Janney Montgomery Scott LLC Increases Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Janney Montgomery Scott LLC grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,046 shares of the company’s stock after acquiring an additional 29 shares during the period. Janney Montgomery Scott LLC’s holdings in Coca-Cola Consolidated were worth $2,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of COKE. Texas Permanent School Fund Corp increased its position in Coca-Cola Consolidated by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 4,102 shares of the company’s stock worth $3,472,000 after buying an additional 53 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Coca-Cola Consolidated by 50.6% during the 1st quarter. SG Americas Securities LLC now owns 405 shares of the company’s stock valued at $343,000 after acquiring an additional 136 shares during the period. Swiss National Bank grew its stake in shares of Coca-Cola Consolidated by 9.1% during the 1st 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 during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Coca-Cola Consolidated in the 1st quarter worth approximately $237,000. Finally, Inspire Investing LLC raised its stake in Coca-Cola Consolidated by 3.1% during the 1st quarter. Inspire Investing LLC now owns 426 shares of the company’s stock worth $361,000 after acquiring an additional 13 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 0.3 %

COKE opened at $1,220.87 on Tuesday. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 21.25 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. The firm’s fifty day moving average is $1,267.92 and its 200 day moving average is $1,147.57. Coca-Cola Consolidated, Inc. has a fifty-two week low of $672.47 and a fifty-two week high of $1,376.84.

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

Coca-Cola Consolidated Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a $2.50 dividend. This is a boost from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 17.40%.

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.