Measured Wealth Private Client Group LLC Trims Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Measured Wealth Private Client Group LLC cut its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 315 shares of the company’s stock after selling 16 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Coca-Cola Consolidated were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Coca-Cola Consolidated during the third quarter valued at $37,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Coca-Cola Consolidated by 1,133.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock worth $47,000 after acquiring an additional 34 shares in the last quarter. UMB Bank n.a. increased its position in Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after purchasing an additional 13 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $72,000. Finally, Sound Income Strategies LLC lifted its position in shares of Coca-Cola Consolidated by 143.3% in the 4th quarter. Sound Income Strategies LLC now owns 73 shares of the company’s stock worth $92,000 after purchasing an additional 43 shares during the period. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

NASDAQ COKE opened at $1,360.13 on Friday. The company has a market cap of $11.92 billion, a PE ratio of 23.67 and a beta of 0.89. The firm’s 50 day moving average price is $1,292.63 and its 200-day moving average price is $1,270.21. 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.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be given a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $10.00 annualized dividend and a yield of 0.74%. 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.