Coca-Cola Consolidated Stock (NASDAQ: COKE)

Latest news for Coca-Cola Consolidated (NASDAQ:COKE) Stock

Coca-Cola Consolidated

Coca-Cola Consolidated Inc sells nonalcoholic beverage products in the United States. The company purchases concentrate and syrups from other beverage manufacturers under a license, then produces, packages, markets, and distributes the beverages to retailers. The company's primary licensor is Coca-Cola Co., which generally allows it to exclusively market, produce, and distribute Coca-Cola products in specified parts of the U.S.: North Carolina, South Carolina, West Virginia, and parts of Alabama, Georgia, Tennessee, Virginia, Indiana, and Kentucky. The company manages its business in two operating segments. Nonalcoholic Beverages segment which represents the majority of the company's revenues and All Other segments.

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Top 10 stocks with highest gains last week, including Exact Sciences, Alnylam Pharmaceuticals, Resmed, Coca-Cola Consolidated, DexCom, Sprouts Farmers Market, UL Solutions, Labcorp Holdings, C.H. Robinson Worldwide, and DoorDash.

DoorDash And Exact Sciences Are Among Top 10 Large Cap Gainers Last Week (July 28-Aug 3): Are The Others In Your Portfolio?

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Kohl&#39;s will not sponsor the Republican National Convention in Milwaukee after Trump&#39;s recent conviction, but other companies will still sponsor.

Kohl&#39;s Says No To Sponsoring RNC, But What Companies Are Signing On To The Event?

Coca-Cola Consolidated, Inc. - Common Stock

Coca-Cola Consolidated Inc

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) has outperformed the market over the past 10 years by 21.34% on an annualized basis producing an average annual return of 32.55%. Currently, Coca-Cola Consolidated has a market capitalization of $11.08 billion. 
Buying $1000 In COKE: If an investor had bought $1000 of COKE stock 10 years ago, it would be worth $16,450.88 today based on a price of $1264.25 for COKE at the time of writing.
<h3>Coca-Cola Consolidated's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726866016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Coca-Cola Consolidated Stock In The Last 10 Years

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) has outperformed the market over the past 10 years by 21.85% on an annualized basis producing an average annual return of 32.51%. Currently, Coca-Cola Consolidated has a market capitalization of $11.30 billion. 
Buying $100 In COKE: If an investor had bought $100 of COKE stock 10 years ago, it would be worth $1,682.47 today based on a price of $1290.04 for COKE at the time of writing.
<h3>Coca-Cola Consolidated's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726081230_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $1,700 Today

The First Trust Mid Cap Growth AlphaDEX ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fny#NASDAQ">FNY</a>) made its debut on 04/19/2011, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Mid Cap Growth category of the market.
<h2>What Are Smart Beta ETFs?</h2>
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.
There are some investors, though, who think it&#39;s possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results.
<h2>Fund Sponsor &amp; Index</h2>
The fund is managed by First Trust Advisors. FNY has been able to amass assets over $346.61 million, making it one of the average sized ETFs in the Style Box - Mid Cap Growth. FNY seeks to match the performance of the Nasdaq AlphaDEX Mid Cap Growth Index before fees and expenses.
The NASDAQ AlphaDEX Mid Cap Growth Index is an enhanced which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Growth Index.
<h2>Cost &amp; Other Expenses</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Annual operating expenses for FNY are 0.70%, which makes it one of the most expensive products in the space.
The fund has a 12-month trailing dividend yield of 0.08%.
<h2>Sector Exposure and Top Holdings</h2>
It is important to delve into an ETF&#39;s holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
Representing 23.80% of the portfolio, the fund has heaviest allocation to the Industrials sector; Consumer Discretionary and Healthcare round out the top three.
Taking into account individual holdings, Coca-Cola Consolidated Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coke#NASDAQ">COKE</a>) accounts for about 0.86% of the fund&#39;s total assets, followed by Sprouts Farmers Market, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfm#NASDAQ">SFM</a>) and The Ensign Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ensg#NASDAQ">ENSG</a>).
The top 10 holdings account for about 8.31% of total assets under management.
<h2>Performance and Risk</h2>
The ETF has gained about 10.69% and it&#39;s up approximately 16.13% so far this year and in the past one year (as of 09/04/2024), respectively. FNY has traded between $55.49 and $77.95 during this last 52-week period.
The fund has a beta of 1.14 and standard deviation of 22.52% for the trailing three-year period, which makes FNY a medium risk choice in this particular space. With about 226 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
&nbsp;
First Trust Mid Cap Growth AlphaDEX ETF is a reasonable option for investors seeking to outperform the Style Box - Mid Cap Growth segment of the market. However, there are other ETFs in the space which investors could consider.
Vanguard Mid-Cap Growth ETF (ARCA:VOT) tracks CRSP U.S. Mid Cap Growth Index and the iShares Russell Mid-Cap Growth ETF (ARCA:IWP) tracks Russell MidCap Growth Index. Vanguard Mid-Cap Growth ETF has $13.39 billion in assets, iShares Russell Mid-Cap Growth ETF has $14.07 billion. VOT has an expense ratio of 0.07% and IWP charges 0.23%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Mid Cap Growth.
<a href="https://www.zacks.com/stock/news/2331116/is-first-trust-mid-cap-growth-alphadex-etf-fny-a-strong-etf-right-now?cid=CS-BENZ-FT-smart_beta_etf-2331116">To read this article on Zacks.com click here.</a>

