Tidal Investments LLC Buys 1,072 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Tidal Investments LLC raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 214.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,573 shares of the company's stock after purchasing an additional 1,072 shares during the period. Tidal Investments LLC's holdings in Coca-Cola Consolidated were worth $2,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Millennium Management LLC grew its stake in Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company's stock valued at $187,475,000 after buying an additional 160,521 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock valued at $201,021,000 after purchasing an additional 152,500 shares in the last quarter. Wallace Capital Management Inc. bought a new stake in shares of Coca-Cola Consolidated during the 2nd quarter valued at $90,404,000. Los Angeles Capital Management LLC raised its stake in shares of Coca-Cola Consolidated by 1,271.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 32,067 shares of the company's stock valued at $34,793,000 after purchasing an additional 29,728 shares during the period. Finally, State Street Corp lifted its holdings in Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company's stock worth $226,959,000 after purchasing an additional 26,752 shares in the last quarter. Institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Price Performance

COKE stock traded down $14.65 during mid-day trading on Tuesday, reaching $1,251.58. 31,677 shares of the company traded hands, compared to its average volume of 50,120. The company has a fifty day moving average price of $1,255.49 and a 200-day moving average price of $1,207.46. 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 market capitalization of $10.97 billion, a P/E ratio of 21.86 and a beta of 0.88. 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 issued its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The company 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.