Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,734 shares of the company's stock after acquiring an additional 1,049 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.77% of Coca-Cola Consolidated worth $66,598,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC raised its position in shares of Coca-Cola Consolidated by 47.7% during the fourth quarter. Private Advisor Group LLC now owns 743 shares of the company's stock worth $690,000 after purchasing an additional 240 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at approximately $276,000. LSV Asset Management increased its position in shares of Coca-Cola Consolidated by 10.4% during the fourth quarter. LSV Asset Management now owns 53,178 shares of the company's stock worth $49,370,000 after acquiring an additional 4,990 shares in the last quarter. Amalgamated Bank lifted its position in Coca-Cola Consolidated by 0.7% in the 4th quarter. Amalgamated Bank now owns 2,958 shares of the company's stock valued at $2,746,000 after acquiring an additional 20 shares in the last quarter. Finally, Heritage Wealth Management LLC acquired a new position in Coca-Cola Consolidated in the 4th quarter worth $306,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock traded down $19.15 during trading hours on Thursday, hitting $932.42. The company had a trading volume of 63,870 shares, compared to its average volume of 47,240. The firm has a 50-day moving average of $850.75 and a 200 day moving average of $831.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.47. The firm has a market cap of $8.74 billion, a PE ratio of 19.60 and a beta of 0.73. Coca-Cola Consolidated, Inc. has a one year low of $614.22 and a one year high of $1,030.00.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted 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 42.10% and a net margin of 6.83%.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.21%. Coca-Cola Consolidated's payout ratio is 4.12%.

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 Wednesday.

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.