Coca-Cola Consolidated, Inc. (COKE) To Go Ex-Dividend on April 24th

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced a quarterly dividend on Friday, April 10th. Investors of record on Friday, April 24th will be given a dividend of 0.25 per share on Friday, May 8th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, April 24th.

Coca-Cola Consolidated has raised its dividend by an average of 0.6%annually over the last three years and has raised its dividend every year for the last 2 years.

Coca-Cola Consolidated Stock Down 0.7%

COKE stock opened at $184.60 on Wednesday. The company has a fifty day moving average price of $193.61 and a 200 day moving average price of $165.04. Coca-Cola Consolidated has a 12 month low of $105.21 and a 12 month high of $219.65. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 27.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results 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 firm had revenue of $1.90 billion during the quarter.

Hedge Funds Weigh In On Coca-Cola Consolidated

Large investors have recently bought and sold shares of the company. Torren Management LLC purchased a new position in Coca-Cola Consolidated during the 4th quarter worth $29,000. Morse Asset Management Inc purchased a new position in Coca-Cola Consolidated during the 4th quarter worth $31,000. Quarry LP purchased a new position in Coca-Cola Consolidated during the 3rd quarter worth $25,000. Advisory Services Network LLC purchased a new position in Coca-Cola Consolidated during the 3rd quarter worth $25,000. Finally, Smartleaf Asset Management LLC raised its position in Coca-Cola Consolidated by 175.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors 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.