Coca-Cola Consolidated (NASDAQ:COKE) Sets New 1-Year High at $994.95

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $994.95 and last traded at $994.95, with a volume of 37917 shares changing hands. The stock had previously closed at $857.88.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd.

Coca-Cola Consolidated Stock Up 0.3 %

The stock has a fifty day moving average of $838.43 and a 200-day moving average of $820.03. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 19.51 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) last released its earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share for the quarter. The business had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a net margin of 6.14% and a return on equity of 44.12%.

Coca-Cola Consolidated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Thursday, April 25th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 4.12%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its holdings in Coca-Cola Consolidated by 10.7% in the third quarter. Commonwealth Equity Services LLC now owns 1,932 shares of the company’s stock worth $1,230,000 after buying an additional 186 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Coca-Cola Consolidated by 6.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 485 shares of the company’s stock valued at $309,000 after purchasing an additional 31 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at $905,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Coca-Cola Consolidated by 203.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,849 shares of the company’s stock valued at $12,630,000 after purchasing an additional 13,314 shares during the last quarter. Finally, Watershed Asset Management L.L.C. boosted its holdings in Coca-Cola Consolidated by 9.9% in the third quarter. Watershed Asset Management L.L.C. now owns 400 shares of the company’s stock worth $255,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other 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.