Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has announced the finalization of its 10-for-1 stock split, with shares expected to trade on a split-adjusted basis from May 27, 2025. The stock split, which was approved by the company's stockholders, will see stockholders receive nine additional shares for each share of common stock or class B common stock held.
J. Frank Harrison, III, Chairman and CEO of Coca-Cola Consolidated, expressed pleasure in the stockholders' support for the 10-for-1 stock split, stating that it would make the stock more accessible to a broader range of investors. The stock split was subject to stockholder approval of an amendment to the company's restated certificate of incorporation, which was approved at the annual meeting of stockholders on May 13, 2025.
Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, distributing beverages of the Coca-Cola Company and other partner companies in more than 300 brands and flavors across 14 states and the District of Columbia, serving approximately 60 million consumers.
For over 123 years, the company has been deeply committed to the consumers, customers, and communities it serves, with a passion for the broad portfolio of beverages and services offered. The company's purpose is to honor God in all it does, serve others, pursue excellence, and grow profitably.
The company's stock split announcement comes after a period of growth and development, with the stock split expected to have a significant impact on the accessibility and trading of its shares. Investors and analysts will be closely watching the market open on or about May 27, 2025, to gauge the effects of the split on the company's stock performance and investor sentiment. As a result of these announcements, the company's shares have moved 1.15% on the market, and are now trading at a price of $1175.86. For the full picture, make sure to review Coca-Cola Consolidated's 8-K report.
