International Assets Investment Management LLC Invests $174.97 Million in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

International Assets Investment Management LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 188,465 shares of the company's stock, valued at approximately $174,971,000. Coca-Cola Consolidated makes up about 0.5% of International Assets Investment Management LLC's portfolio, making the stock its 19th largest holding. International Assets Investment Management LLC owned approximately 2.01% of Coca-Cola Consolidated at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Coca-Cola Consolidated by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 580,785 shares of the company's stock valued at $369,565,000 after buying an additional 19,877 shares in the last quarter. American Century Companies Inc. increased its stake in Coca-Cola Consolidated by 3.8% in the 3rd quarter. American Century Companies Inc. now owns 44,460 shares of the company's stock worth $28,291,000 after purchasing an additional 1,628 shares during the period. Janney Montgomery Scott LLC increased its stake in Coca-Cola Consolidated by 36.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,173 shares of the company's stock worth $747,000 after purchasing an additional 311 shares during the period. Invesco Ltd. increased its stake in Coca-Cola Consolidated by 4.6% in the 3rd quarter. Invesco Ltd. now owns 114,973 shares of the company's stock worth $73,160,000 after purchasing an additional 5,084 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in Coca-Cola Consolidated by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company's stock worth $47,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 48.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Coca-Cola Consolidated from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 23rd.

Coca-Cola Consolidated Trading Up 1.5 %

Coca-Cola Consolidated stock traded up $12.37 during trading hours on Friday, reaching $853.40. The company had a trading volume of 42,461 shares, compared to its average volume of 44,875. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. The company has a 50-day moving average price of $832.46 and a 200 day moving average price of $812.27. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 19.63 and a beta of 0.73. Coca-Cola Consolidated, Inc. has a 12-month low of $610.47 and a 12-month high of $961.91.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 earnings per share for the quarter. The firm had revenue of $1.63 billion for 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 disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.23%. Coca-Cola Consolidated's dividend payout ratio is currently 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.