Coca-Cola Consolidated (NASDAQ:COKE) Reaches New 52-Week High - Time to Buy?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $1,440.00 and last traded at $1,441.18, with a volume of 3427 shares trading hands. The stock had previously closed at $1,425.27.

Coca-Cola Consolidated Stock Performance

The company has a market capitalization of $12.34 billion, a P/E ratio of 24.51 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The business's fifty day simple moving average is $1,307.02 and its 200-day simple moving average is $1,285.47.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 17.40%.

Institutional Trading of Coca-Cola Consolidated

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Coca-Cola Consolidated by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company's stock worth $25,239,000 after buying an additional 1,453 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Coca-Cola Consolidated by 8.7% during the third quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company's stock valued at $7,818,000 after purchasing an additional 474 shares in the last quarter. International Assets Investment Management LLC grew its stake in Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock valued at $201,021,000 after purchasing an additional 152,500 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Coca-Cola Consolidated during the third quarter valued at about $1,022,000. Finally, Dorsey Wright & Associates purchased a new stake in shares of Coca-Cola Consolidated during the third quarter valued at about $1,468,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Company 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.