Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Acquired by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC increased its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 16.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 202 shares of the company’s stock after acquiring an additional 28 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Coca-Cola Consolidated were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new stake in Coca-Cola Consolidated in the fourth quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of 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 valued at $47,000 after buying an additional 34 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Coca-Cola Consolidated in the 4th quarter valued at $52,000. Finally, UMB Bank n.a. increased its holdings in Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $1,415.40 on Wednesday. The company has a fifty day moving average of $1,299.02 and a two-hundred day moving average of $1,279.18. Coca-Cola Consolidated, Inc. has a fifty-two week low of $800.76 and a fifty-two week high of $1,438.50. The stock has a market capitalization of $12.40 billion, a PE ratio of 24.63 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is presently 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.