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

Coca-Cola Consolidated (NASDAQ:COKE) announced its earnings results on Thursday. The company reported $18.11 earnings per share (EPS) for the quarter, Zacks reports. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock traded up $32.93 during trading hours on Thursday, reaching $1,442.65. 45,255 shares of the company traded hands, compared to its average volume of 38,981. Coca-Cola Consolidated has a 12-month low of $800.76 and a 12-month high of $1,460.92. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The company has a market cap of $12.64 billion, a P/E ratio of 25.11 and a beta of 0.89. The firm has a 50-day moving average price of $1,314.88 and a 200 day moving average price of $1,288.38.

Coca-Cola Consolidated Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a dividend of $2.50 per share. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.69%. Coca-Cola Consolidated’s payout ratio is currently 17.40%.

Coca-Cola Consolidated Company Profile

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.