FMR LLC lessened its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 32.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,487 shares of the company's stock after selling 62,213 shares during the quarter. FMR LLC owned approximately 1.48% of Coca-Cola Consolidated worth $170,457,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Coca-Cola Consolidated in the third quarter worth $37,000. EverSource Wealth Advisors LLC increased its holdings in shares of Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company's stock valued at $57,000 after acquiring an additional 35 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company's stock valued at $58,000 after buying an additional 13 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Coca-Cola Consolidated in the second quarter worth about $62,000. Finally, GAMMA Investing LLC boosted its position in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company's stock worth $69,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 48.24% of the company's stock.
Coca-Cola Consolidated Stock Performance
NASDAQ:COKE traded down $8.90 on Tuesday, hitting $1,300.11. The stock had a trading volume of 11,478 shares, compared to its average volume of 50,942. The stock has a market cap of $11.39 billion, a price-to-earnings ratio of 22.78 and a beta of 0.88. 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 business's 50-day simple moving average is $1,257.04 and its two-hundred day simple moving average is $1,185.91. Coca-Cola Consolidated, Inc. has a 52-week low of $726.58 and a 52-week high of $1,376.84.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) 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 for the quarter.
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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