Coca-Cola Consolidated's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NYSE">COKE</a>) short percent of float has risen 21.59% since its last report. The company recently reported that it has 56 thousand shares sold short, which is 1.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Coca-Cola Consolidated Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724357722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coca-Cola Consolidated has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Coca-Cola Consolidated's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Coca-Cola Consolidated's peer group average for short interest as a percentage of float is 7.32%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Coca-Cola Consolidated's Recent Short Interest

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) has outperformed the market over the past 5 years by 16.65% on an annualized basis producing an average annual return of 30.96%. Currently, Coca-Cola Consolidated has a market capitalization of $11.11 billion. 
Buying $1000 In COKE: If an investor had bought $1000 of COKE stock 5 years ago, it would be worth $3,865.40 today based on a price of $1267.97 for COKE at the time of writing.
<h3>Coca-Cola Consolidated's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724263230_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $3,900 Today

WIIM

Coca-Cola Consolidated shares are trading higher after the company approved a $1 billion share repurchase program and increased its quarterly dividend from $0.50 to $2.50.

Dividends

Coca-Cola Consolidated Board Approves $1B Share Repurchase Program, Increases Quarterly Dividend From $0.50 To $2.50/Share

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
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<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) stock escalated 26.60% after the company reported better-than-expected&nbsp;Q2&nbsp;financial results and announced an exclusive license <a href="https://www.benzinga.com//node/40085338" target="_blank" rel="noreferrer noopener">agreement with </a><a href="https://www.benzinga.com//node/40085338" target="_blank" rel="noreferrer noopener">TwinStrand Biosciences</a>. Several analysts slashed <a href="https://www.benzinga.com/quote/exas/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecasts on the stock</a>.</li>
<li>Alnylam Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>) shares were up 15.35% after the company reported better-than-expected&nbsp;Q2&nbsp;financial results. Analysts raised their <a href="https://www.benzinga.com/quote/alny/analyst-ratings" target="_blank" rel="noreferrer noopener">respective price targets on the stock</a>.</li>
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<li>Coca-Cola Consolidated, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) shares increased 12.21% after the company reported a <a href="https://www.benzinga.com//node/40081001" target="_blank" rel="noreferrer noopener">year-over-year increase in&nbsp;Q2&nbsp;financial results</a>.</li>
<li>DexCom Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) stock upped 11.18% last week, bouncing back from its 52-week low.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) shares increased 11.87% after the company reported better-than-expected&nbsp;Q2&nbsp;financial results and issued&nbsp;Q3&nbsp;earnings&nbsp;guidance&nbsp;above estimates. Many analysts raised <a href="https://www.benzinga.com//node/40048771" target="_blank" rel="noreferrer noopener">their price target on the company</a>.</li>
<li>UL Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULS#NYSE">ULS</a>) stock grew 11.74% after the company reported<a href="https://www.benzinga.com//node/40063544" target="_blank" rel="noreferrer noopener"> better-than-expected&nbsp;Q2&nbsp;financial results</a>.</li>
<li>Labcorp Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>) stock rose 11.34%&nbsp;after it reported better-than-expected&nbsp;Q2&nbsp;financial results and raised its FY24 revenue&nbsp;guidance&nbsp;above estimates. Several analysts boosted <a href="https://www.benzinga.com//node/40135030" target="_blank" rel="noreferrer noopener">their forecasts on the company</a>.</li>
<li>C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) shares grew 10.98% after the company reported better-than-expected&nbsp;Q2&nbsp;adjusted EPS results. Multiple firms also raised their <a href="https://www.benzinga.com/quote/chrw/analyst-ratings" target="_blank" rel="noreferrer noopener">respective price targets on the stock</a>.</li>
<li>DoorDash Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) stock gained 10.24% after the company reported <a href="https://www.benzinga.com//node/40116158" target="_blank" rel="noreferrer noopener">better-than-expected Q2 revenue</a>. Several analysts raised their price forecasts for the stock.</li>
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Also Read:
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<li><a href="https://www.benzinga.com/news/24/08/40150484/microstrategy-intel-and-moderna-are-among-top-12-large-cap-losers-last-week-july-28-august-3-are-the">MicroStrategy, Intel And Moderna Are Among Top 12 Large Cap Losers Last Week (July 28-August 3): Are The Others In Your Portfolio?</a></li>
</ul>
Photo courtesy: Shutterstock

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) has outperformed the market over the past 5 years by 21.02% on an annualized basis producing an average annual return of 34.14%. Currently, Coca-Cola Consolidated has a market capitalization of $11.16 billion. 
Buying $1000 In COKE: If an investor had bought $1000 of COKE stock 5 years ago, it would be worth $4,546.49 today based on a price of $1274.29 for COKE at the time of writing.
<h3>Coca-Cola Consolidated's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722630620_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Coca-Cola Consolidated Stock In The Last 5 Years

Coca-Cola Consolidated's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NYSE">COKE</a>) short percent of float has fallen 65.89% since its last report. The company recently reported that it has 46 thousand shares sold short, which is 0.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Coca-Cola Consolidated Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722535216_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coca-Cola Consolidated has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Coca-Cola Consolidated's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Coca-Cola Consolidated's peer group average for short interest as a percentage of float is 7.62%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Coca-Cola Consolidated shares are trading higher after the company reported a year-over-year increase in Q2 financial results.

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) reported quarterly earnings of $18.54 per share. This is a 42.4 percent increase over earnings of $13.02 per share from the same period last year. The company reported $1.79 billion in sales this quarter. This is a 3.22 percent increase over sales of $1.74 billion the same period last year.

