Franklin Resources Inc. Purchases 5,420 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Franklin Resources Inc. grew its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 133.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 9,480 shares of the company's stock after acquiring an additional 5,420 shares during the quarter. Franklin Resources Inc. owned about 0.11% of Coca-Cola Consolidated worth $12,339,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Millennium Management LLC raised its holdings in shares of Coca-Cola Consolidated by 1,308.6% during the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company's stock worth $187,475,000 after buying an additional 160,521 shares in the last quarter. State Street Corp increased its position in Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company's stock worth $226,959,000 after purchasing an additional 26,752 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock valued at $201,021,000 after purchasing an additional 152,500 shares during the last quarter. Geode Capital Management LLC boosted its position in Coca-Cola Consolidated by 16.3% in the third quarter. Geode Capital Management LLC now owns 124,456 shares of the company's stock valued at $163,868,000 after buying an additional 17,408 shares in the last quarter. Finally, Wallace Capital Management Inc. bought a new stake in Coca-Cola Consolidated during the 2nd quarter worth $90,404,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

COKE traded down $19.08 on Friday, reaching $1,202.59. The stock had a trading volume of 89,501 shares, compared to its average volume of 50,077. The firm has a 50-day moving average of $1,251.13 and a 200-day moving average of $1,212.56. Coca-Cola Consolidated, Inc. has a fifty-two week low of $800.76 and a fifty-two week high of $1,376.84. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 20.93 and a beta of 0.88. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The firm had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated 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.