Coca-Cola Consolidated (NASDAQ:COKE) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1,309.43 and traded as high as $1,370.00. Coca-Cola Consolidated shares last traded at $1,352.35, with a volume of 38,862 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.

Coca-Cola Consolidated Price Performance

The company's 50 day simple moving average is $1,350.65 and its 200 day simple moving average is $1,310.04. 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 $10.40 billion, a PE ratio of 17.08 and a beta of 0.88.

Shares of Coca-Cola Consolidated are scheduled to split on Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly issued shares will be distributed to shareholders after the market closes on Friday, May 23rd.

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 return on equity of 49.88% and a net margin of 9.18%. The firm had revenue of $1.58 billion for the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be issued a dividend of $2.50 per share. The ex-dividend date is Friday, April 25th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.84%. Coca-Cola Consolidated's payout ratio is 14.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Coca-Cola Consolidated in the 4th quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in Coca-Cola Consolidated during the first quarter valued at approximately $46,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Coca-Cola Consolidated by 1,133.3% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company's stock worth $47,000 after buying an additional 34 shares during the period. Allworth Financial LP increased its position in shares of Coca-Cola Consolidated by 260.0% in the fourth quarter. Allworth Financial LP now owns 36 shares of the company's stock worth $48,000 after acquiring an additional 26 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Coca-Cola Consolidated during the fourth quarter worth about $52,000. Institutional investors and hedge funds 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.