Earnings

Coca-Cola Consolidated Q2 Adj $18.54 Up From $13.02 YoY, Sales $1.79B Up From $1.74B YoY

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) has outperformed the market over the past 15 years by 9.41% on an annualized basis producing an average annual return of 21.63%. Currently, Coca-Cola Consolidated has a market capitalization of $9.51 billion. 
Buying $1000 In COKE: If an investor had bought $1000 of COKE stock 15 years ago, it would be worth $19,095.43 today based on a price of $1085.50 for COKE at the time of writing.
<h3>Coca-Cola Consolidated's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721665816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $19,000 Today

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) has outperformed the market over the past 10 years by 19.88% on an annualized basis producing an average annual return of 30.85%. Currently, Coca-Cola Consolidated has a market capitalization of $9.34 billion. 
Buying $100 In COKE: If an investor had bought $100 of COKE stock 10 years ago, it would be worth $1,468.76 today based on a price of $1066.32 for COKE at the time of writing.
<h3>Coca-Cola Consolidated's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721079023_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $1,500 Today

Wisconsin-based retailer Kohls Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) recently said it would not sponsor the Milwaukee-hosted Republican National Convention, July 15-18. Other companies will still sponsor the event; the convention comes just days after former President Donald Trump&#8216;s <a href="https://www.benzinga.com/news/24/06/39125408/following-historic-conviction-donald-trump-is-facing-more-criminal-charges-with-no-endgame-in-sight">New York trial sentencing</a>.
Kohl&#8217;s Backs Out: CNBC <a href="https://www.cnbc.com/2024/06/06/kohls-donation-trump-republican-national-convention.html">reported</a> on Thursday that Kohl&#8217;s would not sponsor the event.
"Kohl's is not a political organization nor donor and is not sponsoring nor engaging in any specific RNC events," a spokeswoman told CNBC. "We support the business community through the Metropolitan Milwaukee Association of Commerce.&#8221;
The Metropolitan Milwaukee Association of Commerce (MMAC) disperses some funds to the RNC, according to CNBC.
Historically, corporations have sponsored both the Republican National Convention and the Democratic National Convention as a means of gaining influence. Recently, corporations have been less likely to sponsor the events publicly.
Initial Reactions: Some figures, including attorney and Lincoln Project founder George Conway, applauded the decision, given the former president&#8217;s recent conviction for falsifying business records. Trump faces three other indictments: an election interference case in Georgia, a retention of classified documents case in Washington, D.C., and a Washington, D.C. election interference case relating to Trump&#8217;s actions on Jan. 6, 2021.
&#8220;Good for Kohl's,&#8221; Conway said in a <a href="https://x.com/gtconway3d/status/1798833942075961555">post</a> on X. &#8220;No self-respecting business should support the cultish and mendacious idolation of a depraved sociopath and convicted felon.&#8221;
Others were more critical, <a href="https://x.com/JoeyMannarinoUS/status/1798853598421409806">opining</a> that supporters of Trump should begin a boycott of Kohl&#8217;s similar to those of Bud Light, Planet Fitness and Disney.
Other Sponsors: The Milwaukee-based fintech company Fiserv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) will sponsor both the RNC and the DNC, a spokesperson <a href="https://www.nbcnews.com/politics/2024-election/major-corporations-reluctant-2024-political-conventions-rcna150482">told</a> NBC News in May. AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) said it would provide &#8220;network connectivity.&#8221;
Other corporations will likely sponsor the event, either publicly or privately, as the event date draws nearer.
2020 RNC Sponsors: The 2020 Republican National Convention was held in Charlotte, N.C., and raised more than $38 million, <a href="https://www.charlotteobserver.com/news/politics-government/rnc-2020/article245383635.html">according</a> to the Charlotte Observer.
Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) both donated to the host committee but were not listed as sponsors per the Observer.
Charter Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) was listed as a sponsor of the event along with Coca-Cola Consolidated Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) and Dominion Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>), among others.
The decision to sponsor or not sponsor the event drew commentary similar to the reaction to Kohl&#8217;s in 2024.
KSS Price Action: Investors did not react much to Kohl&#8217;s decision. The stock was up 1.65% at $22.83 Friday afternoon.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/05/39084889/kohls-q1-earnings-revenue-and-profit-miss-outlook-cut-stock-tumbles">Kohl&#8217;s Q1 Earnings: Revenue And Profit Miss, Outlook Cut, Stock Tumbles</a>
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Kohl's Says No To Sponsoring RNC, But What Companies Are Signing On To The Event?

Coca-Cola Consolidated's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NYSE">COKE</a>) short percent of float has risen 28.44% since its last report. The company recently reported that it has 159 thousand shares sold short, which is 2.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Coca-Cola Consolidated Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717446617_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coca-Cola Consolidated has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Coca-Cola Consolidated's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Coca-Cola Consolidated's peer group average for short interest as a percentage of float is 6.52%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Coca-Cola Consolidated's Recent Short Interest

