U.S. Capital Wealth Advisors LLC Purchases New Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

U.S. Capital Wealth Advisors LLC acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,610 shares of the company’s stock, valued at approximately $3,289,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Coca-Cola Consolidated by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock valued at $25,239,000 after acquiring an additional 1,453 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Coca-Cola Consolidated by 8.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock valued at $7,818,000 after purchasing an additional 474 shares during the period. International Assets Investment Management LLC increased its position in shares of Coca-Cola Consolidated by 74,390.2% during the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after purchasing an additional 152,500 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth $1,022,000. Finally, Dorsey Wright & Associates purchased a new position in shares of Coca-Cola Consolidated in the 3rd quarter worth about $1,468,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,367.62 on Monday. The company has a market capitalization of $11.98 billion, a PE ratio of 23.80 and a beta of 0.89. 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 52-week low of $800.76 and a 52-week high of $1,438.50. The company has a 50-day simple moving average of $1,289.28 and a 200 day simple moving average of $1,265.43.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.73%. 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.