Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Short Interest Up 16.0% in January

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 68,800 shares, an increase of 16.0% from the January 15th total of 59,300 shares. Based on an average daily volume of 36,300 shares, the short-interest ratio is presently 1.9 days. Approximately 1.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Coca-Cola Consolidated by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock valued at $25,239,000 after acquiring an additional 1,453 shares during the period. Mutual of America Capital Management LLC lifted its position in Coca-Cola Consolidated by 8.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock valued at $7,818,000 after acquiring an additional 474 shares during the period. International Assets Investment Management LLC lifted its position in Coca-Cola Consolidated by 74,390.2% during the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after acquiring an additional 152,500 shares during the period. James Investment Research Inc. lifted its position in Coca-Cola Consolidated by 34.7% during the 4th quarter. James Investment Research Inc. now owns 1,825 shares of the company’s stock valued at $2,299,000 after acquiring an additional 470 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $1,022,000. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 3.4 %

Shares of NASDAQ:COKE traded down $49.87 on Monday, hitting $1,408.59. The company had a trading volume of 46,660 shares, compared to its average volume of 37,402. The firm’s 50-day simple moving average is $1,309.65 and its two-hundred day simple moving average is $1,286.65. Coca-Cola Consolidated has a 1 year low of $800.76 and a 1 year high of $1,460.92. 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 $12.34 billion, a price-to-earnings ratio of 24.51 and a beta of 0.89.

Coca-Cola Consolidated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $10.00 dividend on an annualized basis and a yield of 0.71%. Coca-Cola Consolidated’s dividend payout ratio (DPR) is currently 17.40%.

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.