The Manufacturers Life Insurance Company Increases Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

The Manufacturers Life Insurance Company lifted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 14.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,971 shares of the company's stock after acquiring an additional 616 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Coca-Cola Consolidated worth $6,544,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of COKE. V Square Quantitative Management LLC purchased a new stake in Coca-Cola Consolidated during the 3rd quarter valued at about $37,000. UMB Bank n.a. boosted its position in Coca-Cola Consolidated by 41.9% in 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 acquired a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $62,000. GAMMA Investing LLC raised its position in Coca-Cola Consolidated by 137.0% during the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company's stock worth $69,000 after buying an additional 37 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Coca-Cola Consolidated by 15.3% during the 2nd quarter. Signaturefd LLC now owns 68 shares of the company's stock valued at $74,000 after acquiring an additional 9 shares during the period. Institutional investors and hedge funds own 48.24% of the company's stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock traded down $26.84 during trading hours on Friday, hitting $1,290.72. The company's stock had a trading volume of 32,546 shares, compared to its average volume of 50,807. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The company has a 50 day moving average of $1,257.64 and a 200 day moving average of $1,190.06. Coca-Cola Consolidated, Inc. has a 12-month low of $789.81 and a 12-month high of $1,376.84. The stock has a market cap of $11.31 billion, a PE ratio of 22.93 and a beta of 0.88.

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%.

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.