Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1,298.29 and traded as high as $1,406.62. Coca-Cola Consolidated shares last traded at $1,390.94, with a volume of 57,763 shares traded.
Analyst Ratings Changes
Separately, StockNews.com lowered Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.
View Our Latest Research Report on COKE
Coca-Cola Consolidated Stock Up 0.5 %
The firm has a 50-day moving average price of $1,355.71 and a two-hundred day moving average price of $1,299.29. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 18.53 and a beta of 0.88. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.
Coca-Cola Consolidated shares are set to split on Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly created shares will be payable to shareholders after the market closes on Friday, May 23rd.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The company had revenue of $1.75 billion for the quarter.
Coca-Cola Consolidated Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated's dividend payout ratio (DPR) is 14.32%.
Institutional Investors Weigh In On Coca-Cola Consolidated
Large investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in Coca-Cola Consolidated in the 4th quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Coca-Cola Consolidated by 1,133.3% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company's stock valued at $47,000 after buying an additional 34 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Coca-Cola Consolidated by 260.0% during the fourth quarter. Allworth Financial LP now owns 36 shares of the company's stock worth $48,000 after buying an additional 26 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of Coca-Cola Consolidated during the fourth quarter worth about $52,000. Finally, Transce3nd LLC acquired a new position in Coca-Cola Consolidated in the 4th quarter valued at about $63,000. 48.24% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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