State Street Corp Raises Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

State Street Corp grew its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 18.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,409 shares of the company's stock after purchasing an additional 26,752 shares during the period. State Street Corp owned approximately 1.97% of Coca-Cola Consolidated worth $226,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC raised its holdings in Coca-Cola Consolidated by 8.7% in the third quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company's stock valued at $7,818,000 after buying an additional 474 shares during the period. International Assets Investment Management LLC raised its stake in shares of 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 acquiring an additional 152,500 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coca-Cola Consolidated by 88.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company's stock valued at $121,689,000 after acquiring an additional 52,491 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Coca-Cola Consolidated by 48.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,382 shares of the company's stock worth $1,819,000 after purchasing an additional 453 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Coca-Cola Consolidated during the 3rd quarter worth $1,022,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Up 0.7 %

NASDAQ:COKE traded up $9.38 during mid-day trading on Thursday, hitting $1,280.71. The company had a trading volume of 21,439 shares, compared to its average volume of 50,406. The business has a fifty day simple moving average of $1,255.76 and a 200-day simple moving average of $1,200.50. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 22.29 and a beta of 0.88. Coca-Cola Consolidated, Inc. has a 1 year low of $800.76 and a 1 year high of $1,376.84. 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 announced its earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. The business had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

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.