Walleye Capital LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,622 shares of the company's stock, valued at approximately $2,135,000.
Several other hedge funds have also made changes to their positions in COKE. Millennium Management LLC lifted its position 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 worth $187,475,000 after buying an additional 160,521 shares in the last quarter. International Assets Investment Management LLC lifted its position in Coca-Cola Consolidated by 74,390.2% in the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company's stock worth $201,021,000 after buying an additional 152,500 shares in the last quarter. Wallace Capital Management Inc. purchased a new stake in Coca-Cola Consolidated in the 2nd quarter worth approximately $90,404,000. Vaughan Nelson Investment Management L.P. lifted its position in Coca-Cola Consolidated by 88.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company's stock worth $121,689,000 after buying an additional 52,491 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Coca-Cola Consolidated by 1,271.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 32,067 shares of the company's stock worth $34,793,000 after buying an additional 29,728 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.
Coca-Cola Consolidated Stock Down 1.5 %
Shares of COKE traded down $19.65 during mid-day trading on Wednesday, hitting $1,284.46. 27,463 shares of the company's stock were exchanged, compared to its average volume of 50,911. The firm has a fifty day moving average of $1,257.24 and a two-hundred day moving average of $1,188.49. Coca-Cola Consolidated, Inc. has a twelve month low of $743.01 and a twelve month high of $1,376.84. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 22.70 and a beta of 0.88. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results 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 for the quarter.
Coca-Cola Consolidated Company Profile
(
Free Report)
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.
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