Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Sees Large Increase in Short Interest

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) was the recipient of 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. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 36,300 shares, the short-interest ratio is presently 1.9 days.

Coca-Cola Consolidated Stock Down 3.4 %

Shares of COKE traded down $49.87 during trading hours on Monday, reaching $1,408.59. The stock had a trading volume of 46,660 shares, compared to its average volume of 37,402. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 24.51 and a beta of 0.89. The firm has a 50-day simple moving average of $1,307.02 and a 200 day simple moving average of $1,285.47. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated has a 12 month low of $800.76 and a 12 month high of $1,460.92.

Coca-Cola Consolidated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, January 24th. Coca-Cola Consolidated’s dividend payout ratio is currently 17.40%.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new stake in Coca-Cola Consolidated during the 4th quarter worth approximately $29,000. V Square Quantitative Management LLC purchased a new position in shares of Coca-Cola Consolidated during the third quarter valued at approximately $37,000. E Fund Management Hong Kong Co. Ltd. raised its position in Coca-Cola Consolidated by 1,133.3% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 37 shares of the company’s stock valued at $47,000 after buying an additional 34 shares during the last quarter. Allworth Financial LP lifted its stake in Coca-Cola Consolidated by 260.0% during the 4th quarter. Allworth Financial LP now owns 36 shares of the company’s stock valued at $48,000 after acquiring an additional 26 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in Coca-Cola Consolidated during the 4th quarter worth $52,000. Institutional investors and hedge funds own 48.24% of the company’s stock.

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.