New Mexico Educational Retirement Board Acquires 299 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

New Mexico Educational Retirement Board grew its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 33.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,199 shares of the company’s stock after buying an additional 299 shares during the period. New Mexico Educational Retirement Board’s holdings in Coca-Cola Consolidated were worth $1,511,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after buying an additional 26,752 shares in the last quarter. International Assets Investment Management LLC boosted its holdings 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 buying an additional 152,500 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock valued at $163,868,000 after buying an additional 17,408 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 buying an additional 12,393 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $1,408.59 on Monday. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 24.51 and a beta of 0.89. The firm’s 50-day moving average is $1,307.02 and its 200 day moving average is $1,285.47. 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.

Coca-Cola Consolidated Announces Dividend

The company 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 of this dividend was Friday, January 24th. Coca-Cola Consolidated’s payout ratio is 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.