580 Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Acquired by Petrus Trust Company LTA

Petrus Trust Company LTA acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 580 shares of the company’s stock, valued at approximately $764,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COKE. Millennium Management LLC raised its holdings in Coca-Cola Consolidated by 1,308.6% during the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after buying an additional 160,521 shares during the last quarter. International Assets Investment Management LLC increased its position in Coca-Cola Consolidated by 74,390.2% during the 3rd quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after purchasing an additional 152,500 shares during the period. Wallace Capital Management Inc. purchased a new stake in Coca-Cola Consolidated in the second quarter worth about $90,404,000. Vaughan Nelson Investment Management L.P. lifted its position in Coca-Cola Consolidated by 88.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock valued at $121,689,000 after buying an additional 52,491 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 1,271.0% during the second quarter. Los Angeles Capital Management LLC now owns 32,067 shares of the company’s stock valued at $34,793,000 after purchasing an additional 29,728 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $1,304.11 on Wednesday. The company has a 50 day moving average of $1,257.24 and a 200 day moving average of $1,188.49. Coca-Cola Consolidated, Inc. has a twelve month low of $726.58 and a twelve month high of $1,376.84. The firm has a market cap of $11.43 billion, a P/E ratio of 22.70 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 posted 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 for 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.