Coca-Cola Consolidated (NASDAQ:COKE) Reaches New 12-Month High – Still a Buy?

Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) reached a new 52-week high on Monday . The company traded as high as $218.54 and last traded at $215.85, with a volume of 100014 shares trading hands. The stock had previously closed at $216.91.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola Consolidated has an average rating of “Buy”.

Coca-Cola Consolidated Trading Up 1.4%

The company has a market cap of $14.41 billion, a P/E ratio of 31.76 and a beta of 0.60. The business’s 50-day moving average price is $172.57 and its 200 day moving average price is $151.69. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, February 18th. The company reported $2.11 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%. The company had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, January 23rd. Coca-Cola Consolidated’s payout ratio is 14.66%.

Institutional Trading of Coca-Cola Consolidated

A number of hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in Coca-Cola Consolidated in the 3rd quarter valued at $25,000. Nomura Asset Management Co. Ltd. lifted its holdings in Coca-Cola Consolidated by 900.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter valued at $26,000. Finally, Smartleaf Asset Management LLC boosted its position in Coca-Cola Consolidated by 175.0% during the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.