Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1,304.28 and traded as high as $1,429.45. Coca-Cola Consolidated shares last traded at $1,416.00, with a volume of 30,726 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.
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Coca-Cola Consolidated Trading Up 1.4 %
The company has a market cap of $12.14 billion, a PE ratio of 19.94 and a beta of 0.88. The stock has a 50 day moving average price of $1,355.12 and a 200 day moving average price of $1,306.89. 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's stock is scheduled to split on the morning of Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, May 23rd.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. The firm had revenue of $1.75 billion during the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.
Coca-Cola Consolidated Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 0.72%. Coca-Cola Consolidated's dividend payout ratio is presently 14.32%.
Institutional Trading of Coca-Cola Consolidated
Several institutional investors have recently bought and sold shares of COKE. Newbridge Financial Services Group Inc. purchased a new stake in shares of Coca-Cola Consolidated during the fourth quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in 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 valued at $47,000 after purchasing an additional 34 shares during the last quarter. Allworth Financial LP boosted its stake in Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company's stock valued at $48,000 after purchasing an additional 26 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Coca-Cola Consolidated in the 4th quarter worth $52,000. Finally, Transce3nd LLC purchased a new position in shares of Coca-Cola Consolidated in the fourth quarter worth $63,000. 48.24% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Consolidated Company Profile
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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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