Coca-Cola Consolidated, Inc. (NASDAQ:COKE) to Issue Quarterly Dividend of $0.50

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced a quarterly dividend on Tuesday, July 16th, Wall Street Journal reports. Investors of record on Friday, July 26th will be paid a dividend of 0.50 per share on Friday, August 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Friday, July 26th.

Coca-Cola Consolidated has increased its dividend by an average of 26.0% per year over the last three years.

Coca-Cola Consolidated Trading Up 1.6 %

NASDAQ COKE traded up $17.12 on Tuesday, hitting $1,083.44. 34,726 shares of the company were exchanged, compared to its average volume of 55,414. The company’s 50 day moving average price is $1,015.64 and its 200-day moving average price is $910.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.47. Coca-Cola Consolidated has a twelve month low of $614.22 and a twelve month high of $1,134.49. The firm has a market capitalization of $10.15 billion, a P/E ratio of 21.96 and a beta of 0.78.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Monday, May 6th. The company reported $17.31 EPS for the quarter. The business had revenue of $1.59 billion during the quarter. Coca-Cola Consolidated had a return on equity of 42.10% and a net margin of 6.83%.

Insider Buying and Selling

In other Coca-Cola Consolidated news, major shareholder Cola Co Coca sold 598,619 shares of Coca-Cola Consolidated stock in a transaction on Friday, July 5th. The shares were sold at an average price of $925.00, for a total transaction of $553,722,575.00. Following the completion of the transaction, the insider now directly owns 1,883,546 shares of the company’s stock, valued at $1,742,280,050. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd.

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.