Coca-Cola Consolidated (NASDAQ:COKE) Sets New 52-Week High - Time to Buy?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as $146.37 and last traded at $145.48, with a volume of 755812 shares trading hands. The stock had previously closed at $137.78.Get Coca-Cola Consolidated alerts:Wall Street Analysts Forecast GrowthMitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. DollarCOKE has been the topic of a number of analyst reports. Weiss Ratings raised Coca-Cola Consolidated from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded Coca-Cola Consolidated from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".Check Out Our Latest Report on Coca-Cola ConsolidatedCoca-Cola Consolidated Stock PerformanceBeyond a Market Correction, Moves to Make NowThe stock's 50 day moving average is $123.40 and its two-hundred day moving average is $125.12. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 20.71 and a beta of 0.69. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.88. Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $2.06 earnings per share for the quarter. The company had revenue of $1.89 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.03% and a net margin of 8.66%.Coca-Cola Consolidated Dividend AnnouncementCoca-Cola Stock Analysis: Key Insights and TrendsThe firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Coca-Cola Consolidated's dividend payout ratio (DPR) is 14.25%. Hedge Funds Weigh In On Coca-Cola ConsolidatedSeveral hedge funds have recently modified their holdings of the stock. Davis Investment Partners LLC lifted its holdings in shares of Coca-Cola Consolidated by 980.0% during the second quarter. Davis Investment Partners LLC now owns 5,400 shares of the company's stock worth $624,000 after buying an additional 4,900 shares in the last quarter. Victory Capital Management Inc. raised its stake in Coca-Cola Consolidated by 33.2% in the 1st quarter. Victory Capital Management Inc. now owns 11,310 shares of the company's stock worth $15,268,000 after purchasing an additional 2,821 shares in the last quarter. Pullen Investment Management LLC grew its position in shares of Coca-Cola Consolidated by 910.4% during the 2nd quarter. Pullen Investment Management LLC now owns 17,167 shares of the company's stock worth $1,917,000 after purchasing an additional 15,468 shares in the last quarter. VELA Investment Management LLC increased its holdings in shares of Coca-Cola Consolidated by 905.9% during the second quarter. VELA Investment Management LLC now owns 39,735 shares of the company's stock worth $4,436,000 after purchasing an additional 35,785 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Coca-Cola Consolidated by 265,541.3% in the first quarter. Jones Financial Companies Lllp now owns 502,062 shares of the company's stock valued at $677,784,000 after buying an additional 501,873 shares in the last quarter. Institutional investors own 48.24% of the company's stock. Coca-Cola Consolidated Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Coca-Cola ConsolidatedStock Sentiment Analysis: How it WorksShares Down, Price Targets Up: 3 Stocks Upgraded After +10% DropsHow to Use Stock Screeners to Find StocksNuclear Stocks Are Melting Down—Should Investors Panic?Trading Halts ExplainedMonday.com Opens Generational Opportunity With Manic Sell-OffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Coca-Cola Consolidated Right Now?Before you consider Coca-Cola Consolidated, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Consolidated wasn't on the list.While Coca-Cola Consolidated currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here