Coca-Cola Consolidated (NASDAQ:COKE) Reaches New 12-Month High – Should You Buy?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) shares reached a new 52-week high on Thursday . The stock traded as high as $1,440.00 and last traded at $1,441.18, with a volume of 3427 shares traded. The stock had previously closed at $1,425.27.

Coca-Cola Consolidated Price Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The company has a fifty day moving average price of $1,301.84 and a 200 day moving average price of $1,280.20. The company has a market capitalization of $12.57 billion, a P/E ratio of 24.97 and a beta of 0.89.

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 annualized dividend and a dividend yield of 0.70%. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

Institutional Trading of Coca-Cola Consolidated

Several hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in Coca-Cola Consolidated by 33.3% in the fourth quarter. Invesco Ltd. now owns 125,003 shares of the company’s stock worth $157,503,000 after purchasing an additional 31,195 shares during the period. Bank of Montreal Can grew its holdings in shares of Coca-Cola Consolidated by 17.7% during the 4th quarter. Bank of Montreal Can now owns 1,203 shares of the company’s stock valued at $1,516,000 after acquiring an additional 181 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in shares of Coca-Cola Consolidated in the fourth quarter worth $249,000. FMR LLC raised its holdings in shares of Coca-Cola Consolidated by 1.6% during the fourth quarter. FMR LLC now owns 131,508 shares of the company’s stock worth $165,698,000 after acquiring an additional 2,021 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Coca-Cola Consolidated by 4.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,400 shares of the company’s stock valued at $1,764,000 after purchasing an additional 56 shares during the last quarter. 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.