Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Short Interest Update

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 68,800 shares, a growth of 16.0% from the January 15th total of 59,300 shares. Based on an average daily volume of 36,300 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its stake in Coca-Cola Consolidated by 10.8% in the fourth quarter. Sunbelt Securities Inc. now owns 103 shares of the company's stock valued at $128,000 after acquiring an additional 10 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Coca-Cola Consolidated by 9.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,866 shares of the company's stock worth $19,991,000 after buying an additional 1,365 shares during the last quarter. Sovereign s Capital Management LLC bought a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth $4,051,000. Squarepoint Ops LLC bought a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth $1,046,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth $378,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Price Performance

NASDAQ:COKE traded down $59.79 during mid-day trading on Friday, reaching $1,382.86. The stock had a trading volume of 67,595 shares, compared to its average volume of 39,829. The stock has a 50-day simple moving average of $1,320.38 and a two-hundred day simple moving average of $1,290.61. The stock has a market capitalization of $12.11 billion, a PE ratio of 24.07 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated has a 12 month low of $800.76 and a 12 month high of $1,460.92.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $18.11 earnings per share (EPS) for the quarter. The business had revenue of $1.75 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $2.50 dividend. The ex-dividend date was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.72%. Coca-Cola Consolidated's dividend payout ratio (DPR) is 17.40%.

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.