Coca-Cola Consolidated, Inc. Announces Quarterly Dividend of $0.25 (NASDAQ:COKE)

Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Rating) announced a quarterly dividend on Thursday, April 14th, Zacks reports. Stockholders of record on Thursday, April 28th will be given a dividend of 0.25 per share on Thursday, May 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Wednesday, April 27th.

Coca-Cola Consolidated has a payout ratio of 2.8% meaning its dividend is sufficiently covered by earnings.

NASDAQ COKE opened at $474.80 on Monday. The firm has a 50-day moving average of $494.95 and a 200-day moving average of $519.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.93 and a current ratio of 1.29. The stock has a market cap of $4.45 billion, a PE ratio of 23.54 and a beta of 1.05. Coca-Cola Consolidated has a 52-week low of $281.01 and a 52-week high of $638.00.

Coca-Cola Consolidated (NASDAQ:COKE – Get Rating) last posted its earnings results on Tuesday, February 22nd. The company reported $6.78 earnings per share (EPS) for the quarter. The company had revenue of $1.40 billion during the quarter. Coca-Cola Consolidated had a net margin of 3.41% and a return on equity of 46.97%.

Large investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. bought a new position in Coca-Cola Consolidated during the fourth quarter worth about $249,000. Squarepoint Ops LLC bought a new position in Coca-Cola Consolidated during the fourth quarter worth about $306,000. Virtu Financial LLC bought a new position in Coca-Cola Consolidated in the 4th quarter valued at about $390,000. Royal Bank of Canada increased its holdings in Coca-Cola Consolidated by 10.1% in the 3rd quarter. Royal Bank of Canada now owns 1,291 shares of the company’s stock valued at $509,000 after buying an additional 118 shares during the period. Finally, Susquehanna International Group LLP increased its holdings in Coca-Cola Consolidated by 4.0% in the 4th quarter. Susquehanna International Group LLP now owns 1,137 shares of the company’s stock valued at $704,000 after buying an additional 44 shares during the period. 61.15% of the stock is currently owned by institutional investors and hedge funds.

Separately, StockNews.com initiated coverage on shares of Coca-Cola Consolidated in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock.

Coca-Cola Consolidated Company Profile (Get Rating)

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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