Coca-Cola Consolidated (NASDAQ:COKE) Shares Gap Up to $434.69

Coca-Cola Consolidated, Inc. (NASDAQ:COKEGet Rating)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $434.69, but opened at $449.85. Coca-Cola Consolidated shares last traded at $438.23, with a volume of 24 shares changing hands.

Coca-Cola Consolidated Price Performance

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.24 and a quick ratio of 0.93. The firm has a market cap of $4.03 billion, a PE ratio of 14.38 and a beta of 0.90. The firm has a 50-day simple moving average of $499.96 and a 200 day simple moving average of $509.65.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Wednesday, July 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Tuesday, July 19th. Coca-Cola Consolidated’s dividend payout ratio is currently 3.34%.

Hedge Funds Weigh In On Coca-Cola Consolidated

Several institutional investors and hedge funds have recently added to or reduced their stakes in COKE. GPS Wealth Strategies Group LLC lifted its position in Coca-Cola Consolidated by 416.7% during the first quarter. GPS Wealth Strategies Group LLC now owns 62 shares of the company’s stock valued at $31,000 after buying an additional 50 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of Coca-Cola Consolidated in the 2nd quarter worth about $51,000. Covestor Ltd raised its position in shares of Coca-Cola Consolidated by 5,600.0% in the 1st quarter. Covestor Ltd now owns 114 shares of the company’s stock worth $57,000 after purchasing an additional 112 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Coca-Cola Consolidated by 69.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 127 shares of the company’s stock worth $63,000 after purchasing an additional 52 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new position in shares of Coca-Cola Consolidated in the 1st quarter worth about $65,000. Hedge funds and other institutional investors own 38.11% of the company’s stock.

Coca-Cola Consolidated Company Profile

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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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