Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Announces $0.25 Quarterly Dividend

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) declared a quarterly dividend on Friday, July 10th. Stockholders of record on Friday, July 24th will be given a dividend of 0.25 per share on Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, July 24th.

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

Coca-Cola Consolidated Stock Up 0.6%

Shares of Coca-Cola Consolidated stock opened at $183.09 on Wednesday. The firm has a market cap of $12.19 billion, a PE ratio of 25.05 and a beta of 0.54. Coca-Cola Consolidated has a twelve month low of $110.40 and a twelve month high of $219.65. The business has a 50-day moving average price of $180.06 and a 200 day moving average price of $180.11.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.79 earnings per share for the quarter. The firm had revenue of $1.71 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.72% and a return on equity of 138.44%.

Hedge Funds Weigh In On Coca-Cola Consolidated

Several large investors have recently bought and sold shares of COKE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Coca-Cola Consolidated by 8.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock worth $23,289,000 after purchasing an additional 1,385 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Coca-Cola Consolidated by 1,587.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 270 shares of the company’s stock valued at $30,000 after buying an additional 254 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Coca-Cola Consolidated by 795.4% in the second quarter. Baird Financial Group Inc. now owns 9,966 shares of the company’s stock valued at $1,113,000 after buying an additional 8,853 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Coca-Cola Consolidated by 5,152.8% during the second quarter. Marshall Wace LLP now owns 18,910 shares of the company’s stock worth $2,111,000 after buying an additional 18,550 shares during the period. Finally, Cresset Asset Management LLC boosted its stake in shares of Coca-Cola Consolidated by 169.0% during the second quarter. Cresset Asset Management LLC now owns 4,589 shares of the company’s stock worth $512,000 after buying an additional 2,883 shares during the period. Institutional investors and hedge funds 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.