Virtu Financial LLC Increases Holdings in Coca-Cola Consolidated Inc (COKE)
Virtu Financial LLC raised its position in Coca-Cola Consolidated Inc (NASDAQ:COKE) by 16.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,384 shares of the company’s stock after purchasing an additional 343 shares during the period. Virtu Financial LLC’s holdings in Coca-Cola Consolidated were worth $686,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth $71,000. Valeo Financial Advisors LLC raised its holdings in shares of Coca-Cola Consolidated by 34.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 271 shares of the company’s stock worth $78,000 after acquiring an additional 70 shares during the period. Greenwich Wealth Management LLC purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth $211,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth $238,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Coca-Cola Consolidated by 352.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 1,521 shares of the company’s stock worth $270,000 after acquiring an additional 1,185 shares during the period. Institutional investors own 38.25% of the company’s stock.
NASDAQ COKE opened at $302.09 on Friday. Coca-Cola Consolidated Inc has a 52 week low of $125.08 and a 52 week high of $302.71. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $2.78 billion, a PE ratio of 59.04 and a beta of 0.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, April 25th.
Several research analysts have recently commented on the company. BidaskClub lowered Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 27th. ValuEngine upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, TheStreet lowered Coca-Cola Consolidated from a “b” rating to a “c+” rating in a report on Wednesday, February 27th.
Coca-Cola Consolidated Company Profile
Coca-Cola Consolidated, Inc, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.
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