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

Key Points

• Coca-Cola Consolidated, Inc. declared a quarterly dividend of $0.25 per share, with payment scheduled for November 7th to investors recorded by October 24th, resulting in a yield of 0.8%.
• The company's stock price increased to $124.48 during mid-day trading, with a market capitalization of approximately $10.82 billion.
• Recent activity by institutional investors shows that they now own 48.24% of Coca-Cola Consolidated's shares, indicating a stable interest from major financial entities.

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) declared a quarterly dividend on Friday, October 10th, RTT News reports. Investors of record on Friday, October 24th will be given a dividend of 0.25 per share on Friday, November 7th. This represents a c) dividend on an annualized basis and a yield of 0.8%.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock traded up $1.28 during mid-day trading on Friday, hitting $124.48. The company's stock had a trading volume of 767,452 shares, compared to its average volume of 567,463. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $10.82 billion, a P/E ratio of 18.57 and a beta of 0.70. The stock's fifty day moving average price is $117.18 and its two-hundred day moving average price is $126.17. Coca-Cola Consolidated has a twelve month low of $105.21 and a twelve month high of $146.09.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.24 EPS for the quarter. Coca-Cola Consolidated had a net margin of 8.43% and a return on equity of 44.91%. The company had revenue of $1.86 billion during the quarter.

Hedge Funds Weigh In On Coca-Cola Consolidated

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Linden Thomas Advisory Services LLC increased its position in shares of Coca-Cola Consolidated by 3.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company's stock worth $358,000 after purchasing an additional 9 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Coca-Cola Consolidated by 0.3% during the 1st quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company's stock worth $5,363,000 after acquiring an additional 10 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in shares of Coca-Cola Consolidated by 2.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 357 shares of the company's stock worth $481,000 after acquiring an additional 10 shares during the last quarter. Monument Capital Management increased its holdings in shares of Coca-Cola Consolidated by 0.3% during the 1st quarter. Monument Capital Management now owns 3,955 shares of the company's stock worth $5,339,000 after acquiring an additional 10 shares during the last quarter. Finally, CW Advisors LLC grew its stake in Coca-Cola Consolidated by 5.4% in the 1st quarter. CW Advisors LLC now owns 194 shares of the company's stock valued at $262,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds 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.

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