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CHARLOTTE, N.C. - Coca-Cola (NYSE:KO) Consolidated, Inc. (NASDAQ: COKE), the largest Coca-Cola bottler in the United States, announced today that its Board of Directors has approved a 10-for-1 split of both its Common Stock and Class B Common Stock, pending stockholder approval. With shares currently trading at $1,335.37, the proposed stock split aims to make the company’s shares more accessible to a wider range of investors.
The stock split is contingent upon shareholders approving an amendment to the company’s Restated Certificate of Incorporation at the Annual Meeting of Stockholders scheduled for May 13, 2025. If the amendment passes, shareholders on record as of May 16, 2025, will receive nine additional shares for each share they hold, with the distribution of additional shares planned for on or around May 23, 2025.
Coca-Cola Consolidated’s shares are anticipated to begin trading on a split-adjusted basis around Tuesday, May 27, 2025. J. Frank Harrison, III, Chairman and Chief Executive Officer, expressed optimism about the stock split, stating, "We are pleased to announce this stock split as our shares are trading near an all-time high. Our solid financial performance has led to increased investor interest in our Company."
This move follows a period of strong financial performance by the beverage company, which has been in operation for over 123 years. InvestingPro analysis shows the company maintains a "GREAT" financial health score and has consistently paid dividends for 54 consecutive years. Coca-Cola Consolidated distributes a wide range of beverage products across 14 states and the District of Columbia to around 60 million consumers. Want deeper insights? InvestingPro offers 10 additional investment tips for COKE stock.
The company’s announcement also contained standard cautionary language, noting that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.
This news is based on a press release statement from Coca-Cola Consolidated, Inc. and has not been independently verified. Investors are advised to review the company’s filings with the U.S. Securities and Exchange Commission for further details and risk factors.
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