Short Interest in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Drops By 6.8%

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 58,600 shares, a drop of 6.8% from the November 30th total of 62,900 shares. Based on an average daily volume of 35,500 shares, the short-interest ratio is currently 1.7 days. Approximately 1.1% of the company's shares are short sold.

Coca-Cola Consolidated Trading Up 1.6 %

NASDAQ COKE traded up $19.99 during trading on Tuesday, hitting $1,259.99. The stock had a trading volume of 45,663 shares, compared to its average volume of 49,561. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 21.93 and a beta of 0.88. The stock has a 50 day simple moving average of $1,241.41 and a 200 day simple moving average of $1,222.31. Coca-Cola Consolidated has a one year low of $800.76 and a one year high of $1,376.84. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The business had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Hedge Funds Weigh In On Coca-Cola Consolidated

Hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its holdings in Coca-Cola Consolidated by 8.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company's stock worth $7,818,000 after purchasing an additional 474 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock valued at $201,021,000 after acquiring an additional 152,500 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Coca-Cola Consolidated in the third quarter worth about $1,022,000. Dorsey Wright & Associates bought a new position in Coca-Cola Consolidated during the 3rd quarter worth about $1,468,000. Finally, National Bank of Canada FI increased its position in Coca-Cola Consolidated by 351.9% during the 3rd quarter. National Bank of Canada FI now owns 2,300 shares of the company's stock valued at $3,028,000 after purchasing an additional 1,791 shares during the period. 48.24% of the stock is currently owned by institutional investors.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc, together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks.