Coca-Cola Consolidated (NASDAQ:COKE) Reaches New 12-Month High at $994.95

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $994.95 and last traded at $994.95, with a volume of 37917 shares traded. The stock had previously closed at $857.88.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Coca-Cola Consolidated from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 23rd.

Coca-Cola Consolidated Price Performance

The firm has a 50-day simple moving average of $836.19 and a two-hundred day simple moving average of $819.15. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 23.22 and a beta of 0.73. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share for the quarter. The company had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%.

Coca-Cola Consolidated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, April 25th. Coca-Cola Consolidated's dividend payout ratio (DPR) is presently 4.60%.

Institutional Investors Weigh In On Coca-Cola Consolidated

Institutional investors have recently modified their holdings of the business. Quest Partners LLC acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter valued at about $31,000. First Command Advisory Services Inc. purchased a new position in Coca-Cola Consolidated in the 3rd quarter valued at about $38,000. CWM LLC lifted its stake in Coca-Cola Consolidated by 22.2% in the 4th quarter. CWM LLC now owns 66 shares of the company's stock valued at $61,000 after buying an additional 12 shares in the last quarter. Fifth Third Bancorp lifted its stake in Coca-Cola Consolidated by 163.0% in the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company's stock valued at $45,000 after buying an additional 44 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Coca-Cola Consolidated by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company's stock valued at $47,000 after buying an additional 37 shares in the last quarter. 48.24% of the stock is currently 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.