Coca-Cola Consolidated (NASDAQ:COKE) Trading Down 7.1% - What's Next?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report)'s share price traded down 7.1% during trading on Friday . The company traded as low as $1,344.73 and last traded at $1,339.57. 23,361 shares were traded during trading, a decline of 39% from the average session volume of 38,362 shares. The stock had previously closed at $1,442.65.

Coca-Cola Consolidated Stock Performance

The firm has a market cap of $12.21 billion, a PE ratio of 19.95 and a beta of 0.89. The company has a 50-day simple moving average of $1,325.71 and a two-hundred day simple moving average of $1,292.97. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

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

Coca-Cola Consolidated Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.72%. Coca-Cola Consolidated's dividend payout ratio is presently 14.32%.

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Hedge Funds Weigh In On Coca-Cola Consolidated

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pullen Investment Management LLC lifted its holdings in Coca-Cola Consolidated by 46.4% during the 4th quarter. Pullen Investment Management LLC now owns 1,649 shares of the company's stock worth $2,078,000 after purchasing an additional 523 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Coca-Cola Consolidated by 10.8% during the fourth quarter. Sunbelt Securities Inc. now owns 103 shares of the company's stock valued at $128,000 after buying an additional 10 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Coca-Cola Consolidated by 9.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,866 shares of the company's stock worth $19,991,000 after buying an additional 1,365 shares in the last quarter. Sovereign s Capital Management LLC bought a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at approximately $4,051,000. Finally, Squarepoint Ops LLC purchased a new position in Coca-Cola Consolidated during the fourth quarter valued at approximately $1,046,000. Institutional investors own 48.24% of the company's stock.

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.