Coca-Cola Consolidated (NASDAQ:COKE) Shares Scheduled to Split on Tuesday, May 27th

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) shares are 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 payable to shareholders after the closing bell on Friday, May 23rd.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock traded up $20.14 during trading hours on Thursday, hitting $1,165.19. 11,308 shares of the company were exchanged, compared to its average volume of 51,400. The firm has a fifty day simple moving average of $1,309.16 and a 200 day simple moving average of $1,301.91. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated has a 52-week low of $925.08 and a 52-week high of $1,460.92. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 16.69 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $15.61 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%. The company had revenue of $1.58 billion during the quarter.

Coca-Cola Consolidated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were paid a $2.50 dividend. The ex-dividend date was Friday, April 25th. This represents a $10.00 dividend on an annualized basis and a yield of 0.86%. Coca-Cola Consolidated's dividend payout ratio is 15.61%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 10th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COKE. Newbridge Financial Services Group Inc. bought a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth $29,000. Wayfinding Financial LLC bought a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth $46,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Coca-Cola Consolidated by 1,133.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company's stock worth $47,000 after acquiring an additional 34 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company's stock worth $48,000 after acquiring an additional 26 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth $52,000. 48.24% of the stock is owned by institutional investors.

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.