Coca-Cola Consolidated (NASDAQ:COKE) Stock Price Down 5.5% – Should You Sell?

Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) fell 5.5% during trading on Monday . The stock traded as low as $190.00 and last traded at $190.3910. 433,772 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 474,265 shares. The stock had previously closed at $201.45.

Analysts Set New Price Targets

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

Coca-Cola Consolidated Trading Down 5.9%

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 1.26. The stock has a market capitalization of $12.62 billion, a PE ratio of 27.83 and a beta of 0.60. The business’s 50-day moving average is $176.12 and its two-hundred day moving average is $153.61.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $2.11 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 during the quarter.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were given a $0.25 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is presently 14.66%.

Hedge Funds Weigh In On Coca-Cola Consolidated

Several institutional investors and hedge funds have recently added to or reduced their stakes in COKE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Coca-Cola Consolidated by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock valued at $23,289,000 after buying an additional 1,385 shares during the period. ProShare Advisors LLC raised its position in Coca-Cola Consolidated by 931.7% in the second quarter. ProShare Advisors LLC now owns 2,600 shares of the company’s stock worth $290,000 after acquiring an additional 2,348 shares in the last quarter. Boston Partners lifted its holdings in Coca-Cola Consolidated by 942.2% in the second quarter. Boston Partners now owns 2,089,876 shares of the company’s stock valued at $233,345,000 after acquiring an additional 1,889,358 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Coca-Cola Consolidated by 915.6% in the second quarter. PNC Financial Services Group Inc. now owns 2,407 shares of the company’s stock valued at $269,000 after acquiring an additional 2,170 shares during the period. Finally, Creative Planning boosted its position in shares of Coca-Cola Consolidated by 868.2% during the 2nd quarter. Creative Planning now owns 25,240 shares of the company’s stock worth $2,818,000 after purchasing an additional 22,633 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

About Coca-Cola Consolidated

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.