Coca-Cola Consolidated (NASDAQ:COKE) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1,295.53 and traded as high as $1,304.76. Coca-Cola Consolidated shares last traded at $1,298.93, with a volume of 29,634 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.

Coca-Cola Consolidated Stock Performance

The firm has a market capitalization of $11.60 billion, a P/E ratio of 19.04 and a beta of 0.74. The company has a 50-day moving average of $1,355.45 and a 200-day moving average of $1,295.60. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated's stock is set to split on the morning of Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly minted shares will be payable to shareholders after the closing bell on Friday, May 23rd.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $18.11 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The business had revenue of $1.75 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 14.32%.

Hedge Funds Weigh In On Coca-Cola Consolidated

Several hedge funds and other institutional investors have recently bought and sold shares of COKE. Newbridge Financial Services Group Inc. bought a new position in shares of Coca-Cola Consolidated in the 4th quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in 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 worth $47,000 after purchasing an additional 34 shares in the last quarter. Allworth Financial LP lifted its stake in Coca-Cola Consolidated by 260.0% in the fourth quarter. Allworth Financial LP now owns 36 shares of the company's stock valued at $48,000 after buying an additional 26 shares during the period. Wingate Wealth Advisors Inc. bought a new position in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $52,000. Finally, Transce3nd LLC acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $63,000. Institutional investors and hedge funds own 48.24% of the company's stock.

About Coca-Cola Consolidated

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.