Proficio Capital Partners LLC Purchases 453,407 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Proficio Capital Partners LLC grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 197,133.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 453,637 shares of the company’s stock after buying an additional 453,407 shares during the quarter. Proficio Capital Partners LLC owned about 0.05% of Coca-Cola Consolidated worth $571,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. James Investment Research Inc. raised its stake in shares of Coca-Cola Consolidated by 34.7% during the fourth quarter. James Investment Research Inc. now owns 1,825 shares of the company’s stock valued at $2,299,000 after acquiring an additional 470 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Coca-Cola Consolidated by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock valued at $25,239,000 after acquiring an additional 1,453 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Coca-Cola Consolidated by 8.7% during the third quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock valued at $7,818,000 after acquiring an additional 474 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Coca-Cola Consolidated during the third quarter valued at about $1,022,000. Finally, Dorsey Wright & Associates bought a new position in shares of Coca-Cola Consolidated during the third quarter valued at about $1,468,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $1,370.73 on Thursday. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 19.62 and a beta of 0.89. The company has a 50-day moving average price of $1,328.90 and a 200-day moving average price of $1,293.51. 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, Inc. has a 12 month low of $800.76 and a 12 month high of $1,460.92.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%. The company had revenue of $1.75 billion during the quarter.

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 0.73%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s payout ratio is currently 14.32%.

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.