Meeder Asset Management Inc. Makes New $2.91 Million Investment in Coca-Cola Consolidated, Inc. $COKE

Meeder Asset Management Inc. bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,841 shares of the company’s stock, valued at approximately $2,910,000.

A number of other institutional investors have also recently made changes to their positions in COKE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Coca-Cola Consolidated by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock worth $23,289,000 after purchasing an additional 1,385 shares in the last quarter. Intech Investment Management LLC boosted its stake in Coca-Cola Consolidated by 80.5% during the 1st quarter. Intech Investment Management LLC now owns 2,688 shares of the company’s stock worth $3,629,000 after purchasing an additional 1,199 shares during the last quarter. Strs Ohio acquired a new stake in shares of Coca-Cola Consolidated in the first quarter valued at about $1,908,000. Voya Investment Management LLC lifted its stake in shares of Coca-Cola Consolidated by 28.4% in the first quarter. Voya Investment Management LLC now owns 7,228 shares of the company’s stock worth $9,758,000 after buying an additional 1,598 shares in the last quarter. Finally, Investors Research Corp boosted its position in Coca-Cola Consolidated by 900.0% during the second quarter. Investors Research Corp now owns 650 shares of the company’s stock worth $73,000 after acquiring an additional 585 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $150.35 on Monday. The firm has a 50 day simple moving average of $157.23 and a 200-day simple moving average of $132.03. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 21.41 and a beta of 0.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.79. Coca-Cola Consolidated, Inc. has a 1-year low of $105.21 and a 1-year high of $169.49.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.00 annualized dividend and a yield of 0.7%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 14.25%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently 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.