Coca-Cola Consolidated (NASDAQ:COKE) Stock Rating Upgraded by StockNews.com

Coca-Cola Consolidated (NASDAQ:COKE) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock traded up $75.92 during trading on Tuesday, reaching $1,303.52. The company had a trading volume of 65,333 shares, compared to its average volume of 47,508. The firm’s 50-day simple moving average is $1,350.55 and its 200 day simple moving average is $1,297.60. Coca-Cola Consolidated has a 1-year low of $800.76 and a 1-year high of $1,460.92. The firm has a market capitalization of $11.36 billion, a PE ratio of 18.66 and a beta of 0.74. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

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

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brooklyn FI LLC purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth $4,407,000. Jefferies Financial Group Inc. purchased a new position in shares of Coca-Cola Consolidated during the 4th quarter worth $809,000. Pullen Investment Management LLC raised its holdings in shares of Coca-Cola Consolidated by 46.4% during the 4th quarter. Pullen Investment Management LLC now owns 1,649 shares of the company’s stock worth $2,078,000 after acquiring an additional 523 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Coca-Cola Consolidated by 10.8% during the 4th quarter. Sunbelt Securities Inc. now owns 103 shares of the company’s stock worth $128,000 after acquiring an additional 10 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Coca-Cola Consolidated by 9.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,866 shares of the company’s stock worth $19,991,000 after acquiring an additional 1,365 shares during the period. Hedge funds and other 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.