Coca-Cola Consolidated (NASDAQ:COKE) Issues Quarterly Earnings Results

Coca-Cola Consolidated (NASDAQ:COKE) announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.83) by $1.19, Fidelity Earnings reports. Coca-Cola Consolidated had a negative net margin of 0.27% and a positive return on equity of 12.79%. The business had revenue of $1.10 billion for the quarter.

Shares of NASDAQ:COKE traded down $3.32 on Friday, reaching $308.41. 3,576 shares of the company’s stock were exchanged, compared to its average volume of 114,777. Coca-Cola Consolidated has a twelve month low of $125.08 and a twelve month high of $413.39. The firm has a market cap of $2.91 billion, a PE ratio of 49.15 and a beta of 0.80. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 2.73.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%.

A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 17th. ValuEngine upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, TheStreet lowered shares of Coca-Cola Consolidated from a “b” rating to a “c+” rating in a research report on Wednesday, February 27th.

In other Coca-Cola Consolidated news, Director John W. Murrey III sold 1,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $379.60, for a total transaction of $379,600.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately $189,800. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.01% of the company’s stock.

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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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Earnings History for Coca-Cola Consolidated (NASDAQ:COKE)

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