Coca-Cola Consolidated, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) (the "Company") announced today that it has commenced a modified "Dutch auction" tender offer to purchase shares of its Common Stock for an aggregate purchase price of up to $2.0 billion. &nbsp;
Pursuant to the tender offer, stockholders may tender all or a portion of their shares (1) at a price specified by the tendering stockholder of not less than $850 and not more than $925 per share or (2) without specifying a purchase price, in which case their shares will be purchased at the purchase price determined in accordance with the tender offer. When the tender offer expires, the Company will determine the lowest price within the range of prices specified above (the "purchase price") enabling the Company to purchase up to $2.0 billion in the aggregate of its common stock. Stockholders will receive the purchase price in cash, subject to applicable withholding and without interest, for shares tendered at prices equal to or less than the purchase price, subject to the conditions of the tender offer, including the provisions relating to proration, "odd lot" priority and conditional tenders in the event that the aggregate cost to purchase all of the shares validly tendered and not validly withdrawn at or below the purchase price exceeds $2.0 billion. These provisions are described in the Offer to Purchase and in the Letter of Transmittal relating to the tender offer that will be distributed to stockholders. All shares purchased by the Company will be purchased at the same price. All shares tendered at prices higher than the purchase price will be promptly returned to stockholders.

Buybacks

Coca-Cola Consolidated Commences Tender Offer To Purchase Up To $2B In Value If Its Common Stock; Not Less Than $850 And Not More Than $925 Per Share

Shares of Beyond, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYON#NYSE">BYON</a>) fell sharply during Tuesday&#8217;s session following weaker-than-expected <a href="https://www.benzinga.com/quote/BYON">quarterly results</a>.
Beyond posted adjusted loss of $1.22 per share, versus estimates for a loss of 87 cents per share. The company&#8217;s sales came in at $382.281 million versus estimates of $389.264 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Beyond shares dipped 20.8% to $17.34 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Golden Sun Health Technology Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSUN#NASDAQ">GSUN</a>) shares gained 94.7% to $5.60. Golden Sun Health Technology Group regained compliance with Nasdaq continued listing requirement.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) gained 79.1% to $4.1189.</li>
<li>Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) shares climbed 50.5% to $0.2572 after the company posted a narrower-than-expected quarterly loss.</li>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLDD#NASDAQ">GLDD</a>) rose 31.5% to $9.26 following better-than-expected first-quarter financial results.</li>
<li>American Strategic Investment Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYC#NYSE">NYC</a>) jumped 29.6% to $7.52.</li>
<li>Motorsport Games Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) gained 29.2% to $2.9493. Motorsport Games is expected to report its financial results for the first quarter of 2024 on Tuesday, May 7.</li>
<li>FibroGen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) surged 28.7% to $1.4899 after the company reported mixed first quarter financial results.</li>
<li>Bioventus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BVS#NASDAQ">BVS</a>) rose 26.7% to $5.07 after the company reported better-than-expected first-quarter financial results and raised its FY24 guidance above estimates.</li>
<li>reAlpha Tech Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) gained 25.1% to $1.0699 after the company announced the completion of its previously announced acquisition of Naamche.</li>
<li>Dave Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NYSE">DAVE</a>) gained 25% to $58.20 after the company reported better-than-expected first-quarter financial results and issued FY24 operating revenue.</li>
<li>Clearmind Medicine Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMND#NASDAQ">CMND</a>) surged 24.8% to $1.46 after the company signed an exclusive patent licensing agreement with Yissum Research Development Company.</li>
<li>Thoughtworks Holding, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWKS#NASDAQ">TWKS</a>) jumped 22% to $3.0750 after the company issued strong guidance.</li>
<li>The Real Brokerage Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAX#NASDAQ">REAX</a>) gained 21.5% to $5.07 following strong quarterly sales.</li>
<li>Global Self Storage, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SELF#NASDAQ">SELF</a>) rose 21.2% to $5.05.</li>
<li>Zeta Global Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NASDAQ">ZETA</a>) rose 21% to $15.72 after the company reported better-than-expected first-quarter financial results and increased its second-quarter revenue guidance.</li>
<li>Jumia Technologies AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NASDAQ">JMIA</a>) climbed 19.3% to $6.53 after the company reported a year-over-year increase in first-quarter revenue results.</li>
<li>Bandwidth Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAND#NASDAQ">BAND</a>) gained 19.2% to $24.45 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) climbed 18.4% to $5.58 following upbeat quarterly results.</li>
<li>Jumia Technologies AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NASDAQ">JMIA</a>) gained 18.3% to $6.47 after the company reported a year-over-year increase in first-quarter revenue results.</li>
<li>Ambac Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) shares rose 16.5% to $17.64 following better-than-expected first-quarter earnings.</li>
<li>FibroGen, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) gained 15.5% to $1.34 after the company reported mixed first-quarter financial results.</li>
