Coca-Cola Consolidated (NASDAQ:COKE) Reaches New 52-Week High – What’s Next?

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

Coca-Cola Consolidated Trading Down 3.4 %

The stock has a market cap of $12.34 billion, a P/E ratio of 24.51 and a beta of 0.89. The stock’s 50-day moving average is $1,307.02 and its two-hundred day moving average is $1,283.49. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 17.40%.

Institutional Investors Weigh In On Coca-Cola Consolidated

Several large investors have recently made changes to their positions in COKE. Newbridge Financial Services Group Inc. bought a new stake in Coca-Cola Consolidated in the 4th quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new stake in Coca-Cola Consolidated in the third quarter worth $37,000. Allworth Financial LP raised its stake in Coca-Cola Consolidated by 260.0% during the fourth quarter. Allworth Financial LP now owns 36 shares of the company’s stock valued at $48,000 after purchasing an additional 26 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in Coca-Cola Consolidated by 1,133.3% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after purchasing an additional 34 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Coca-Cola Consolidated in the 4th quarter worth $52,000. 48.24% of the stock is 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.