Coca-Cola Consolidated (NASDAQ:COKE – Get Rating) is set to issue its quarterly earnings data after the market closes on Tuesday, November 1st.
Coca-Cola Consolidated (NASDAQ:COKE – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $11.94 earnings per share (EPS) for the quarter. The business had revenue of $1.60 billion during the quarter. Coca-Cola Consolidated had a return on equity of 45.09% and a net margin of 4.80%.
Coca-Cola Consolidated Stock Performance
Shares of NASDAQ COKE opened at $452.66 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.67. The stock has a 50 day simple moving average of $456.29 and a 200-day simple moving average of $500.22. The company has a market cap of $4.24 billion, a PE ratio of 15.13 and a beta of 0.94. Coca-Cola Consolidated has a 12-month low of $390.00 and a 12-month high of $656.11.
Coca-Cola Consolidated Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, October 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 26th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. Coca-Cola Consolidated’s dividend payout ratio is presently 3.34%.
Institutional Investors Weigh In On Coca-Cola Consolidated
Hedge funds and other institutional investors have recently made changes to their positions in the company. AMI Investment Management Inc. acquired a new stake in Coca-Cola Consolidated in the 1st quarter valued at approximately $204,000. Raymond James Financial Services Advisors Inc. raised its position in Coca-Cola Consolidated by 19.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 434 shares of the company’s stock valued at $216,000 after purchasing an additional 70 shares during the last quarter. US Bancorp DE raised its position in shares of Coca-Cola Consolidated by 15.9% during the first quarter. US Bancorp DE now owns 867 shares of the company’s stock worth $430,000 after acquiring an additional 119 shares during the last quarter. Citigroup Inc. raised its position in shares of Coca-Cola Consolidated by 6.2% during the first quarter. Citigroup Inc. now owns 4,654 shares of the company’s stock worth $2,312,000 after acquiring an additional 271 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Coca-Cola Consolidated by 1.2% during the first quarter. Bank of Montreal Can now owns 1,665 shares of the company’s stock worth $825,000 after purchasing an additional 20 shares during the period. 38.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on Coca-Cola Consolidated in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company.
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, such as carbonated 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.
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