Why Coca-Cola Consolidated Stock Skyrocketed Over $1,000 Per Share Today
Coca-Cola Consolidated(COKE) The Motley Fool·2024-05-07 16:04You won't believe the amount of money that the bottler intends to return to shareholders.Shares of Coca-Cola Consolidated (COKE 16.18%) -- the largest bottler of products from The Coca-Cola Company as well as a bottler of other beverages -- skyrocketed over $1,000 this morning after the company reported financial results for the first quarter of 2024 and announced a massive plan to repurchase shares. As of 10:20 a.m. ET on Monday, Coca-Cola Consolidated stock was up almost 16%.A massive share repurchase pla ...