MetLife Investment Management LLC raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 22.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,050 shares of the company's stock after acquiring an additional 563 shares during the quarter. MetLife Investment Management LLC's holdings in Coca-Cola Consolidated were worth $4,015,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Coca-Cola Consolidated during the 3rd quarter worth approximately $37,000. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 35 shares during the period. UMB Bank n.a. raised its holdings in Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company's stock worth $58,000 after purchasing an additional 13 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Coca-Cola Consolidated during the second quarter worth $62,000. Finally, GAMMA Investing LLC lifted its holdings in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company's stock valued at $69,000 after buying an additional 37 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.
Coca-Cola Consolidated Trading Down 0.4 %
Coca-Cola Consolidated stock traded down $4.90 during trading hours on Tuesday, reaching $1,304.11. 34,327 shares of the company's stock were exchanged, compared to its average volume of 51,048. The firm has a market capitalization of $11.42 billion, a PE 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 firm's 50 day simple moving average is $1,257.04 and its 200 day simple moving average is $1,185.91. Coca-Cola Consolidated, Inc. has a twelve month low of $726.58 and a twelve month high of $1,376.84.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The company had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.
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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