Coca-Cola Consolidated (NASDAQ:COKE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $174.93 and traded as high as $175.13. Coca-Cola Consolidated shares last traded at $172.13, with a volume of 390,638 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Coca-Cola Consolidated Stock Down 0.7%

The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 23.55 and a beta of 0.55. The stock’s fifty day simple moving average is $186.90 and its two-hundred day simple moving average is $174.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.23 and a quick ratio of 0.91.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. The company had revenue of $1.71 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, April 24th. Coca-Cola Consolidated’s dividend payout ratio (DPR) is 13.68%.

Institutional Trading of Coca-Cola Consolidated

Large investors have recently modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in shares of Coca-Cola Consolidated in the 1st quarter worth about $31,000. Torren Management LLC acquired a new stake in shares of Coca-Cola Consolidated in the 4th quarter worth about $29,000. Morse Asset Management Inc acquired a new stake in shares of Coca-Cola Consolidated in the 4th quarter worth about $31,000. Quarry LP acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $25,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter worth about $25,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

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.