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

by · The Cerbat Gem

Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 58,600 shares, a decrease 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 presently 1.7 days. Currently, 1.1% of the company’s shares are sold short.

Coca-Cola Consolidated Trading Up 1.6 %

Shares of COKE stock traded up $19.99 during trading hours on Wednesday, reaching $1,259.99. The company had a trading volume of 45,663 shares, compared to its average volume of 49,561. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 21.93 and a beta of 0.88. The company has a 50 day moving average of $1,241.30 and a 200 day moving average of $1,224.12. 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 1-year low of $800.76 and a 1-year high of $1,376.84.

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

Hedge Funds Weigh In On Coca-Cola Consolidated

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Coca-Cola Consolidated by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after buying an additional 1,453 shares during the period. Franklin Resources Inc. lifted its position in Coca-Cola Consolidated by 133.5% in the 3rd quarter. Franklin Resources Inc. now owns 9,480 shares of the company’s stock valued at $12,339,000 after acquiring an additional 5,420 shares in the last quarter. Tidal Investments LLC boosted its stake in Coca-Cola Consolidated by 214.0% in the 3rd quarter. Tidal Investments LLC now owns 1,573 shares of the company’s stock worth $2,071,000 after purchasing an additional 1,072 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $72,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Coca-Cola Consolidated by 4.8% in the third quarter. Sanctuary Advisors LLC now owns 968 shares of the company’s stock valued at $1,220,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

About Coca-Cola Consolidated

(Get Free Report)

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.

Featured Stories