Coca-Cola Consolidated Inc (NASDAQ:COKE) declared a quarterly dividend on Monday, April 15th, Wall Street Journal reports. Shareholders of record on Friday, April 26th will be given a dividend of 0.25 per share on Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, April 25th.
Coca-Cola Consolidated has a dividend payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings.
NASDAQ COKE traded up $7.64 on Monday, hitting $298.15. 29,030 shares of the stock were exchanged, compared to its average volume of 34,060. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 58.15 and a beta of 0.76. Coca-Cola Consolidated has a 52-week low of $125.08 and a 52-week high of $299.88.
Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $1.82 EPS for the quarter. The company had revenue of $1.14 billion during the quarter. Coca-Cola Consolidated had a negative net margin of 0.43% and a positive return on equity of 10.40%.
Several analysts recently weighed in on COKE shares. BidaskClub downgraded Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 27th. ValuEngine upgraded Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, TheStreet downgraded Coca-Cola Consolidated from a “b” rating to a “c+” rating in a report on Wednesday, February 27th.
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Coca-Cola Consolidated Company Profile
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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