Coca-Cola Consolidated, Inc. (NASDAQ:COKE) is Navellier & Associates Inc.’s 6th Largest Position

Navellier & Associates Inc. grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 67.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,885 shares of the company’s stock after buying an additional 5,976 shares during the quarter. Coca-Cola Consolidated makes up about 2.2% of Navellier & Associates Inc.’s portfolio, making the stock its 6th largest holding. Navellier & Associates Inc.’s holdings in Coca-Cola Consolidated were worth $18,755,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock worth $226,959,000 after purchasing an additional 26,752 shares during the last quarter. International Assets Investment Management LLC grew its stake in 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 acquiring an additional 152,500 shares in the last quarter. Geode Capital Management LLC raised its holdings in Coca-Cola Consolidated by 16.3% in the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock valued at $163,868,000 after acquiring an additional 17,408 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Coca-Cola Consolidated by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Coca-Cola Consolidated by 1.6% during the 3rd quarter. Natixis Advisors LLC now owns 15,792 shares of the company’s stock worth $20,788,000 after purchasing an additional 254 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

COKE stock opened at $1,382.86 on Friday. Coca-Cola Consolidated, Inc. has a 1 year low of $800.76 and a 1 year high of $1,460.92. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm has a market capitalization of $12.11 billion, a PE ratio of 24.07 and a beta of 0.89. The business has a 50 day simple moving average of $1,320.38 and a 200-day simple moving average of $1,290.61.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%. The company had revenue of $1.75 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, January 24th. 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.