Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has just announced the finalization of a 10-for-1 stock split of the company's common stock and class B common stock. The stock split, which was approved by stockholders, is expected to begin trading on a split-adjusted basis at market open on or about May 27, 2025.
Following the stock split, stockholders will receive nine additional shares for each share of common stock or class B common stock held on May 23, 2025. J. Frank Harrison, III, Chairman and Chief Executive Officer of Coca-Cola Consolidated, expressed his pleasure in stockholders' support for the 10-for-1 stock split, stating that the company believes this move will make its 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 to effect a 10-for-1 forward stock split of the company’s common stock and class B common stock, as well as to proportionally increase the number of authorized shares of common stock and class B common stock to accommodate the stock split. This amendment was approved by the company’s stockholders at its annual meeting of stockholders on May 13, 2025.
Coca-Cola Consolidated, headquartered in Charlotte, N.C., holds the title of being the largest Coca-Cola bottler in the United States, making, selling, and 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, reaching approximately 60 million consumers.
The company has been deeply committed to the consumers, customers, and communities it serves for over 123 years and is passionate about the broad portfolio of beverages and services it offers. The company's purpose is to honor God in all it does, to serve others, to pursue excellence, and to grow profitably.
For more information about Coca-Cola Consolidated, visit www.cokeconsolidated.com and follow the company on social media platforms such as Facebook, Instagram, and LinkedIn. Following these announcements, the company's shares moved 1.15%, 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.
