Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has finalized a 10-for-1 stock split of the company's common stock and class B common stock. The stock split was approved by the stockholders and shares are expected to begin trading on a split-adjusted basis at market open on or about May 27, 2025. 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, expressed pleasure at 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 to effect a 10-for-1 forward stock split of the company’s common stock and class B common stock and to proportionally increase the number of authorized shares of common stock and class B common stock to accommodate the stock split. The amendment was approved by the company’s stockholders at its annual meeting of stockholders on May 13, 2025.
Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, with a distribution network covering more than 300 brands and flavors across 14 states and the District of Columbia, serving approximately 60 million consumers. The company has been deeply committed to the consumers, customers, and communities it serves for over 123 years.
No cautionary note regarding financial metrics was provided in the press release. The market has reacted to these announcements by moving the company's shares 1.15% to a price of $1175.86. If you want to know more, read the company's complete 8-K report here.
