Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC trimmed its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 13.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 174 shares of the company’s stock after selling 28 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Coca-Cola Consolidated were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in COKE. Millennium Management LLC grew its stake in Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after acquiring an additional 160,521 shares during the last quarter. International Assets Investment Management LLC grew its stake in Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after acquiring an additional 152,500 shares during the last quarter. Wallace Capital Management Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth about $90,404,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Coca-Cola Consolidated by 88.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after purchasing an additional 52,491 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Coca-Cola Consolidated by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after purchasing an additional 30,443 shares during the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $1,210.70 on Monday. Coca-Cola Consolidated, Inc. has a 12-month low of $688.50 and a 12-month high of $1,376.84. The stock has a market capitalization of $10.61 billion, a P/E ratio of 21.07 and a beta of 0.85. The firm’s 50-day moving average is $1,258.58 and its two-hundred day moving average is $1,158.70. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The company had revenue of $1.77 billion for the quarter.

Coca-Cola Consolidated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were paid a dividend of $2.50 per share. This is a boost from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. This represents a $10.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, October 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 17.40%.

About Coca-Cola Consolidated

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.