Almanack Investment Partners LLC. Acquires Shares of 393 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Almanack Investment Partners LLC. bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, Holdings Channel reports. The firm bought 393 shares of the company’s stock, valued at approximately $495,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 74,390.2% in 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 during the last quarter. State Street Corp lifted its stake in shares of Coca-Cola Consolidated by 18.4% in the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after purchasing an additional 26,752 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 16.3% in the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after purchasing an additional 17,408 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Coca-Cola Consolidated by 151.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,596 shares of the company’s stock valued at $27,113,000 after purchasing an additional 12,393 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in Coca-Cola Consolidated by 133.5% during the 3rd quarter. Franklin Resources Inc. now owns 9,480 shares of the company’s stock valued at $12,339,000 after buying an additional 5,420 shares during the period. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Price Performance

COKE stock opened at $1,371.57 on Friday. The stock has a market cap of $12.01 billion, a PE ratio of 23.87 and a beta of 0.89. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,438.50. The company has a 50-day moving average price of $1,293.59 and a 200 day moving average price of $1,270.84. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.73%. Coca-Cola Consolidated’s payout ratio is 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.