Coca-Cola Consolidated (NASDAQ:COKE) Releases Earnings Results

Coca-Cola Consolidated (NASDAQ:COKE) released its quarterly earnings data on Wednesday. The company reported $18.81 earnings per share for the quarter, reports. The business had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a return on equity of 45.90% and a net margin of 7.81%.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $1,150.00 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.75 and a debt-to-equity ratio of 1.50. The company has a market cap of $10.08 billion, a PE ratio of 19.57 and a beta of 0.82. The company’s fifty day simple moving average is $1,294.16 and its 200-day simple moving average is $1,125.45. Coca-Cola Consolidated has a 52 week low of $628.00 and a 52 week high of $1,376.84.

Coca-Cola Consolidated Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 25th will be paid a dividend of $2.50 per share. This is an increase from Coca-Cola Consolidated’s previous quarterly dividend of $0.25. This represents a $10.00 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, October 25th. Coca-Cola Consolidated’s payout ratio is currently 17.40%.

Institutional Trading of Coca-Cola Consolidated

Several large investors have recently added to or reduced their stakes in COKE. Signaturefd LLC increased its stake in Coca-Cola Consolidated by 15.3% during the 2nd quarter. Signaturefd LLC now owns 68 shares of the company’s stock worth $74,000 after buying an additional 9 shares during the period. Inspire Investing LLC lifted its stake in shares of Coca-Cola Consolidated by 3.1% in the first quarter. Inspire Investing LLC now owns 426 shares of the company’s stock worth $361,000 after acquiring an additional 13 shares in the last quarter. UMB Bank n.a. boosted its holdings in Coca-Cola Consolidated by 41.9% in 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 during the last quarter. Cetera Advisors LLC grew its stake in Coca-Cola Consolidated by 3.4% during the 1st quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock valued at $356,000 after purchasing an additional 14 shares in the last quarter. Finally, CWM LLC raised its position in shares of Coca-Cola Consolidated by 17.4% in the 2nd quarter. CWM LLC now owns 101 shares of the company’s stock valued at $110,000 after purchasing an additional 15 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

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.