Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Short Interest Up 26.2% in January

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,970,117 shares, a growth of 26.2% from the January 15th total of 1,561,344 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 339,505 shares, the short-interest ratio is presently 5.8 days. Based on an average daily trading volume, of 339,505 shares, the short-interest ratio is presently 5.8 days. Approximately 2.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Coca-Cola Consolidated Trading Down 1.1%

NASDAQ COKE opened at $161.91 on Tuesday. Coca-Cola Consolidated has a one year low of $105.21 and a one year high of $169.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.79 and a current ratio of 2.04. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 23.05 and a beta of 0.64. The company’s 50-day simple moving average is $155.97 and its two-hundred day simple moving average is $139.29.

Coca-Cola Consolidated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Friday, January 23rd were issued a $0.25 dividend. The ex-dividend date was Friday, January 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 14.25%.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of hedge funds have recently made changes to their positions in COKE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Coca-Cola Consolidated by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,251 shares of the company’s stock valued at $23,289,000 after purchasing an additional 1,385 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 902.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,126 shares of the company’s stock valued at $684,000 after buying an additional 5,515 shares in the last quarter. CWM LLC grew its position in shares of Coca-Cola Consolidated by 452.9% in the 2nd quarter. CWM LLC now owns 4,324 shares of the company’s stock worth $483,000 after buying an additional 3,542 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Coca-Cola Consolidated by 285.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 25,213 shares of the company’s stock worth $2,915,000 after buying an additional 18,671 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Coca-Cola Consolidated by 848.3% during the 2nd quarter. Yousif Capital Management LLC now owns 13,513 shares of the company’s stock worth $1,509,000 after acquiring an additional 12,088 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

About Coca-Cola Consolidated

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated’s operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.