<li>Sterling Infrastructure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) rose 15.1% to $121.27 after the company reported better-than-expected first-quarter financial results.</li>
<li>Coca-Cola Consolidated, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) jumped 14.5% to $981.96 following first-quarter results.</li>
<li>Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) gained 14% to $215.29 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance above estimates.</li>
<li>J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>) gained 13.5% to $156.51 following better-than-expected quarterly results.</li>
<li>Artivion, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AORT#NYSE">AORT</a>) gained 13.4% to $23.90 following strong quarterly results.</li>
<li>EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) gained 12.7% to $24.09 after the company reported better-than-expected first quarter financial results and issued second quarter revenue guidance above estimates.</li>
<li>Air Transport Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) rose 12.7% to $14.94 following upbeat earnings.</li>
<li>Surgery Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) gained 9.3% to $27.98 following upbeat earnings.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) climbed 8.6% to $137.52 following first quarter financial results.</li>
<li>Symbotic Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NYSE">SYM</a>) shares rose 8.1% to $45.33 after the company reported mixed second-quarter financial results.</li>
<li>UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) shares gained 8% to $29.81 after the company posted better-than-expected results for its first quarter.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares gained 6.9% to $12.45 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Holdco Nuvo Group D.G Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVO#NASDAQ">NUVO</a>) fell 39.2% to $3.1999 after jumping 157% on Monday.</li>
<li>The Real Good Food Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGF#NASDAQ">RGF</a>) dipped 32.6% to $0.5312.</li>
<li>Neuronetics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STIM#NASDAQ">STIM</a>) fell 32.5% to $2.5281 following quarterly results.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) shares fell 27.4% to $0.1048 after the company announced an offering of 432.5 million shares by selling stockholders.</li>
<li>Strong Global Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGE#NYSE">SGE</a>) fell 27.4% to $1.9201. Fundamental Global announced acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 million valuation.</li>
<li>GreenPower Motor Company Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GP#NASDAQ">GP</a>) shares declined 25.6% to $1.35 after the company reported pricing of $2.3 million underwritten public offering.</li>
<li>JELD-WEN Holding, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JELD#NYSE">JELD</a>) fell 23.5% to $14.56 as the company posted downbeat quarterly sales and lowered 2024 revenue guidance.</li>
<li>Oriental Culture Holding LTD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCG#NASDAQ">OCG</a>) dipped 22.6% to $1.2001.</li>
<li>BT Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBD#NASDAQ">BTBD</a>) fell 21.4% to $1.25.</li>
<li>Plutonian Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTN#NASDAQ">PLTN</a>) shares fell 19.3% to $11.41 after surging 57% on Monday.</li>
<li>Talkspace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TALK#NASDAQ">TALK</a>) fell 18.3% to $2.60 following first-quarter results.</li>
<li>Helius Medical Technologies, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) shares declined 16.2% to $2.03 after the company announced pricing of $6.4 million public offering.</li>
<li>Paymentus Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) fell 15.5% to $18.76 following first-quarter results.</li>
<li>Myers Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYE#NYSE">MYE</a>) declined 15.5% to $19.43 following first-quarter results.</li>
<li>Builders FirstSource, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>) dipped 15.4% to $170.00 following first-quarter earnings.</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) fell 14.3% to $21.56 following soft revenue guidance.</li>
<li>AudioCodes Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUDC#NASDAQ">AUDC</a>) shares fell 13% to $9.89 after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/AUDC/earnings">first-quarter financial results</a></li>
<li>First Watch Restaurant Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>) dipped 12.6% to $21.96 following weak quarterly sales.</li>
<li>Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) dipped 11.4% to $33.63 after the company reported mixed first-quarter financial results and issued second-quarter guidance.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares fell 11.2% to $2.71 after the company reported mixed first-quarter financial results.</li>
<li>The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) dipped 9.6% to $105.28 following a second-quarter revenue miss.</li>
<li>Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) fell 9.4% to $11.37. Methode Electronics named Kevin Nystrom as interim CEO, effective immediately.</li>
<li>Datadog, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) fell 8.9% to $115.57 following first-quarter results.</li>
<li>Air Lease Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AL#NYSE">AL</a>) dipped 7.8% to $47.49 following weak quarterly sales.</li>
<li>Perrigo Company plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRGO#NYSE">PRGO</a>) fell 6.3% to $31.32 following weak quarterly sales.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38670858/dow-surges-over-50-points-disney-earnings-top-views">Dow Surges Over 50 Points; Disney Earnings Top Views</a>

