Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Position Increased by Franklin Resources Inc.

Franklin Resources Inc. raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 133.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,480 shares of the company’s stock after purchasing an additional 5,420 shares during the quarter. Franklin Resources Inc. owned approximately 0.11% of Coca-Cola Consolidated worth $12,339,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of COKE. V Square Quantitative Management LLC bought a new stake in shares of Coca-Cola Consolidated in the 3rd quarter valued at approximately $37,000. UMB Bank n.a. lifted its stake in Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after acquiring an additional 13 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Coca-Cola Consolidated in the second quarter worth approximately $62,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth $72,000. Finally, Signaturefd LLC raised its holdings in shares of Coca-Cola Consolidated by 15.3% during the 2nd quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after purchasing an additional 9 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ:COKE opened at $1,202.59 on Friday. The stock has a market capitalization of $10.54 billion, a P/E ratio of 20.93 and a beta of 0.88. The business has a 50-day moving average of $1,251.13 and a two-hundred day moving average of $1,210.99. Coca-Cola Consolidated, Inc. has a fifty-two week low of $800.76 and a fifty-two week high of $1,376.84. 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 issued its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The business had revenue of $1.77 billion for 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.