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

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) declared 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 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, July 25th.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE traded down $1.69 during mid-day trading on Monday, hitting $112.25. 405,575 shares of the company's stock traded hands, compared to its average volume of 503,346. The firm has a 50 day moving average of $133.27 and a two-hundred day moving average of $133.95. Coca-Cola Consolidated has a 12 month low of $105.21 and a 12 month high of $146.09. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 17.52 and a beta of 0.79. The company has a current ratio of 2.03, a quick ratio of 1.76 and a debt-to-equity ratio of 0.96.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.56 earnings per share for the quarter. The company 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%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 10th.

Institutional Trading of Coca-Cola Consolidated

An institutional investor recently raised its position in Coca-Cola Consolidated stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.20% of Coca-Cola Consolidated worth $23,289,000 as of its most recent filing with the Securities and Exchange Commission. 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.