Intraday Update

ADTN

AGRI

AIRE

AMBC

AORT

ATSG

AUDC

BAND

BLDR

BTBD

BYON

CMND

CROX

DAVE

DDOG

EVER

FGEN

FWRG

GLDD

GSUN

Hims & Hers Health, Inc. Class A Common Stock

HIMS

HSDT

JELD

JJSF

JMIA

LCID

MSGM

NUVO

NUWE

PLTN

PLTR

PRGO

REAX

SELF

SGRY

STIM

STRL

TALK

TWKS

ZETA

Why Beyond Shares Are Trading Lower By Over 20%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Coca-Cola Consolidated shares are trading higher following Q1 financial results.

U.S. stocks were higher, with the Dow Jones gaining over 80 points on Tuesday.
Shares of Tempur Sealy International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPX#NYSE">TPX</a>) rose sharply during Tuesday's session <a href="https://www.benzinga.com/quote/TPX/earnings">following upbeat quarterly earnings</a>.
Tempur Sealy reported a first-quarter FY24 sales decline of 1.5% year-on-year to $1.189 billion, missing the analyst consensus estimate of $1.213 billion. Adjusted EPS of 50 cents beat the analyst consensus of 48 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Tempur Sealy International shares gained 6.6% to $53.48 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLDD#NASDAQ">GLDD</a>) shares jumped 31.5% to $9.26 following better-than-expected first-quarter financial results.</li>
<li>Dave Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NYSE">DAVE</a>) rose 25% to $58.20 after the company reported better-than-expected first-quarter financial results and issued FY24 operating revenue.</li>
<li>Thoughtworks Holding, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWKS#NASDAQ">TWKS</a>) climbed 22% to $3.0750 after the company issued strong guidance.</li>
<li>The Real Brokerage Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAX#NASDAQ">REAX</a>) rose 21.5% to $5.07 following strong quarterly sales.</li>
<li>Zeta Global Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NASDAQ">ZETA</a>) shares surged 21% to $15.72 after the company reported better-than-expected first-quarter financial results and increased its second-quarter revenue guidance.</li>
<li>Bandwidth Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAND#NASDAQ">BAND</a>) rose 19.2% to $24.45 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) rose 18.4% to $5.58 following upbeat quarterly results.</li>
<li>Jumia Technologies AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NASDAQ">JMIA</a>) climbed 18.3% to $6.47 after the company reported a year-over-year increase in first-quarter revenue results.</li>
<li>Ambac Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) shares rose 16.5% to $17.64 following better-than-expected first-quarter earnings.</li>
<li>FibroGen, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) climbed 15.5% to $1.34 after the company reported mixed first-quarter financial results.</li>
<li>Sterling Infrastructure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) gained 15.1% to $121.27 after the company reported better-than-expected first-quarter financial results.</li>
<li>Coca-Cola Consolidated, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) rose 14.5% to $981.96 following first-quarter results.</li>
<li>Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) jumped 14% to $215.29 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance above estimates.</li>
<li>J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>) rose 13.5% to $156.51 following better-than-expected quarterly results.</li>
<li>Artivion, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AORT#NYSE">AORT</a>) rose 13.4% to $23.90 following strong quarterly results.</li>
<li>EverQuote, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVER#NASDAQ">EVER</a>) surged 12.7% to $24.09 after the company reported better-than-expected first quarter financial results and issued second quarter revenue guidance above estimates.</li>
<li>Air Transport Services Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) jumped 12.7% to $14.94 following upbeat earnings.</li>
<li>Surgery Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) rose 9.3% to $27.98 following upbeat earnings.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) climbed 9.3% to $8.54.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) rose 8.6% to $137.52 following first quarter financial results.</li>
<li>Symbotic Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NYSE">SYM</a>) shares gained 8.1% to $45.33 after the company reported mixed second-quarter financial results.</li>
<li>Mueller Water Products, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>) rose 8.3% to $17.92 after the company reported better-than-expected seconc-quarter financial results and announced that Marietta Edmunds Zakas has been appointed Chief Executive Officer.</li>
<li>UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) shares rose 8% to $29.81 after the company posted better-than-expected results for its first quarter.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) gained 7% to $4.7550. Citigroup analyst Yigal Nochomovitz initiated coverage on Summit Therapeutics with a Buy rating and announced a price target of $7.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares rose 6.9% to $12.45 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Otter Tail Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) jumped 5.9% to $96.00 following first-quarter earnings.</li>
<li>Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) gained 5.3% to $74.17 as the company reported better-than-expected first-quarter financial results and announced a $500 million increase to 2024 share repurchase goal.</li>
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Tempur Sealy Posts Upbeat Earnings, Joins FibroGen, Coca-Cola Consolidated, Fabrinet And Other Big Stocks Moving Higher On Tuesday

