Coca-Cola Consolidated (NASDAQ:COKE) Reaches New 52-Week High – Should You Buy?

by · The Cerbat Gem

Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $168.31 and last traded at $167.8060, with a volume of 92414 shares trading hands. The stock had previously closed at $165.78.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Read Our Latest Report on Coca-Cola Consolidated

Coca-Cola Consolidated Trading Up 0.5%

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. The company has a market capitalization of $14.23 billion, a PE ratio of 23.71 and a beta of 0.63. The stock has a fifty day moving average of $145.11 and a 200 day moving average of $125.21.

Coca-Cola Consolidated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, October 24th. Coca-Cola Consolidated’s payout ratio is 14.25%.

Institutional Trading of Coca-Cola Consolidated

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Semmax Financial Advisors Inc. bought a new position in shares of Coca-Cola Consolidated during the 1st quarter valued at about $50,000. Freestone Capital Holdings LLC purchased a new stake in shares of Coca-Cola Consolidated in the first quarter worth about $217,000. Quantbot Technologies LP boosted its stake in Coca-Cola Consolidated by 212.1% during the first quarter. Quantbot Technologies LP now owns 181 shares of the company’s stock valued at $244,000 after buying an additional 123 shares during the last quarter. Petrus Trust Company LTA bought a new stake in Coca-Cola Consolidated in the 1st quarter worth approximately $248,000. Finally, Westbourne Investments Inc. bought a new stake in Coca-Cola Consolidated in the 1st quarter worth approximately $256,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Company Profile

(Get Free Report)

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.

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