Coca-Cola Consolidated (NASDAQ:COKE) Hits New 1-Year High - What's Next?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $168.31 and last traded at $167.8060, with a volume of 92414 shares changing hands. The stock had previously closed at $165.78.Get Coca-Cola Consolidated alerts:Wall Street Analyst Weigh InMitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. DollarSeparately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy".View Our Latest Analysis on Coca-Cola ConsolidatedCoca-Cola Consolidated Stock PerformanceBeyond a Market Correction, Moves to Make NowThe firm has a market cap of $14.23 billion, a P/E ratio of 23.71 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. The business's 50-day simple moving average is $145.11 and its 200 day simple moving average is $125.21. Coca-Cola Consolidated Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, October 24th. Coca-Cola Consolidated's payout ratio is currently 14.25%. Hedge Funds Weigh In On Coca-Cola ConsolidatedCoca-Cola Stock Analysis: Key Insights and TrendsSeveral institutional investors have recently made changes to their positions in COKE. Norges Bank bought a new stake in Coca-Cola Consolidated during the second quarter valued at approximately $280,669,000. Boston Partners grew its position in shares of Coca-Cola Consolidated by 3.4% during the 3rd quarter. Boston Partners now owns 2,160,088 shares of the company's stock valued at $253,207,000 after acquiring an additional 70,212 shares during the period. State Street Corp increased its stake in shares of Coca-Cola Consolidated by 836.9% in the 2nd quarter. State Street Corp now owns 1,729,065 shares of the company's stock worth $193,050,000 after purchasing an additional 1,544,516 shares in the last quarter. Diversified Trust Co raised its holdings in Coca-Cola Consolidated by 900.0% in the 2nd quarter. Diversified Trust Co now owns 1,462,487 shares of the company's stock worth $163,287,000 after purchasing an additional 1,316,233 shares during the period. Finally, First Trust Advisors LP raised its holdings in Coca-Cola Consolidated by 119.3% in the 3rd quarter. First Trust Advisors LP now owns 1,433,570 shares of the company's stock worth $167,957,000 after purchasing an additional 779,915 shares during the period. Institutional investors own 48.24% of the company's stock. About Coca-Cola Consolidated (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.Featured ArticlesFive stocks we like better than Coca-Cola ConsolidatedHow to invest in marijuana stocks in 7 steps Rivian’s Autonomy Bombshell Changes Everything—Even Its ValuationInsider Trading - What You Need to KnowFinancial Sector Breaks Out as Capital Rotates and Leadership ShiftsInvesting In Preferred Stock vs. Common StockSuper Micro's Sell-Off Is a Mirage—Here’s Why the Rally May Come Back FastThis 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