The beverage industry is poised for robust growth due to consistent demand, innovations, shifting consumer preferences, evolving product offerings, and expansion into new regions. Hence, investors looking for steady returns could consider buying fundamentally strong beverage stocks such as Primo Water (PRMW), Coca-Cola (COKE), and Ambev (ABEV). Read on... This year, the beverage industry is primed for strong growth due to new and innovative flavors, eco-friendly practices, impactful technology in manufacturing and advertising, and health-focused options. These trends enhance customer experiences, boost loyalty, and create investment opportunities, leading to strong growth.
Considering these factors, investors could consider buying fundamentally strong beverage stocks such as Primo Water Corporation (<a href="https://stocknews.com/stock/PRMW/">PRMW</a>), Coca-Cola Consolidated, Inc. (<a href="https://stocknews.com/stock/COKE/">COKE</a>), and Ambev S.A. (<a href="https://stocknews.com/stock/ABEV/">ABEV</a>) for steady returns.
The beverage industry is booming thanks to consumers prioritizing health, and choosing nutrient-fortified and functional water. Bottled water's popularity as a healthier option and innovative water products drives growth and brand success through ongoing innovation and adaptation. As a result, the global beverages market is expected to hit $4.39 trillion by 2028, growing at a <a href="https://www.mordorintelligence.com/industry-reports/beverages-market">4.3% CAGR</a>.
Statista expects the beverage market to hit $248.70 billion in 2024. It's projected to grow <a href="https://www.statista.com/outlook/emo/beverages/worldwide">20.5% annually</a>, reaching $524.20 billion by 2028. Moreover, this summer, the industry is primed for expansion with trends like tequila gaining popularity, low-alcohol options, and flat spiked drinks. This growth is driven by consumers wanting varied flavors, healthier options, and creative packaging.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/beverages/">Beverages</a> picks, beginning with the third choice.
Stock #3: Primo Water Corporation (<a href="https://stocknews.com/stock/PRMW/">PRMW</a>)
PRMW provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring and mineral water, sparkling and flavored essence water, filtration units, and coffee.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, PRMW's 70.09% is 107.6% higher than the 33.76% industry average. Similarly, its trailing-12-month net income margin and levered FCF margin of 13.90% and 7.77% are 21% and 27.5% higher than the industry averages of 11.48% and 6.10%, respectively.
During the first quarter ended March 30, 2024, PRMW's net revenue stood at $452 million, up 9.6% year-over-year. Its adjusted EBITDA grew 24.2% over the prior-year quarter to $93.90 million. In addition, its adjusted net income and EPS increased 172.3% and 171.4% from the year-ago quarter to $30.50 million and $0.19, respectively.
For the quarter ending June 30, 2024, PRMW's revenue and EPS are expected to increase 104% and 54.4% year-over-year to $1.27 billion and $0.42, respectively. It surpassed the revenue estimates in three of the trailing four quarters. Over the past year, the stock has gained 55.9% to close the last trading session at $15.79.
PRMW's positive outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth, Sentiment, and Quality. It is ranked #10 out of 33 stocks in the B-rated <a href="https://stocknews.com/category/beverages/">Beverages</a> industry. To see PRMW's Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/PRMW/">click here</a>.
Stock #2: Coca-Cola Consolidated, Inc. (<a href="https://stocknews.com/stock/COKE/">COKE</a>)
COKE and its subsidiaries manufacture, market, and distribute non-alcoholic 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.
In terms of the trailing-12-month gross profit margin, COKE's 39.20% is 10.8% higher than the 35.38% industry average. Likewise, its 15.24% trailing-12-month EBITDA margin is 16.1% higher than the 13.13% industry average. Its 32.16% trailing-12-month Return on Common Equity is 186.3% higher than the 11.23% industry average.
In the first quarter which ended March 29, 2024, COKE reported non-GAAP net operating revenues of $11.23 billion, a 2.5% year-over-year increase. The company's non-GAAP operating income grew 4.4% from the year-ago value to $3.64 billion.
In addition, the company's non-GAAP net income was $3.12 million, an increase of 6.1% from the previous year's period. Its non-GAAP net income per share grew 5.9% year-over-year to $0.72.
Over the past nine months, COKE's stock has gained 64.1% to close the last trading session at $1,053.44.
COKE's POWR Ratings reflect solid prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #7 in the same industry. It has a B grade for Quality. To see COKE's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/COKE/">click here</a>.
Stock #1: Ambev S.A. (<a href="https://stocknews.com/stock/ABEV/">ABEV</a>)
Headquartered in São Paulo, Brazil, ABEV produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products.
In terms of the trailing-12-month Capex / Sales, ABEV's 7.38% is 123.61% higher than the 3.30% industry average. Likewise, its 23.69% trailing-12-month EBIT margin is 153.2% higher than the 9.36% industry average. Furthermore, its 29.24% trailing-12-month EBITDA margin is 122.8% higher than the 13.13% industry average.
For the fiscal first quarter that ended March 31, 2024, ABEV's net revenue stood at R$20.28 billion ($3.74 billion). The company's gross profit amounted to R$10.22 billion ($1.89 billion). Its normalized operating profit came to R$4.90 billion ($904.32 million). For the same period, its normalized profit came in at R$3.82 billion ($705 million) and R$0.23 per share.
Street expects ABEV's EPS for the quarter ending June 30, 2024, to increase 7.4% year-over-year to $0.04. Its revenue for the quarter ending December 31, 2024, to increase 8.2% year-over-year to $4.35 billion, respectively. Over the past month, ABEV's stock has declined 8.3% to close the last trading session at $2.10.
ABEV's favorable outlook is reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Stability and Quality. It is ranked #4 in the Beverages industry. Beyond what we have stated above, we have also rated ABEV for Growth, Value, Momentum, and Sentiment. Get all the ratings of ABEV <a href="https://stocknews.com/stock/ABEV/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ABEV shares were trading at $2.09 per share on Wednesday afternoon, down $0.01 (-0.48%). Year-to-date, ABEV has declined -25.36%, versus a 15.30% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/abev-coke-prmw-3-beverage-stocks-to-buy-for-steady-returns/>3 Beverage Stocks to Buy for Steady Returns</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Beverage Stocks to Buy for Steady Returns

Coca-Cola Bottling Co Consolidated (COKE) has provided an announcement. Coca-Cola Consolidated, Inc. completed a significant stock purchase on July...

