Walleye Capital LLC Purchases New Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Walleye Capital LLC acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,622 shares of the company’s stock, valued at approximately $2,135,000.

Several other institutional investors and hedge funds have also bought and sold shares of COKE. Signaturefd LLC raised its holdings in shares of Coca-Cola Consolidated by 15.3% during the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after acquiring an additional 9 shares in the last quarter. UMB Bank n.a. lifted its position in shares of 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. Cetera Advisors LLC boosted its stake in shares of Coca-Cola Consolidated by 3.4% during the 1st quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock valued at $356,000 after purchasing an additional 14 shares in the last quarter. CWM LLC increased its position in shares of Coca-Cola Consolidated by 17.4% during the second quarter. CWM LLC now owns 101 shares of the company’s stock valued at $110,000 after buying an additional 15 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Coca-Cola Consolidated by 1.8% during the second quarter. Bank of Montreal Can now owns 1,028 shares of the company’s stock valued at $1,120,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of COKE opened at $1,304.11 on Wednesday. The company has a 50-day simple moving average of $1,257.24 and a two-hundred day simple moving average of $1,188.49. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm has a market capitalization of $11.42 billion, a PE ratio of 22.70 and a beta of 0.88. Coca-Cola Consolidated, Inc. has a one year low of $726.58 and a one year high of $1,376.84.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. The company had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

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.