Somewhat Favorable Press Coverage Extremely Likely to Impact Coca-Cola Consolidated (COKE) Stock Price
News stories about Coca-Cola Consolidated (NASDAQ:COKE) have trended somewhat positive this week, according to InfoTrie. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Coca-Cola Consolidated earned a daily sentiment score of 1.46 on their scale. InfoTrie also assigned news coverage about the company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Coca-Cola Consolidated’s analysis:
- Ever wonder if New Coke was really all that bad? Now’s your chance to find out (tucson.com)
- Coca-Cola is bringing back New Coke in honor of ‘Stranger Things’ (kplr11.com)
- Walmart to make first direct pitch to big corporate ad buyers at New York event (tech.economictimes.indiatimes.com)
- Coca-Cola Consolidated (COKE) Getting Somewhat Favorable News Coverage, Study Shows (americanbankingnews.com)
- Coca-Cola bringing back New Coke in honor of ‘Stranger Things’ (ktvz.com)
Shares of NASDAQ:COKE opened at $304.40 on Friday. Coca-Cola Consolidated has a twelve month low of $125.08 and a twelve month high of $413.39. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.05 and a current ratio of 1.45. The company has a market capitalization of $2.90 billion, a P/E ratio of 49.85 and a beta of 0.80.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.00 annualized dividend and a yield of 0.33%.
COKE has been the subject of several research analyst reports. BidaskClub lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 17th. TheStreet downgraded shares of Coca-Cola Consolidated from a “b” rating to a “c+” rating in a report on Wednesday, February 27th. Finally, ValuEngine upgraded shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th.
In related 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 value 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 filing with the SEC, which is available through this link. 0.01% of the stock is currently owned by corporate insiders.
Coca-Cola Consolidated Company Profile
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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