Coca-Cola Consolidated, Inc. (NASDAQ: COKE) recently announced the finalization of its 10-for-1 stock split, with shares expected to begin trading on a split-adjusted basis on or about May 27, 2025. This decision was supported by the company's stockholders and is aimed at making the stock more accessible to a broader range of investors.
The stock split, which was approved at the company’s annual meeting of stockholders on May 13, 2025, entails stockholders receiving nine additional shares for each share of common stock or class b common stock held. This move is part 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.
Coca-Cola Consolidated, Inc., the largest Coca-Cola bottler in the United States, has been deeply committed to consumers, customers, and communities for over 123 years. The company distributes 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.
The company's purpose is to honor God in all they do, serve others, pursue excellence, and grow profitably.
For more information about Coca-Cola Consolidated, Inc., visit www.cokeconsolidated.com and follow the company on social media platforms. 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.
