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

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

Coca-Cola Consolidated (NASDAQ:COKEGet 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.

Recommended Stories

Earnings History for Coca-Cola Consolidated (NASDAQ:COKE)

Receive News & Ratings for Coca-Cola Consolidated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Consolidated and related companies with MarketBeat.com's FREE daily email newsletter.