Coca-Cola Consolidated Inc (NASDAQ:COKE) announced a quarterly dividend on Monday, January 13th, Wall Street Journal reports. Investors of record on Friday, January 24th will be given a dividend of 0.25 per share on Friday, February 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, January 23rd.
Coca-Cola Consolidated has a payout ratio of 9.4% indicating that its dividend is sufficiently covered by earnings.
Coca-Cola Consolidated stock opened at $279.30 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $2.62 billion, a P/E ratio of -473.38 and a beta of 0.60. The stock’s 50 day moving average is $280.03 and its 200 day moving average is $294.80. Coca-Cola Consolidated has a twelve month low of $200.76 and a twelve month high of $413.39.
Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.44 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.12). The company had revenue of $1.27 billion during the quarter. Coca-Cola Consolidated had a positive return on equity of 20.44% and a negative net margin of 0.11%.
Several analysts recently weighed in on the company. BidaskClub downgraded Coca-Cola Consolidated from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. ValuEngine raised Coca-Cola Consolidated from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 13th.
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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