Coca-Cola Consolidated (NASDAQ:COKE) Sees Strong Trading Volume - Here's What Happened

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) saw unusually-high trading volume on Monday . Approximately 40,736 shares were traded during trading, a decline of 20% from the previous session's volume of 51,144 shares.The stock last traded at $1,130.50 and had previously closed at $1,145.02.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

Coca-Cola Consolidated Stock Down 2.8 %

The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $10.05 billion, a PE ratio of 16.50 and a beta of 0.89. The company's 50 day moving average is $1,320.08 and its two-hundred day moving average is $1,304.29.

Coca-Cola Consolidated's stock is scheduled to split before the market opens on Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly minted shares will be issued to shareholders after the closing bell on Friday, May 23rd.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $15.61 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 firm had revenue of $1.58 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a $2.50 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.87%. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 15.61%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. James Investment Research Inc. raised its position in Coca-Cola Consolidated by 34.7% during the fourth quarter. James Investment Research Inc. now owns 1,825 shares of the company's stock valued at $2,299,000 after purchasing an additional 470 shares during the period. CIBC Asset Management Inc lifted its position in Coca-Cola Consolidated by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 247 shares of the company's stock worth $311,000 after buying an additional 12 shares during the last quarter. Franklin Resources Inc. boosted its stake in Coca-Cola Consolidated by 133.5% during the third quarter. Franklin Resources Inc. now owns 9,480 shares of the company's stock worth $12,339,000 after buying an additional 5,420 shares during the period. New Mexico Educational Retirement Board boosted its stake in Coca-Cola Consolidated by 33.2% during the fourth quarter. New Mexico Educational Retirement Board now owns 1,199 shares of the company's stock worth $1,511,000 after buying an additional 299 shares during the period. Finally, Barclays PLC increased its position in Coca-Cola Consolidated by 103.9% during the third quarter. Barclays PLC now owns 4,163 shares of the company's stock valued at $5,481,000 after acquiring an additional 2,121 shares during the last quarter. 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.