Virtu Financial LLC Purchases Shares of 8,483 Coca-Cola Consolidated, Inc. $COKE

Virtu Financial LLC acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 8,483 shares of the company’s stock, valued at approximately $1,300,000.

A number of other large investors have also made changes to their positions in COKE. Vanguard Group Inc. grew its position in Coca-Cola Consolidated by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 5,686,058 shares of the company’s stock worth $871,673,000 after buying an additional 341,374 shares in the last quarter. Boston Partners lifted its position in shares of Coca-Cola Consolidated by 7.8% in the 4th quarter. Boston Partners now owns 2,329,643 shares of the company’s stock worth $357,091,000 after acquiring an additional 169,555 shares during the period. First Trust Advisors LP grew its holdings in shares of Coca-Cola Consolidated by 42.1% during the 4th quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock worth $312,285,000 after purchasing an additional 603,513 shares in the last quarter. State Street Corp grew its holdings in shares of Coca-Cola Consolidated by 836.9% during the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after purchasing an additional 1,544,516 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $222,408,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $181.54 on Friday. The business’s fifty day moving average price is $184.14 and its two-hundred day moving average price is $176.85. Coca-Cola Consolidated, Inc. has a fifty-two week low of $105.97 and a fifty-two week high of $219.65. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 24.83 and a beta of 0.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.91.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 138.44% and a net margin of 7.72%.The company had revenue of $1.71 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 13.68%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Coca-Cola Consolidated currently has a consensus rating of “Buy”.

About Coca-Cola Consolidated

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.