Geode Capital Management LLC Acquires 17,408 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Geode Capital Management LLC increased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 124,456 shares of the company's stock after acquiring an additional 17,408 shares during the quarter. Geode Capital Management LLC owned about 1.42% of Coca-Cola Consolidated worth $163,868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Coca-Cola Consolidated by 15.3% in the second quarter. Signaturefd LLC now owns 68 shares of the company's stock valued at $74,000 after purchasing an additional 9 shares during the period. UMB Bank n.a. grew its stake in Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company's stock valued at $58,000 after buying an additional 13 shares in the last quarter. CWM LLC raised its holdings in Coca-Cola Consolidated by 17.4% during the 2nd quarter. CWM LLC now owns 101 shares of the company's stock valued at $110,000 after acquiring an additional 15 shares during the period. Bank of Montreal Can lifted its position in shares of Coca-Cola Consolidated by 1.8% during the second quarter. Bank of Montreal Can now owns 1,028 shares of the company's stock worth $1,120,000 after acquiring an additional 18 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Coca-Cola Consolidated by 39.1% in the third quarter. GAMMA Investing LLC now owns 89 shares of the company's stock worth $117,000 after acquiring an additional 25 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE traded down $3.51 during mid-day trading on Monday, hitting $1,266.23. The company had a trading volume of 29,501 shares, compared to its average volume of 50,196. The stock's 50-day moving average price is $1,255.31 and its 200-day moving average price is $1,205.46. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 22.30 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, Inc. has a 1 year low of $800.76 and a 1 year high of $1,376.84.

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. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%. The business had revenue of $1.77 billion during the quarter.

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.