Vestcor Inc Boosts Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Vestcor Inc raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 343.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,760 shares of the company’s stock after buying an additional 2,137 shares during the period. Vestcor Inc’s holdings in Coca-Cola Consolidated were worth $3,633,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp purchased a new stake in Coca-Cola Consolidated in the 3rd quarter valued at about $220,000. Barclays PLC increased its stake in Coca-Cola Consolidated by 103.9% in the 3rd quarter. Barclays PLC now owns 4,163 shares of the company’s stock valued at $5,481,000 after buying an additional 2,121 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Coca-Cola Consolidated by 4.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,387 shares of the company’s stock valued at $3,142,000 after buying an additional 94 shares during the last quarter. Dorsey Wright & Associates bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter valued at approximately $1,468,000. Finally, XTX Topco Ltd bought a new position in shares of Coca-Cola Consolidated during the 3rd quarter valued at approximately $544,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Down 0.2 %

Coca-Cola Consolidated stock opened at $1,274.94 on Wednesday. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,376.84. The firm has a 50 day moving average price of $1,256.08 and a 200-day moving average price of $1,199.44. The company has a market capitalization of $11.17 billion, a P/E ratio of 22.19 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) last released 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 firm had revenue of $1.77 billion during the quarter.

About Coca-Cola Consolidated

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.