Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,173 shares of the company's stock after acquiring an additional 1,453 shares during the quarter. JPMorgan Chase & Co. owned 0.22% of Coca-Cola Consolidated worth $25,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC increased its stake in shares of Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company's stock worth $187,475,000 after acquiring an additional 160,521 shares during the last quarter. State Street Corp increased its stake 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 buying an additional 26,752 shares during the period. International Assets Investment Management LLC boosted its holdings in Coca-Cola Consolidated by 74,390.2% in the third 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 period. Geode Capital Management LLC lifted its stake 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 worth $163,868,000 after acquiring an additional 17,408 shares during the last quarter. Finally, Wallace Capital Management Inc. purchased a new stake in Coca-Cola Consolidated during the 2nd quarter worth about $90,404,000. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock traded down $2.62 during midday trading on Wednesday, hitting $1,287.15. 27,914 shares of the company's stock were exchanged, compared to its average volume of 46,303. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 22.40 and a beta of 0.89. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. The firm's 50 day simple moving average is $1,246.11 and its 200 day simple moving average is $1,234.29. Coca-Cola Consolidated, Inc. has a 12-month low of $800.76 and a 12-month high of $1,376.84.

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

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.