Consolidated

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.