ValuEngine cut shares of Coca-Cola Consolidated (NASDAQ:COKE) from a buy rating to a hold rating in a research note released on Thursday, ValuEngine reports.
Separately, BidaskClub downgraded shares of Coca-Cola Consolidated from a hold rating to a sell rating in a research note on Wednesday, July 17th.
Coca-Cola Consolidated stock traded up $4.27 during trading on Thursday, reaching $292.60. The stock had a trading volume of 65,427 shares, compared to its average volume of 57,219. Coca-Cola Consolidated has a 52-week low of $142.74 and a 52-week high of $413.39. The firm has a 50 day moving average of $301.56. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.05 and a current ratio of 1.45. The stock has a market capitalization of $2.70 billion, a PE ratio of 46.28 and a beta of 0.78.
Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.83) by $1.19. Coca-Cola Consolidated had a negative net margin of 0.27% and a positive return on equity of 12.79%. The company had revenue of $1.10 billion during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 26th will be paid a $0.25 dividend. The ex-dividend date is Thursday, July 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.34%.
In related news, Director John W. Murrey III sold 1,000 shares of Coca-Cola Consolidated stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $379.60, for a total value of $379,600.00. Following the completion of the transaction, the director now owns 500 shares in the company, valued at $189,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.01% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of Coca-Cola Consolidated by 146.2% during the 2nd quarter. Versant Capital Management Inc now owns 96 shares of the company’s stock worth $28,000 after buying an additional 57 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Coca-Cola Consolidated by 529.4% during the 1st quarter. Quadrant Capital Group LLC now owns 107 shares of the company’s stock worth $29,000 after buying an additional 90 shares during the last quarter. Investors Research Corp purchased a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $40,000. Meeder Asset Management Inc. purchased a new stake in shares of Coca-Cola Consolidated during the 1st quarter worth approximately $51,000. Finally, Valeo Financial Advisors LLC lifted its position in shares of Coca-Cola Consolidated by 34.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 271 shares of the company’s stock worth $78,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 38.38% of the company’s stock.
About Coca-Cola Consolidated
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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