Coca-Cola Consolidated (NASDAQ:COKE) Sets New 1-Year High - What's Next?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $1,146.55 and last traded at $116.01, with a volume of 44065 shares traded. The stock had previously closed at $1,130.24.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Trading Up 1.2%

The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.01 billion, a P/E ratio of 1.65 and a beta of 0.89. The business's fifty day simple moving average is $147.75 and its two-hundred day simple moving average is $136.94.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.56 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%. The business had revenue of $1.58 billion during the quarter.

Coca-Cola Consolidated Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.00 annualized dividend and a yield of 0.87%. Coca-Cola Consolidated's dividend payout ratio (DPR) is currently 15.61%.

Institutional Trading of Coca-Cola Consolidated

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in Coca-Cola Consolidated during the fourth quarter worth about $29,000. Wayfinding Financial LLC bought a new position in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $46,000. Allworth Financial LP boosted its stake in Coca-Cola Consolidated by 260.0% in the 4th quarter. Allworth Financial LP now owns 36 shares of the company's stock valued at $48,000 after buying an additional 26 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new stake in Coca-Cola Consolidated in the 1st quarter valued at $50,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Coca-Cola Consolidated in the fourth quarter valued at $52,000. Institutional investors 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.