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

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) saw a significant drop in short interest in 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. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 35,500 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On Coca-Cola Consolidated

Several institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in Coca-Cola Consolidated during the 3rd quarter valued at approximately $37,000. UMB Bank n.a. boosted its position in shares of Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after buying an additional 13 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Coca-Cola Consolidated in the 2nd quarter valued at approximately $62,000. Wilmington Savings Fund Society FSB acquired a new position in Coca-Cola Consolidated during the 3rd quarter worth $72,000. Finally, Signaturefd LLC raised its stake in shares of Coca-Cola Consolidated by 15.3% during the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after purchasing an additional 9 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Trading Up 1.6 %

Shares of COKE opened at $1,259.99 on Thursday. 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 $1,376.84. The stock has a market cap of $11.04 billion, a PE ratio of 21.93 and a beta of 0.88. The stock’s 50-day moving average is $1,241.03 and its two-hundred day moving average is $1,224.37.

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

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.