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

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COKE. V Square Quantitative Management LLC bought a new position in shares of Coca-Cola Consolidated in the third quarter worth about $37,000. UMB Bank n.a. increased its holdings in shares of Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after purchasing an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Coca-Cola Consolidated in the 2nd quarter worth 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 boosted its position in Coca-Cola Consolidated by 15.3% in the 2nd quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after buying an additional 9 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

COKE stock traded up $19.99 during mid-day trading on Wednesday, reaching $1,259.99. 45,663 shares of the stock traded hands, compared to its average volume of 49,561. Coca-Cola Consolidated has a 52 week low of $800.76 and a 52 week high of $1,376.84. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $11.04 billion, a PE ratio of 21.93 and a beta of 0.88. The business has a 50-day moving average of $1,241.30 and a two-hundred day moving average of $1,224.12.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. The company 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%.

Coca-Cola Consolidated Company Profile

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.