Coca-Cola Consolidated (NASDAQ:COKE) Shares to Split on Tuesday, May 27th

Coca-Cola Consolidated, Inc. (NASDAQ:COKE)’s stock is set to split on 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 Trading Down 0.5%

COKE stock opened at $1,145.05 on Thursday. Coca-Cola Consolidated has a one year low of $925.08 and a one year high of $1,460.92. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 16.39 and a beta of 0.89. The company has a fifty day moving average price of $1,309.16 and a two-hundred day moving average price of $1,301.91. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $15.61 EPS for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%. The business had revenue of $1.58 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a dividend of $2.50 per share. The ex-dividend date was Friday, April 25th. This represents a $10.00 dividend on an annualized basis and a yield of 0.87%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 15.61%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 10th.

Institutional Trading of Coca-Cola Consolidated

A number of institutional investors and hedge funds have recently made changes to their positions in COKE. Newbridge Financial Services Group Inc. acquired a new position in Coca-Cola Consolidated during the fourth quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Coca-Cola Consolidated in the 1st quarter valued at $46,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Coca-Cola Consolidated by 1,133.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock worth $47,000 after buying an additional 34 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after buying an additional 26 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Coca-Cola Consolidated during the 4th quarter worth $52,000. 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.