Several institutional investors have changed their investments in Coca-Cola Consolidated (COKE). Wellington Management acquired shares worth about $6.1 million, while CWM LLC increased its stake by 30.3%. Hennessy Advisors grew its position by 14.1%, and OneAscent Wealth Management raised theirs by 8.0%. Vaughan Nelson Investment lifted its holdings by 36.9%. Overall, institutional investors hold 48.24% of the stock.
Coca-Cola Consolidated Stock Drops 1.4%
COKE shares opened at $1,287.48. The stock’s 50-day average is $1,298.07, and its 200-day average is $1,101.85. The 12-month low is $621.18, and the high is $1,376.84. The market cap is $12.07 billion, with a PE ratio of 26.51.
Coca-Cola Consolidated reported earnings of $20.71 per share on July 31, with a revenue of $1.80 billion. The return on equity was 44.83%.
Coca-Cola Consolidated Increases Dividend
The company will pay a dividend of $2.50 on November 8 to investors recorded as of October 25, up from $0.25 previously. The current dividend payout ratio is 20.59%.
About Coca-Cola Consolidated
(Free Report) Coca-Cola Consolidated manufactures and distributes non-alcoholic beverages in the U.S., including sparkling drinks and bottled water.
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