Coca-Cola Consolidated (NASDAQ:COKE) Trading 4.7% Higher

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) shot up 4.7% on Friday . The company traded as high as $1,299.92 and last traded at $1,299.92. 27,499 shares traded hands during trading, a decline of 50% from the average session volume of 54,481 shares. The stock had previously closed at $1,241.38.

Analyst Ratings Changes

Separately, StockNews.com cut Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd.

Coca-Cola Consolidated Stock Performance

The company has a quick ratio of 1.47, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $1,056.32 and a 200-day simple moving average of $928.64. The company has a market capitalization of $11.94 billion, a P/E ratio of 25.56 and a beta of 0.78.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Monday, May 6th. The company reported $17.31 EPS for the quarter. The firm had revenue of $1.59 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a return on equity of 42.43%.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 26th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $2.00 dividend on an annualized basis and a yield of 0.16%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.12%.

Insider Buying and Selling at Coca-Cola Consolidated

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the sale, the insider now owns 1,883,546 shares of the company’s stock, valued at approximately $1,742,280,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of institutional investors and hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in Coca-Cola Consolidated in the first quarter worth about $30,000. Quest Partners LLC acquired a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its stake in shares of Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after buying an additional 35 shares during the last quarter. CWM LLC lifted its holdings in Coca-Cola Consolidated by 22.2% in the fourth quarter. CWM LLC now owns 66 shares of the company’s stock valued at $61,000 after buying an additional 12 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after acquiring an additional 37 shares during the last quarter. Institutional investors 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.