Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $1,378.39 and last traded at $1,425.58, with a volume of 9308 shares. The stock had previously closed at $1,336.83.
Coca-Cola Consolidated Stock Up 3.7 %
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 firm's fifty day simple moving average is $1,266.44 and its 200 day simple moving average is $1,245.80. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 24.13 and a beta of 0.89.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. The business had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.
Coca-Cola Consolidated Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a dividend of $2.50 per share. The ex-dividend date is Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.72%. Coca-Cola Consolidated's payout ratio is presently 17.40%.
Hedge Funds Weigh In On Coca-Cola Consolidated
A number of large investors have recently bought and sold shares of COKE. Massachusetts Financial Services Co. MA lifted its position in shares of Coca-Cola Consolidated by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,656 shares of the company's stock worth $3,967,000 after purchasing an additional 336 shares in the last quarter. Amalgamated Bank lifted its position in Coca-Cola Consolidated by 28.2% during the 2nd quarter. Amalgamated Bank now owns 3,151 shares of the company's stock worth $3,419,000 after buying an additional 693 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Coca-Cola Consolidated by 31.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 609 shares of the company's stock worth $661,000 after acquiring an additional 146 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth approximately $248,000. Finally, Intech Investment Management LLC bought a new stake in Coca-Cola Consolidated during the second quarter worth $1,086,000. Institutional investors and hedge funds own 48.24% of the company's stock.
Coca-Cola Consolidated Company Profile
(
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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.
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