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

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) saw a significant decrease in short interest in 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 days-to-cover ratio is currently 1.7 days. Approximately 1.1% of the shares of the stock are short sold.

Coca-Cola Consolidated Price Performance

Coca-Cola Consolidated stock opened at $1,240.00 on Tuesday. The stock has a market capitalization of $10.86 billion, a P/E ratio of 21.58 and a beta of 0.88. The company’s fifty day moving average price is $1,241.41 and its 200 day moving average price is $1,222.31. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. 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) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) 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 for the quarter.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of large investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in shares of Coca-Cola Consolidated by 1,308.6% in the second quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after purchasing an additional 160,521 shares during the last quarter. State Street Corp grew its holdings in Coca-Cola Consolidated by 18.4% in the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after buying an additional 26,752 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after acquiring an additional 152,500 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after acquiring an additional 17,408 shares during the period. Finally, Wallace Capital Management Inc. acquired a new position in shares of Coca-Cola Consolidated during the 2nd quarter valued at about $90,404,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

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.