Coca-Cola Consolidated (NASDAQ:COKE) Shares Pass Above Two Hundred Day Moving Average of $290.26

Coca-Cola Consolidated Inc (NASDAQ:COKE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $290.26 and traded as high as $365.99. Coca-Cola Consolidated shares last traded at $358.36, with a volume of 439 shares.

A number of research firms recently weighed in on COKE. ValuEngine downgraded shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub raised shares of Coca-Cola Consolidated from a “sell” rating to a “hold” rating in a research note on Friday, August 9th.

The company has a debt-to-equity ratio of 2.57, a current ratio of 1.44 and a quick ratio of 1.05. The firm has a market capitalization of $3.37 billion, a P/E ratio of 36.60 and a beta of 0.78. The stock’s 50 day moving average is $307.16 and its two-hundred day moving average is $290.26.



Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $4.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $3.09. Coca-Cola Consolidated had a net margin of 0.14% and a return on equity of 19.53%. The business had revenue of $1.27 billion during the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, July 25th.

A number of large investors have recently modified their holdings of COKE. Norges Bank bought a new stake in Coca-Cola Consolidated in the fourth quarter valued at approximately $10,474,000. JPMorgan Chase & Co. increased its stake in Coca-Cola Consolidated by 929.0% in the first quarter. JPMorgan Chase & Co. now owns 59,712 shares of the company’s stock valued at $17,186,000 after purchasing an additional 53,909 shares in the last quarter. Vanguard Group Inc. increased its stake in Coca-Cola Consolidated by 7.7% in the second quarter. Vanguard Group Inc. now owns 541,901 shares of the company’s stock valued at $162,164,000 after purchasing an additional 38,820 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $9,461,000. Finally, Citadel Advisors LLC bought a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $7,735,000. 38.62% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Company Profile (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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