Coca-Cola Consolidated (NASDAQ:COKE) Sets New 12-Month High – Should You Buy?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) reached a new 52-week high during trading on Tuesday . The company traded as high as $188.11 and last traded at $185.30, with a volume of 498417 shares changing hands. The stock had previously closed at $182.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola Consolidated has an average rating of “Buy”.

Coca-Cola Consolidated Stock Performance

The stock has a market cap of $17.10 billion, a PE ratio of 29.36 and a beta of 0.64. The firm’s 50-day moving average is $158.59 and its 200 day moving average is $142.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%. The company had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.00 annualized dividend and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio is currently 14.66%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Beacon Pointe Advisors LLC lifted its stake in shares of Coca-Cola Consolidated by 2.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 2,842 shares of the company’s stock worth $436,000 after acquiring an additional 72 shares during the period. Fifth Third Bancorp raised its holdings in Coca-Cola Consolidated by 16.0% during the third quarter. Fifth Third Bancorp now owns 528 shares of the company’s stock worth $62,000 after purchasing an additional 73 shares in the last quarter. UMB Bank n.a. lifted its position in Coca-Cola Consolidated by 8.9% in the fourth quarter. UMB Bank n.a. now owns 951 shares of the company’s stock valued at $146,000 after purchasing an additional 78 shares during the period. Blue Trust Inc. boosted its holdings in Coca-Cola Consolidated by 9.8% in the 3rd quarter. Blue Trust Inc. now owns 909 shares of the company’s stock valued at $106,000 after purchasing an additional 81 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its holdings in Coca-Cola Consolidated by 2.3% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,021 shares of the company’s stock valued at $616,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

About Coca-Cola Consolidated

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.