Coca-Cola Consolidated (COKE) Set to Announce Earnings on Tuesday

Coca-Cola Consolidated (NASDAQ:COKE – Get Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 3rd.

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

Shares of COKE stock opened at $485.14 on Tuesday. The stock has a market capitalization of $4.55 billion, a PE ratio of 24.05 and a beta of 1.05. Coca-Cola Consolidated has a 1-year low of $281.01 and a 1-year high of $638.00. The business has a 50-day moving average of $493.11 and a 200 day moving average of $519.96. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.29 and a quick ratio of 0.93.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 12th. Investors of record on Thursday, April 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, April 27th. Coca-Cola Consolidated’s dividend payout ratio is presently 4.96%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley lifted its holdings in Coca-Cola Consolidated by 60.1% in the 2nd quarter. Morgan Stanley now owns 46,720 shares of the company’s stock worth $18,788,000 after buying an additional 17,546 shares during the period. Legal & General Group Plc lifted its holdings in Coca-Cola Consolidated by 7.9% in the 4th quarter. Legal & General Group Plc now owns 14,153 shares of the company’s stock worth $8,764,000 after buying an additional 1,040 shares during the period. California State Teachers Retirement System lifted its holdings in Coca-Cola Consolidated by 2.3% in the 4th quarter. California State Teachers Retirement System now owns 6,796 shares of the company’s stock worth $4,208,000 after buying an additional 150 shares during the period. Marshall Wace LLP purchased a new stake in Coca-Cola Consolidated in the 4th quarter worth approximately $3,996,000. Finally, Millennium Management LLC lifted its holdings in Coca-Cola Consolidated by 41.9% in the 3rd quarter. Millennium Management LLC now owns 5,249 shares of the company’s stock worth $2,069,000 after buying an additional 1,551 shares during the period. Institutional investors and hedge funds own 61.15% of the company’s stock.

Separately, StockNews.com began coverage on Coca-Cola Consolidated in a report on Thursday, March 31st. They set a “strong-buy” rating for the company.

About Coca-Cola Consolidated (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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