Coca-Cola Consolidated, Inc. (COKE) To Go Ex-Dividend on July 24th

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) declared a quarterly dividend on Friday, July 10th. Stockholders of record on Friday, July 24th will be given a dividend of 0.25 per share on Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, July 24th.

Coca-Cola Consolidated has raised its dividend payment by an average of 0.6%annually over the last three years and has raised its dividend every year for the last 2 years.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $183.09 on Wednesday. Coca-Cola Consolidated has a one year low of $110.40 and a one year high of $219.65. The company has a 50-day simple moving average of $180.06 and a 200-day simple moving average of $180.11. The firm has a market capitalization of $12.19 billion, a PE ratio of 25.05 and a beta of 0.54.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%. The firm had revenue of $1.71 billion for the quarter.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of hedge funds have recently made changes to their positions in the business. State Street Corp grew its holdings in Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company’s stock worth $193,050,000 after buying an additional 1,544,516 shares in the last quarter. Norges Bank acquired a new position in shares of Coca-Cola Consolidated during the fourth quarter valued at $222,408,000. AQR Capital Management LLC raised its stake in shares of Coca-Cola Consolidated by 1,270.8% during the second quarter. AQR Capital Management LLC now owns 1,185,937 shares of the company’s stock valued at $131,906,000 after purchasing an additional 1,099,421 shares in the last quarter. First Trust Advisors LP lifted its holdings in Coca-Cola Consolidated by 42.1% in the fourth quarter. First Trust Advisors LP now owns 2,037,083 shares of the company’s stock worth $312,285,000 after purchasing an additional 603,513 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Coca-Cola Consolidated by 153,487.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 417,757 shares of the company’s stock worth $64,042,000 after purchasing an additional 417,485 shares during the period. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.