Linden Thomas Advisory Services LLC Makes New $265,000 Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Linden Thomas Advisory Services LLC acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 285 shares of the company’s stock, valued at approximately $265,000.

A number of other institutional investors have also made changes to their positions in the stock. First Command Advisory Services Inc. acquired a new position in Coca-Cola Consolidated during the 3rd quarter worth $38,000. CWM LLC increased 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 purchasing an additional 12 shares during the period. Fifth Third Bancorp lifted its position in shares of Coca-Cola Consolidated by 163.0% during the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after purchasing an additional 44 shares during the last quarter. Sunbelt Securities Inc. boosted 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 period. Finally, Covestor Ltd grew its holdings in Coca-Cola Consolidated by 40.4% in the 3rd quarter. Covestor Ltd now owns 132 shares of the company’s stock valued at $85,000 after buying an additional 38 shares during the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE opened at $822.44 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. Coca-Cola Consolidated, Inc. has a one year low of $563.38 and a one year high of $961.91. The company has a fifty day moving average price of $832.57 and a 200 day moving average price of $804.17. The stock has a market cap of $7.71 billion, a P/E ratio of 18.92 and a beta of 0.74.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, April 25th. This represents a $2.00 annualized dividend and a yield of 0.24%. Coca-Cola Consolidated’s dividend payout ratio is 4.60%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd.

Coca-Cola Consolidated 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.