Coca-Cola Consolidated (NASDAQ:COKE) Reaches New 1-Year High – Here’s What Happened

Coca-Cola Consolidated, Inc. (NASDAQ:COKE)’s stock price hit a new 52-week high on Thursday . The company traded as high as $1,440.00 and last traded at $1,441.18, with a volume of 3427 shares. The stock had previously closed at $1,425.27.

Coca-Cola Consolidated Price Performance

The stock has a 50 day moving average of $1,301.84 and a two-hundred day moving average of $1,280.20. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The firm has a market capitalization of $12.57 billion, a P/E ratio of 24.97 and a beta of 0.89.

Coca-Cola Consolidated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is 17.40%.

Institutional Investors Weigh In On Coca-Cola Consolidated

Hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new stake in Coca-Cola Consolidated during the 4th quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new stake in shares of Coca-Cola Consolidated in the third quarter valued at approximately $37,000. Allworth Financial LP boosted its position in shares of Coca-Cola Consolidated by 260.0% in the fourth quarter. Allworth Financial LP now owns 36 shares of the company’s stock valued at $48,000 after acquiring an additional 26 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Coca-Cola Consolidated by 1,133.3% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock worth $47,000 after acquiring an additional 34 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Coca-Cola Consolidated during the fourth quarter worth $52,000. 48.24% of the stock is currently owned by institutional investors.

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.