Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stake Increased by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 16.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 93 shares of the company’s stock after acquiring an additional 13 shares during the quarter. Sunbelt Securities Inc.’s holdings in Coca-Cola Consolidated were worth $122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Coca-Cola Consolidated in the 3rd quarter valued at approximately $37,000. UMB Bank n.a. grew its holdings in shares of Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after acquiring an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Coca-Cola Consolidated in the second quarter worth $62,000. 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 worth $74,000 after acquiring an additional 9 shares in the last quarter. Finally, Hollencrest Capital Management boosted its position in Coca-Cola Consolidated by 119.0% during the second quarter. Hollencrest Capital Management now owns 92 shares of the company’s stock valued at $100,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $1,269.74 on Friday. 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, Inc. has a one year low of $800.76 and a one year high of $1,376.84. The business’s 50-day moving average price is $1,255.31 and its two-hundred day moving average price is $1,203.92. The company has a market capitalization of $11.12 billion, a P/E ratio of 22.10 and a beta of 0.88.

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

Coca-Cola Consolidated 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.