Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by Vestcor Inc

Vestcor Inc boosted its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 343.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,760 shares of the company's stock after acquiring an additional 2,137 shares during the period. Vestcor Inc's holdings in Coca-Cola Consolidated were worth $3,633,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at about $37,000. UMB Bank n.a. raised its stake in Coca-Cola Consolidated by 41.9% during 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 in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Coca-Cola Consolidated during the 2nd quarter worth approximately $62,000. Signaturefd LLC lifted its holdings in Coca-Cola Consolidated by 15.3% during the 2nd quarter. Signaturefd LLC now owns 68 shares of the company's stock worth $74,000 after buying an additional 9 shares during the last quarter. Finally, Hollencrest Capital Management grew its position in shares of Coca-Cola Consolidated by 119.0% in the 2nd quarter. Hollencrest Capital Management now owns 92 shares of the company's stock worth $100,000 after acquiring an additional 50 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock traded down $3.61 on Wednesday, hitting $1,271.33. 36,101 shares of the stock traded hands, compared to its average volume of 50,528. The company's fifty day moving average is $1,255.60 and its 200 day moving average is $1,199.94. Coca-Cola Consolidated, Inc. has a 1-year low of $800.76 and a 1-year high of $1,376.84. The company has a market capitalization of $11.14 billion, a PE ratio of 22.13 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 earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share 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 for 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.