Martingale Asset Management L P increased its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 64.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,777 shares of the company's stock after purchasing an additional 1,880 shares during the quarter. Martingale Asset Management L P owned approximately 0.05% of Coca-Cola Consolidated worth $6,288,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. California State Teachers Retirement System boosted its stake in Coca-Cola Consolidated by 2.1% in the 1st quarter. California State Teachers Retirement System now owns 5,381 shares of the company's stock worth $4,555,000 after purchasing an additional 111 shares in the last quarter. Tidal Investments LLC increased its holdings in Coca-Cola Consolidated by 24.0% in the 1st quarter. Tidal Investments LLC now owns 740 shares of the company's stock worth $626,000 after buying an additional 143 shares during the period. Cetera Advisors LLC increased its holdings in Coca-Cola Consolidated by 3.4% in the 1st quarter. Cetera Advisors LLC now owns 420 shares of the company's stock worth $356,000 after buying an additional 14 shares during the period. Boston Partners purchased a new position in Coca-Cola Consolidated during the 1st quarter worth approximately $8,630,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Coca-Cola Consolidated by 102.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company's stock valued at $57,000 after acquiring an additional 35 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 $8.11 during midday trading on Friday, reaching $1,304.29. The company's stock had a trading volume of 16,404 shares, compared to its average volume of 51,192. 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 stock has a fifty day moving average of $1,257.14 and a 200 day moving average of $1,180.05. Coca-Cola Consolidated, Inc. has a twelve month low of $720.55 and a twelve month high of $1,376.84. The firm has a market capitalization of $11.43 billion, a PE ratio of 22.70 and a beta of 0.85.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share 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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