Measured Wealth Private Client Group LLC Invests $276,000 in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Measured Wealth Private Client Group LLC bought a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 297 shares of the company’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new position in shares of Coca-Cola Consolidated during the third quarter worth $38,000. Fifth Third Bancorp increased its position in Coca-Cola Consolidated by 163.0% during the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock valued at $45,000 after buying an additional 44 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Coca-Cola Consolidated by 100.0% in the third quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock valued at $47,000 after buying an additional 37 shares during the last quarter. CWM LLC boosted its holdings in Coca-Cola Consolidated by 22.2% in the fourth quarter. CWM LLC now owns 66 shares of the company’s stock worth $61,000 after acquiring an additional 12 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Coca-Cola Consolidated by 40.4% during the third quarter. Covestor Ltd now owns 132 shares of the company’s stock worth $85,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

Coca-Cola Consolidated Stock Performance

Shares of COKE traded up $12.37 during trading hours on Friday, reaching $853.40. 42,672 shares of the company traded hands, compared to its average volume of 36,577. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average price of $832.46 and a 200-day moving average price of $813.53. Coca-Cola Consolidated, Inc. has a 12-month low of $610.47 and a 12-month high of $961.91. The stock has a market capitalization of $8.00 billion, a P/E ratio of 19.63 and a beta of 0.73.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $13.39 EPS for the quarter. The company had revenue of $1.63 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.60%.

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.