4,120 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by Inceptionr LLC

Inceptionr LLC bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,120 shares of the company’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Coca-Cola Consolidated in the 2nd quarter worth about $280,669,000. Boston Partners boosted its stake in shares of Coca-Cola Consolidated by 942.2% in the 2nd quarter. Boston Partners now owns 2,089,876 shares of the company’s stock worth $233,345,000 after buying an additional 1,889,358 shares during the last quarter. State Street Corp boosted its stake in shares of Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after buying an additional 1,544,516 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Coca-Cola Consolidated by 119.3% in the third quarter. First Trust Advisors LP now owns 1,433,570 shares of the company’s stock valued at $167,957,000 after acquiring an additional 779,915 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Coca-Cola Consolidated by 882.9% during the second quarter. Geode Capital Management LLC now owns 1,302,088 shares of the company’s stock valued at $145,398,000 after acquiring an additional 1,169,611 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 0.8%

COKE opened at $209.29 on Thursday. Coca-Cola Consolidated, Inc. has a twelve month low of $105.21 and a twelve month high of $210.15. The company’s 50-day moving average price is $167.39 and its two-hundred day moving average price is $148.71. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 30.70 and a beta of 0.60. The company has a quick ratio of 0.97, a current ratio of 1.26 and a debt-to-equity ratio of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 earnings per share (EPS) for the quarter. The company had revenue of $1.90 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, January 23rd. Coca-Cola Consolidated’s payout ratio is currently 14.66%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.