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

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,330,000 shares, an increase of 1,475.8% from the April 30th total of 84,400 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 599,700 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Coca-Cola Consolidated from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 10th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COKE. Newbridge Financial Services Group Inc. bought a new position in shares of Coca-Cola Consolidated during the fourth quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Coca-Cola Consolidated during the first quarter worth approximately $46,000. Allworth Financial LP increased its holdings in shares of Coca-Cola Consolidated by 260.0% during the fourth quarter. Allworth Financial LP now owns 36 shares of the company's stock worth $48,000 after purchasing an additional 26 shares during the period. Semmax Financial Advisors Inc. bought a new position in shares of Coca-Cola Consolidated during the first quarter worth approximately $50,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Coca-Cola Consolidated during the fourth quarter worth approximately $52,000. 48.24% of the stock is owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock traded down $1.82 during trading hours on Monday, hitting $112.83. The company had a trading volume of 689,269 shares, compared to its average volume of 516,317. The firm has a market cap of $9.84 billion, a PE ratio of 1.62 and a beta of 0.89. 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 one year low of $96.50 and a one year high of $146.09. The firm has a 50-day moving average of $147.41 and a 200 day moving average of $137.09.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.56 earnings per share for the quarter. The firm had revenue of $1.58 billion for the quarter. Coca-Cola Consolidated had a net margin of 9.18% and a return on equity of 49.88%.

Coca-Cola Consolidated Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.25 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.00 annualized dividend and a yield of 0.89%. Coca-Cola Consolidated's dividend payout ratio is currently 15.60%.

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.