Wellington Management Group LLP Purchases New Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Wellington Management Group LLP acquired a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,476 shares of the company's stock, valued at approximately $3,259,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Coca-Cola Consolidated by 15.3% during the second quarter. Signaturefd LLC now owns 68 shares of the company's stock worth $74,000 after acquiring an additional 9 shares in the last quarter. UMB Bank n.a. raised its position in Coca-Cola Consolidated by 41.9% in the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company's stock worth $58,000 after purchasing an additional 13 shares during the period. Bank of Montreal Can lifted its stake in Coca-Cola Consolidated by 1.8% in the second quarter. Bank of Montreal Can now owns 1,028 shares of the company's stock worth $1,120,000 after purchasing an additional 18 shares during the last quarter. GAMMA Investing LLC boosted its position in Coca-Cola Consolidated by 39.1% during the third quarter. GAMMA Investing LLC now owns 89 shares of the company's stock valued at $117,000 after buying an additional 25 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Coca-Cola Consolidated by 1.8% during the second quarter. Atria Wealth Solutions Inc. now owns 1,489 shares of the company's stock valued at $1,616,000 after buying an additional 26 shares during the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 3.2 %

Shares of NASDAQ COKE traded down $40.30 during midday trading on Wednesday, reaching $1,211.28. The company had a trading volume of 26,284 shares, compared to its average volume of 50,022. The stock has a market cap of $10.61 billion, a PE ratio of 21.08 and a beta of 0.88. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,376.84. The firm's fifty day moving average price is $1,254.95 and its 200-day moving average price is $1,209.36. 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 data on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%. The firm 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.