Coca-Cola Consolidated (NASDAQ:COKE) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,304.28 and traded as high as $1,429.45. Coca-Cola Consolidated shares last traded at $1,416.00, with a volume of 30,726 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th.

Coca-Cola Consolidated Trading Up 1.1 %

The firm has a market capitalization of $12.34 billion, a PE ratio of 20.27 and a beta of 0.88. The firm’s 50-day simple moving average is $1,358.37 and its 200-day simple moving average is $1,305.10. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

Shares of Coca-Cola Consolidated are going to split on the morning of Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly created shares will be payable to shareholders after the market closes on Friday, May 23rd.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings results on Thursday, February 20th. The company reported $18.11 EPS for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%. The business had revenue of $1.75 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 0.71%. Coca-Cola Consolidated’s payout ratio is 14.32%.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of large investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Coca-Cola Consolidated in the fourth quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Coca-Cola Consolidated by 1,133.3% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after buying an additional 34 shares during the period. Allworth Financial LP lifted its stake in Coca-Cola Consolidated by 260.0% in the fourth quarter. Allworth Financial LP now owns 36 shares of the company’s stock worth $48,000 after acquiring an additional 26 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in Coca-Cola Consolidated in the fourth quarter valued at $52,000. Finally, Transce3nd LLC purchased a new position in Coca-Cola Consolidated during the 4th quarter valued at $63,000. Institutional investors own 48.24% of the company’s stock.

About Coca-Cola Consolidated

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.