Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Position Reduced by Quantbot Technologies LP

Quantbot Technologies LP trimmed its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 17.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,185 shares of the company's stock after selling 466 shares during the period. Quantbot Technologies LP's holdings in Coca-Cola Consolidated were worth $2,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Coca-Cola Consolidated during the third quarter worth about $37,000. EverSource Wealth Advisors LLC increased its holdings in Coca-Cola Consolidated by 102.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company's stock worth $57,000 after purchasing an additional 35 shares during the last quarter. UMB Bank n.a. raised its position in shares of Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company's stock valued at $58,000 after purchasing an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Coca-Cola Consolidated during the 2nd quarter valued at approximately $62,000. Finally, GAMMA Investing LLC grew its position in shares of Coca-Cola Consolidated by 137.0% during the second quarter. GAMMA Investing LLC now owns 64 shares of the company's stock worth $69,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Down 2.4 %

COKE traded down $32.56 during trading on Thursday, hitting $1,312.40. The company had a trading volume of 33,192 shares, compared to its average volume of 51,343. Coca-Cola Consolidated, Inc. has a 1-year low of $716.80 and a 1-year 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. The company has a market cap of $11.50 billion, a PE ratio of 22.84 and a beta of 0.85. The business has a 50-day moving average of $1,255.43 and a 200-day moving average of $1,176.66.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. The business had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

Coca-Cola Consolidated Company 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.