Bridgewater Associates LP Sells 4,399 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Bridgewater Associates LP cut its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,334 shares of the company’s stock after selling 4,399 shares during the period. Bridgewater Associates LP owned about 0.11% of Coca-Cola Consolidated worth $12,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Coca-Cola Consolidated during the third quarter valued at approximately $37,000. EverSource Wealth Advisors LLC increased its position in shares of Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after purchasing an additional 35 shares during the period. UMB Bank n.a. increased its position in shares of Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after purchasing an additional 13 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $62,000. Finally, GAMMA Investing LLC increased its position in shares of Coca-Cola Consolidated by 137.0% during the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after purchasing an additional 37 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ:COKE opened at $1,312.40 on Friday. The business’s fifty day moving average price is $1,255.43 and its two-hundred day moving average price is $1,176.66. Coca-Cola Consolidated, Inc. has a fifty-two week low of $716.80 and a fifty-two week high of $1,376.84. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 22.84 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

Coca-Cola Consolidated (NASDAQ:COKE) last announced 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.