Tidal Investments LLC Boosts Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Tidal Investments LLC lifted its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 214.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,573 shares of the company’s stock after acquiring 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.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Coca-Cola Consolidated during the 3rd quarter valued at about $37,000. UMB Bank n.a. boosted its position in shares of 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 acquiring an additional 13 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Coca-Cola Consolidated during the 2nd quarter worth approximately $62,000. Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola Consolidated in the 3rd quarter worth approximately $72,000. Finally, Signaturefd LLC boosted its holdings in Coca-Cola Consolidated by 15.3% in the 2nd quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after purchasing an additional 9 shares during the period. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 0.3 %

Shares of COKE stock opened at $1,266.23 on Tuesday. The company has a market capitalization of $11.09 billion, a PE ratio of 22.04 and a beta of 0.88. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,376.84. The business’s fifty day moving average is $1,255.49 and its 200 day moving average is $1,207.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results 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 for the quarter.

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.