GSA Capital Partners LLP Raises Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

GSA Capital Partners LLP grew its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 36.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 900 shares of the company’s stock after buying an additional 239 shares during the quarter. GSA Capital Partners LLP’s holdings in Coca-Cola Consolidated were worth $1,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in COKE. V Square Quantitative Management LLC purchased a new stake in Coca-Cola Consolidated during the 3rd quarter valued at $37,000. EntryPoint Capital LLC purchased a new stake in shares of Coca-Cola Consolidated during the first quarter valued at $30,000. UMB Bank n.a. increased its holdings in Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after buying an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Coca-Cola Consolidated in the 2nd quarter worth about $62,000. Finally, GAMMA Investing LLC lifted its stake in Coca-Cola Consolidated by 137.0% during the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after acquiring an additional 37 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,215.21 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average price of $1,263.63 and a 200-day moving average price of $1,151.05. Coca-Cola Consolidated, Inc. has a 52 week low of $686.75 and a 52 week high of $1,376.84. The firm has a market capitalization of $10.65 billion, a PE ratio of 21.15 and a beta of 0.85.

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

Coca-Cola Consolidated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 25th were given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, October 25th. This is a boost from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. Coca-Cola Consolidated’s dividend payout ratio is 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.