Wingate Wealth Advisors Inc. Makes New Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Wingate Wealth Advisors Inc. bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 41 shares of the company’s stock, valued at approximately $52,000.

A number of other large investors have also added to or reduced their stakes in COKE. International Assets Investment Management LLC grew its position in Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after purchasing an additional 152,500 shares during the period. State Street Corp grew its position in Coca-Cola Consolidated by 18.4% in the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock worth $226,959,000 after purchasing an additional 26,752 shares during the period. Geode Capital Management LLC grew its position in Coca-Cola Consolidated by 16.3% in the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after purchasing an additional 17,408 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Coca-Cola Consolidated by 151.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock valued at $27,113,000 after acquiring an additional 12,393 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Coca-Cola Consolidated by 133.5% in the 3rd quarter. Franklin Resources Inc. now owns 9,480 shares of the company’s stock worth $12,339,000 after purchasing an additional 5,420 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 2.2 %

NASDAQ:COKE opened at $1,402.42 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 24.41 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,438.50. The business has a fifty day moving average price of $1,296.80 and a 200-day moving average price of $1,277.17.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.71%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 17.40%.

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.