Point72 Asset Management L.P. Invests $582,000 in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Point72 Asset Management L.P. acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 442 shares of the company's stock, valued at approximately $582,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Coca-Cola Consolidated by 15.3% in the second quarter. Signaturefd LLC now owns 68 shares of the company's stock valued at $74,000 after buying an additional 9 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of 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 acquiring an additional 13 shares during the period. Cetera Advisors LLC boosted its position in shares of Coca-Cola Consolidated by 3.4% in the first quarter. Cetera Advisors LLC now owns 420 shares of the company's stock worth $356,000 after acquiring an additional 14 shares during the last quarter. CWM LLC boosted its position in shares of Coca-Cola Consolidated by 17.4% in the second quarter. CWM LLC now owns 101 shares of the company's stock worth $110,000 after acquiring an additional 15 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Coca-Cola Consolidated by 1.8% in the second quarter. Bank of Montreal Can now owns 1,028 shares of the company's stock valued at $1,120,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Trading Up 0.7 %

NASDAQ:COKE traded up $9.38 during trading hours on Thursday, reaching $1,280.71. 21,439 shares of the company were exchanged, compared to its average volume of 50,406. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 22.29 and a beta of 0.88. The stock has a 50 day simple moving average of $1,255.76 and a 200 day simple moving average of $1,200.50. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,376.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 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 during the quarter.

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.