Coca-Cola Consolidated Stock Price Breaks Above Two Hundred Day Moving Average

Coca-Cola Consolidated's (NASDAQ:COKE) stock price broke above its two hundred day moving average on Thursday, trading as high as $190.89. The company's shares last traded at $189.65 with a volume of 441,891 shares.

The firm has a market capitalization of $12.62 billion and a P/E ratio of 25.15. Coca-Cola Consolidated recently announced its quarterly earnings results on August 5th, reporting $2.83 earnings per share for the quarter with revenue of $2.05 billion. The company also paid out a quarterly dividend of $0.25 on Friday, August 7th.

Coca-Cola Consolidated's (NASDAQ:COKE) stock has received mixed reviews from analysts, with one analyst rating it as 'Buy' and another downgrading the stock to 'Hold'. Despite this, the company currently has an average rating of 'Buy'. Institutional investors have been actively buying shares of COKE, with several institutions increasing their stakes in the company.