Coca-Cola Consolidated (NASDAQ:COKE) Hits New 1-Year High – What’s Next?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $1,378.39 and last traded at $1,425.58, with a volume of 9308 shares. The stock had previously closed at $1,336.83.

Coca-Cola Consolidated Trading Up 3.7 %

The firm has a market cap of $12.14 billion, a P/E ratio of 24.13 and a beta of 0.89. The stock has a fifty day simple moving average of $1,266.44 and a 200 day simple moving average of $1,245.80. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%. The business had revenue of $1.77 billion during the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, January 24th. Coca-Cola Consolidated’s payout ratio is currently 17.40%.

Institutional Trading of Coca-Cola Consolidated

Several large investors have recently modified their holdings of COKE. V Square Quantitative Management LLC purchased a new position in Coca-Cola Consolidated during the third quarter valued at $37,000. UMB Bank n.a. lifted its position in Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after purchasing an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Coca-Cola Consolidated during the second quarter valued at $62,000. Wilmington Savings Fund Society FSB purchased a new position in Coca-Cola Consolidated during the third quarter valued at $72,000. Finally, GAMMA Investing LLC lifted its position in shares of Coca-Cola Consolidated by 39.1% in the third quarter. GAMMA Investing LLC now owns 89 shares of the company’s stock valued at $117,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

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.