Coca-Cola Consolidated (NASDAQ:COKE) Shares Set to Split on Tuesday, May 27th

Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) are scheduled to split on Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly created shares will be distributed to shareholders after the closing bell on Friday, May 23rd.

Coca-Cola Consolidated Stock Performance

COKE stock opened at $1,152.50 on Friday. Coca-Cola Consolidated has a twelve month low of $925.08 and a twelve month high of $1,460.92. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 16.50 and a beta of 0.89. The business’s fifty day simple moving average is $1,320.08 and its two-hundred day simple moving average is $1,304.29. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $15.61 earnings per share for the quarter. The company had revenue of $1.58 billion during the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $10.00 annualized dividend and a yield of 0.87%. Coca-Cola Consolidated’s payout ratio is currently 15.61%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new stake in shares of Coca-Cola Consolidated in the 4th quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in Coca-Cola Consolidated in the first quarter worth approximately $46,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Coca-Cola Consolidated by 1,133.3% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock worth $47,000 after buying an additional 34 shares during the period. Allworth Financial LP lifted its holdings in Coca-Cola Consolidated by 260.0% during the fourth quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after buying an additional 26 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in Coca-Cola Consolidated during the 4th quarter valued at $52,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Company Profile

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