Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Sees Significant Growth in Short Interest

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 81,700 shares, a growth of 20.3% from the March 31st total of 67,900 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily volume of 47,300 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analyst Weigh In

• Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. Dollar

Separately, StockNews.com raised shares of Coca-Cola Consolidated from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Read Our Latest Stock Analysis on COKE

Coca-Cola Consolidated Stock Performance

• Beyond a Market Correction, Moves to Make Now

Shares of COKE stock traded down $48.03 during mid-day trading on Friday, reaching $1,145.02. The stock had a trading volume of 123,719 shares, compared to its average volume of 51,122. Coca-Cola Consolidated has a one year low of $837.51 and a one year high of $1,460.92. The firm has a market cap of $9.98 billion, a PE ratio of 16.39 and a beta of 0.89. The firm's 50 day simple moving average is $1,341.73 and its 200 day simple moving average is $1,308.19. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated's stock is going to split before the market opens on Tuesday, May 27th. The 10-1 split was announced on Tuesday, March 4th. The newly created shares will be payable to shareholders after the market closes on Friday, May 23rd.

• Coca-Cola Stock Analysis: Key Insights and Trends

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $15.61 earnings per share for the quarter. The firm had revenue of $1.58 billion for the quarter. Coca-Cola Consolidated had a return on equity of 49.88% and a net margin of 9.18%.

Coca-Cola Consolidated Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be issued a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, April 25th. Coca-Cola Consolidated's dividend payout ratio is currently 15.61%.

Institutional Trading of Coca-Cola Consolidated

Large investors have recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC grew its position in Coca-Cola Consolidated by 3.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 265 shares of the company's stock worth $358,000 after acquiring an additional 9 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Coca-Cola Consolidated by 10.8% during the fourth quarter. Sunbelt Securities Inc. now owns 103 shares of the company's stock worth $128,000 after purchasing an additional 10 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Coca-Cola Consolidated by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 3,973 shares of the company's stock valued at $5,363,000 after buying an additional 10 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Coca-Cola Consolidated by 2.9% in the first quarter. HBK Sorce Advisory LLC now owns 357 shares of the company's stock valued at $481,000 after buying an additional 10 shares during the last quarter. Finally, Monument Capital Management lifted its position in Coca-Cola Consolidated by 0.3% during the 1st quarter. Monument Capital Management now owns 3,955 shares of the company's stock worth $5,339,000 after buying an additional 10 shares in the last quarter. 48.24% of the stock is owned by institutional investors.

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.

Featured Stories

• Five stocks we like better than Coca-Cola Consolidated
• Market Cap Calculator: How to Calculate Market Cap
• Magnificent 7 Stocks Send a Dire Warning to Markets
• Should You Add These Warren Buffett Stocks to Your Portfolio?
• Why Spotify Stock Still Has Room to Run in 2025
• Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
• Buy the Dip: Top Tech Stocks Analysts Say Are Undervalued

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Coca-Cola Consolidated Right Now?

Before you consider Coca-Cola Consolidated, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Consolidated wasn't on the list.

While Coca-Cola Consolidated currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here