Coca-Cola Consolidated (NASDAQ:COKE) Sees Large Volume Increase - Still a Buy?

Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) saw an uptick in trading volume on Monday . 40,736 shares traded hands 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Coca-Cola Consolidated from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd.

Coca-Cola Consolidated Stock Up 0.1 %

The stock has a 50 day moving average price of $1,328.13 and a 200 day moving average price of $1,305.45. The company has a market cap of $10.42 billion, a P/E ratio of 17.11 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated shares are scheduled to split on the morning of Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly created shares will be payable to shareholders after the closing bell on Friday, May 23rd.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data 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 for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, April 25th. Coca-Cola Consolidated's dividend payout ratio (DPR) is currently 15.61%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Coca-Cola Consolidated by 103.9% during the 3rd quarter. Barclays PLC now owns 4,163 shares of the company's stock worth $5,481,000 after purchasing an additional 2,121 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola Consolidated during the third quarter worth about $72,000. 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 in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Coca-Cola Consolidated by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company's stock valued at $25,239,000 after purchasing an additional 1,453 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Coca-Cola Consolidated by 16.9% in the 4th quarter. GAMMA Investing LLC now owns 104 shares of the company's stock worth $131,000 after buying an additional 15 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

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.