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

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

Coca-Cola Consolidated Trading Up 2.3 %

Shares of NASDAQ COKE opened at $1,150.00 on Friday. The stock has a market capitalization of $10.08 billion, a P/E ratio of 19.57 and a beta of 0.82. The stock’s 50 day moving average price is $1,294.16 and its two-hundred day moving average price is $1,125.45. The company has a quick ratio of 1.75, a current ratio of 1.97 and a debt-to-equity ratio of 1.50. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be issued a $2.50 dividend. This is a positive change 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 of this dividend is Friday, October 25th. Coca-Cola Consolidated’s payout ratio is currently 17.40%.

Institutional Investors Weigh In On Coca-Cola Consolidated

Institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in Coca-Cola Consolidated in the first quarter worth $30,000. V Square Quantitative Management LLC bought a new position in shares of Coca-Cola Consolidated in the 3rd quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Coca-Cola Consolidated by 102.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after buying an additional 35 shares during the period. UMB Bank n.a. grew its position in shares of Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after buying an additional 13 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Coca-Cola Consolidated during the second quarter worth about $62,000. 48.24% of the stock is currently owned by institutional investors.

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.