3,915 Shares in Coca-Cola Consolidated, Inc. $COKE Purchased by State of Wyoming

State of Wyoming purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,915 shares of the company’s stock, valued at approximately $437,000.

Several other hedge funds also recently modified their holdings of COKE. Semmax Financial Advisors Inc. acquired a new position in shares of Coca-Cola Consolidated in the 1st quarter worth approximately $50,000. Freestone Capital Holdings LLC bought a new position in Coca-Cola Consolidated in the 1st quarter valued at $217,000. Quantbot Technologies LP raised its position in Coca-Cola Consolidated by 212.1% in the 1st quarter. Quantbot Technologies LP now owns 181 shares of the company’s stock valued at $244,000 after purchasing an additional 123 shares during the last quarter. Petrus Trust Company LTA bought a new stake in shares of Coca-Cola Consolidated during the first quarter worth $248,000. Finally, Westbourne Investments Inc. bought a new stake in shares of Coca-Cola Consolidated during the first quarter worth $256,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 1.8%

NASDAQ COKE opened at $162.97 on Wednesday. The stock has a market capitalization of $13.93 billion, a P/E ratio of 23.20 and a beta of 0.63. Coca-Cola Consolidated, Inc. has a 52 week low of $105.21 and a 52 week high of $168.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. The stock has a fifty day moving average of $146.91 and a 200-day moving average of $125.91.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s payout ratio is currently 14.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated has a consensus rating of “Buy”.

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.