Coca-Cola Consolidated (NASDAQ:COKE) Stock Price Down 3.5% - Here's Why

Key Points

• Coca-Cola Consolidated's stock fell by 3.5% on Thursday, trading as low as $115.00, with a significant decline in trading volume compared to the average.
• The company's earnings per share (EPS) for the recent quarter was reported at $2.24, with a return on equity of 44.91% and a net margin of 8.43%.
• Coca-Cola Consolidated recently declared a quarterly dividend of $0.25 per share, representing an annualized dividend of $1.00 and a yield of 0.9%.

Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) traded down 3.5% during trading on Thursday . The company traded as low as $115.00 and last traded at $114.38. 89,918 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 552,294 shares. The stock had previously closed at $118.53.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

Coca-Cola Consolidated Price Performance

The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average price of $116.11 and a 200 day moving average price of $127.38. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 17.15 and a beta of 0.76.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.24 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a return on equity of 44.91% and a net margin of 8.43%.The company had revenue of $1.86 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Coca-Cola Consolidated's dividend payout ratio (DPR) is currently 14.93%.

Institutional Trading of Coca-Cola Consolidated

Institutional investors have recently modified their holdings of the stock. Linden Thomas Advisory Services LLC lifted its stake in Coca-Cola Consolidated by 3.5% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company's stock valued at $358,000 after buying an additional 9 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Coca-Cola Consolidated by 10.8% in the fourth quarter. Sunbelt Securities Inc. now owns 103 shares of the company's stock valued at $128,000 after acquiring an additional 10 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Coca-Cola Consolidated by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company's stock valued at $5,363,000 after acquiring an additional 10 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in shares of Coca-Cola Consolidated by 2.9% in the first quarter. HBK Sorce Advisory LLC now owns 357 shares of the company's stock worth $481,000 after acquiring an additional 10 shares during the last quarter. Finally, Monument Capital Management increased its position in shares of Coca-Cola Consolidated by 0.3% during the first quarter. Monument Capital Management now owns 3,955 shares of the company's stock worth $5,339,000 after purchasing an additional 10 shares in the last quarter. 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.