Coca-Cola Consolidated (NASDAQ:COKE) Shares Pass Above 50-Day Moving Average of $307.24

Coca-Cola Consolidated Inc (NASDAQ:COKE)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $307.24 and traded as high as $316.85. Coca-Cola Consolidated shares last traded at $312.06, with a volume of 1,048 shares traded.

Separately, BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th.

The stock has a market cap of $2.83 billion, a P/E ratio of 50.02 and a beta of 0.80. The stock has a 50 day moving average price of $306.82. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 2.73.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.83) by $1.19. The company had revenue of $1.10 billion for the quarter. Coca-Cola Consolidated had a negative net margin of 0.27% and a positive return on equity of 12.79%.

In other Coca-Cola Consolidated news, Director John W. Murrey III sold 1,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $379.60, for a total transaction of $379,600.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately $189,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.01% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of COKE. Quadrant Capital Group LLC lifted its stake in Coca-Cola Consolidated by 529.4% during the 1st quarter. Quadrant Capital Group LLC now owns 107 shares of the company’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Investors Research Corp bought a new position in Coca-Cola Consolidated during the 1st quarter valued at about $40,000. Meeder Asset Management Inc. bought a new position in Coca-Cola Consolidated during the 1st quarter valued at about $51,000. Acadian Asset Management LLC bought a new position in Coca-Cola Consolidated during the 4th quarter valued at about $71,000. Finally, Valeo Financial Advisors LLC lifted its stake in Coca-Cola Consolidated by 34.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 271 shares of the company’s stock valued at $78,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 38.26% of the company’s stock.

About Coca-Cola Consolidated (NASDAQ:COKE)

Coca-Cola Consolidated, Inc, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.

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