Coca-Cola Consolidated Makes Major Stock Acquisition

Artisan Developing World Fund Q2 2024 Commentary

The beverage industry benefits from changing consumer preferences, increasingly encouraging innovations, and evolving product offerings, thereby driving robust growth. Hence, investors could consider buying fundamentally strong beverage stocks such as Primo Water (PRMW), Coca-Cola (COKE), and Ambev (ABEV). Read on... Consumer preferences have shifted towards health-focused, low/no-alcohol, and zero-sugar beverages, along with functional drinks and premiumization. This trend has spurred innovation and growth in the beverage industry by encouraging brands to develop healthier, personalized, and high-quality products, aligning with modern health and lifestyle demands.
Considering these factors, investors could consider buying fundamentally strong beverage stocks such as Primo Water Corporation (<a href="https://stocknews.com/stock/PRMW/">PRMW</a>), Coca-Cola Consolidated, Inc. (<a href="https://stocknews.com/stock/COKE/">COKE</a>), and Ambev S.A. (<a href="https://stocknews.com/stock/ABEV/">ABEV</a>) for steady returns.
The beverage industry benefits from new flavors, eco-friendly practices, advanced technology, and health-focused options, which improve customer experiences, boost loyalty, and create investment opportunities. In addition, the popularity of bottled water and innovative products drives further sector growth. The global beverages market is projected to reach <a href="https://www.mordorintelligence.com/industry-reports/beverages-market">$4.39 trillion by 2028</a>, growing at a 4.3% CAGR.
This summer, consumer preferences for tequila, low-alcohol, and flat spiked drinks, along with varied flavors, healthier options, and creative packaging, have driven growth in the beer and beverage industry, leading to expansion and innovation. Furthermore, Statista predicts the beverage market will reach <a href="https://www.statista.com/outlook/emo/beverages/worldwide">$248.70 billion in 2024</a>.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/beverages/">Beverages</a> picks, beginning with the third choice.
Stock #3: Primo Water Corporation (<a href="https://stocknews.com/stock/PRMW/">PRMW</a>)
PRMW provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring and mineral water, sparkling and flavored essence water, filtration units, and coffee.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, PRMW's 20.59% is 64.4% higher than the 12.52% industry average. Similarly, its trailing-12-month net income margin and levered FCF margin of 14.21% and 9.36% are 199.2% and 68.6% higher than the industry averages of 4.75% and 5.55%, respectively.
In the first quarter ended March 30, 2024, PRMW's net revenue stood at $452 million, up 9.6% year-over-year. Its adjusted EBITDA grew 24.2% over the prior-year quarter to $93.90 million. In addition, its adjusted net income and EPS increased 172.3% and 171.4% from the year-ago quarter to $30.50 million and $0.19, respectively.
For the quarter ended June 30, 2024, PRMW's EPS is expected to increase marginally year-over-year to $0.24. Its revenue for the quarter ending December 31, 2024, is expected to increase 5% year-over-year to $460.77 million. Over the past year, the stock has gained 64.8% to close the last trading session at $21.18.
PRMW's positive outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth and Quality. It is ranked #11 out of 33 stocks in the B-rated <a href="https://stocknews.com/category/beverages/">Beverages</a> industry. To see PRMW's Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/PRMW/">click here</a>.
Stock #2: Coca-Cola Consolidated, Inc. (<a href="https://stocknews.com/stock/COKE/">COKE</a>)
COKE and its subsidiaries manufacture, market, and distribute non-alcoholic 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.
In terms of the trailing-12-month gross profit margin, COKE's 39.20% is 11.4% higher than the 35.18% industry average. Likewise, its 15.24% trailing-12-month EBITDA margin is 21.7% higher than the 12.52% industry average. Its 32.16% trailing-12-month Return on Common Equity is 188.8% higher than the 11.14% industry average.
During the first quarter which ended March 29, 2024, COKE reported non-GAAP net operating revenues of $11.23 billion, a 2.5% year-over-year increase. The company's non-GAAP operating income grew 4.4% from the year-ago value to $3.64 billion.
In addition, the company's non-GAAP net income was $3.12 million, an increase of 6.1% from the previous year's period. Its non-GAAP net income per share grew 5.9% year-over-year to $0.72.
Over the past year, COKE's stock has gained 77.8% to close the last trading session at $1,080.52.
COKE's POWR Ratings reflect solid prospects. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #7 in the same industry. It has a B grade for Quality. To see COKE's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/COKE/">click here</a>.
Stock #1: Ambev S.A. (<a href="https://stocknews.com/stock/ABEV/">ABEV</a>)
Headquartered in São Paulo, Brazil, ABEV produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products.
In terms of the trailing-12-month Capex / Sales, ABEV's 7.38% is 124.9% higher than the 3.28% industry average. Likewise, its 23.69% trailing-12-month EBIT margin is 163.4% higher than the 9% industry average. Furthermore, its 29.24% trailing-12-month EBITDA margin is 133.5% higher than the 12.52% industry average.
ABEV's net revenue for the fiscal first quarter that ended March 31, 2024, stood at R$20.28 billion ($3.74 billion). The company's gross profit amounted to R$10.22 billion ($1.88 billion). Its normalized operating profit came to R$4.90 billion ($903.13 million). For the same period, its normalized profit came in at R$3.82 billion ($704.08 million) and R$0.23 per share.
Street expects ABEV's EPS for the quarter ending December 31, 2024, to increase 2.2% year-over-year to $0.06. Its revenue for the same quarter is expected to rise 8.5% year-over-year to $4.36 billion. Over the past month, ABEV's stock has gained marginally to close the last trading session at $2.14.
ABEV's favorable outlook is reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Stability and Quality. It is ranked #4 in the Beverages industry. Beyond what we have stated above, we have also rated ABEV for Growth, Value, Momentum, and Sentiment. Get all the ratings of ABEV <a href="https://stocknews.com/stock/ABEV/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
ABEV shares were trading at $2.16 per share on Friday afternoon, up $0.02 (+0.93%). Year-to-date, ABEV has declined -22.86%, versus a 19.25% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/abev-coke-prmw-3-beverage-stocks-benefiting-from-consumer-preferences/>3 Beverage Stocks Benefiting from Consumer Preferences</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Beverage Stocks Benefiting from Consumer Preferences

Coca-Cola Consolidated declares $0.50 dividend

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Coca-Cola Consolidated: I'm Exiting The Investment

Coca-Cola Consolidated raises dividend to $2.50, adds $1B to buyback

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Press Releases

Coca-Cola Consolidated, Inc. Announces Second Quarter Dividend

Coca-Cola Consolidated, Inc. To Release First Quarter 2024 Results

Coca-Cola Consolidated Reports First Quarter 2024 Results and Announces the Intention to Repurchase Up to $3.1 Billion of its Common Stock

Coca-Cola Consolidated Announces Commencement of Tender Offer to Purchase up to $2.0 Billion in Value of its Common Stock

Coca-Cola Consolidated Announces Preliminary Results of Tender Offer

Coca-Cola Consolidated Announces Final Results of Tender Offer

Coca-Cola Consolidated, Inc. Announces Third Quarter Dividend

Coca-Cola Consolidated, Inc. To Release Second Quarter and First Half 2024 Results

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