Coca-Cola Consolidated, Inc. Declares Quarterly Dividend of $0.25 (NASDAQ:COKE)

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) announced a quarterly dividend on Friday, July 11th, RTT News reports. Stockholders of record on Friday, July 25th will be given a dividend of 0.25 per share on Friday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.88%.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock traded down $0.24 during trading hours on Friday, hitting $113.94. 458,725 shares of the company were exchanged, compared to its average volume of 502,709. Coca-Cola Consolidated has a 1 year low of $105.21 and a 1 year high of $146.09. The company has a current ratio of 2.03, a quick ratio of 1.76 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average of $133.27 and a 200-day moving average of $133.78. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.56 EPS for the quarter. The business had revenue of $1.58 billion during the quarter. Coca-Cola Consolidated had a return on equity of 48.35% and a net margin of 8.29%.

Institutional Trading of Coca-Cola Consolidated

A hedge fund recently raised its stake in Coca-Cola Consolidated stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 8.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,251 shares of the company's stock after purchasing an additional 1,385 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.20% of Coca-Cola Consolidated worth $23,289,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 48.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 10th.

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.

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