Empowered Funds LLC Has $8.06 Million Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Empowered Funds LLC boosted its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 63.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,123 shares of the company’s stock after purchasing an additional 2,385 shares during the quarter. Empowered Funds LLC’s holdings in Coca-Cola Consolidated were worth $8,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC boosted its holdings in Coca-Cola Consolidated by 50.6% during the first quarter. SG Americas Securities LLC now owns 405 shares of the company’s stock worth $343,000 after purchasing an additional 136 shares during the last quarter. Swiss National Bank grew its holdings in shares of Coca-Cola Consolidated by 9.1% in the first quarter. Swiss National Bank now owns 10,765 shares of the company’s stock valued at $9,112,000 after acquiring an additional 900 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Coca-Cola Consolidated by 4.9% in the first quarter. ProShare Advisors LLC now owns 1,087 shares of the company’s stock valued at $920,000 after acquiring an additional 51 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Coca-Cola Consolidated by 5.3% during the first quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after acquiring an additional 30,443 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Coca-Cola Consolidated during the first quarter worth $4,141,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Price Performance

COKE opened at $1,210.70 on Friday. The firm has a market cap of $10.61 billion, a P/E ratio of 21.07 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. Coca-Cola Consolidated, Inc. has a fifty-two week low of $688.50 and a fifty-two week high of $1,376.84. The firm has a 50-day moving average of $1,258.58 and a 200 day moving average of $1,154.11.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. The business had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were given a dividend of $2.50 per share. This is an increase from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, October 25th. This represents a $10.00 dividend on an annualized basis and a yield of 0.83%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 17.40%.

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.