Dorsey Wright & Associates bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,115 shares of the company's stock, valued at approximately $1,468,000.
A number of other large investors have also modified their holdings of the stock. XTX Topco Ltd acquired a new stake in Coca-Cola Consolidated during the 3rd quarter valued at approximately $544,000. National Bank of Canada FI grew its stake in Coca-Cola Consolidated by 351.9% during the 3rd quarter. National Bank of Canada FI now owns 2,300 shares of the company's stock valued at $3,028,000 after purchasing an additional 1,791 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter valued at approximately $806,000. Wellington Management Group LLP acquired a new stake in Coca-Cola Consolidated during the 3rd quarter valued at approximately $3,259,000. Finally, State Street Corp grew 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 valued at $226,959,000 after purchasing an additional 26,752 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company's stock.
Coca-Cola Consolidated Stock Performance
NASDAQ:COKE traded down $26.84 during trading hours on Friday, reaching $1,290.72. 32,546 shares of the stock were exchanged, compared to its average volume of 33,043. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The firm has a 50 day simple moving average of $1,257.54 and a 200-day simple moving average of $1,195.31. Coca-Cola Consolidated, Inc. has a 52 week low of $789.81 and a 52 week high of $1,376.84. The stock has a market capitalization of $11.31 billion, a P/E ratio of 22.46 and a beta of 0.88.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. The company 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%.
About Coca-Cola Consolidated
(
Free Report)
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.
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