Empowered Funds LLC Buys 2,385 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Empowered Funds LLC grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 63.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,123 shares of the company’s stock after acquiring an additional 2,385 shares during the period. Empowered Funds LLC owned 0.07% of Coca-Cola Consolidated worth $8,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. ING Groep NV bought a new stake in Coca-Cola Consolidated in the 3rd quarter valued at $3,818,000. KBC Group NV lifted its stake in Coca-Cola Consolidated by 87.4% in the third quarter. KBC Group NV now owns 268 shares of the company’s stock valued at $353,000 after acquiring an additional 125 shares during the last quarter. ROI Financial Advisors LLC lifted its stake in Coca-Cola Consolidated by 66.7% in the 3rd quarter. ROI Financial Advisors LLC now owns 360 shares of the company’s stock valued at $474,000 after purchasing an additional 144 shares during the last quarter. D Orazio & Associates Inc. bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $204,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth about $421,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $1,210.70 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $1,258.58 and its 200-day moving average is $1,154.11. Coca-Cola Consolidated, Inc. has a 1-year low of $688.50 and a 1-year high of $1,376.84. The firm has a market cap of $10.61 billion, a P/E ratio of 21.07 and a beta of 0.85.

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

Coca-Cola Consolidated Increases Dividend

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

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.