Coca-Cola Consolidated (NASDAQ:COKE) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1,304.28 and traded as high as $1,429.45. Coca-Cola Consolidated shares last traded at $1,416.00, with a volume of 30,726 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th.

Coca-Cola Consolidated Stock Performance

The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $12.34 billion, a PE ratio of 20.27 and a beta of 0.88. The company has a 50-day moving average price of $1,358.36 and a two-hundred day moving average price of $1,304.28.

Shares of Coca-Cola Consolidated are scheduled to split on the morning of Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly issued shares will be payable to shareholders after the closing bell on Friday, May 23rd.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Thursday, February 20th. The company reported $18.11 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The firm had revenue of $1.75 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.71%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.32%.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of institutional investors and hedge funds have recently made changes to their positions in COKE. Sunbelt Securities Inc. increased its stake in Coca-Cola Consolidated by 10.8% in the 4th quarter. Sunbelt Securities Inc. now owns 103 shares of the company’s stock worth $128,000 after acquiring an additional 10 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Coca-Cola Consolidated by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 247 shares of the company’s stock worth $311,000 after purchasing an additional 12 shares in the last quarter. Arizona State Retirement System increased its position in shares of Coca-Cola Consolidated by 0.8% in the fourth quarter. Arizona State Retirement System now owns 1,575 shares of the company’s stock worth $1,984,000 after purchasing an additional 12 shares during the last quarter. KG&L Capital Management LLC raised its stake in Coca-Cola Consolidated by 2.0% in the fourth quarter. KG&L Capital Management LLC now owns 720 shares of the company’s stock valued at $907,000 after purchasing an additional 14 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its stake in Coca-Cola Consolidated by 8.2% in the fourth quarter. Congress Wealth Management LLC DE now owns 184 shares of the company’s stock valued at $232,000 after purchasing an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Company Profile

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.