Martingale Asset Management L P Buys 1,880 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Martingale Asset Management L P lifted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 64.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,777 shares of the company’s stock after acquiring an additional 1,880 shares during the quarter. Martingale Asset Management L P owned approximately 0.05% of Coca-Cola Consolidated worth $6,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in Coca-Cola Consolidated during the third quarter worth approximately $37,000. EverSource Wealth Advisors LLC grew its stake in Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after purchasing an additional 35 shares during the period. UMB Bank n.a. grew its stake in Coca-Cola Consolidated by 41.9% during the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after purchasing an additional 13 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Coca-Cola Consolidated in the second quarter valued at approximately $62,000. Finally, GAMMA Investing LLC grew its stake in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after acquiring an additional 37 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Trading Down 0.6 %

Shares of Coca-Cola Consolidated stock opened at $1,304.29 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. Coca-Cola Consolidated, Inc. has a 52 week low of $720.55 and a 52 week high of $1,376.84. The stock has a 50 day moving average price of $1,257.14 and a two-hundred day moving average price of $1,180.05. The stock has a market capitalization of $11.43 billion, a PE ratio of 22.70 and a beta of 0.85.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data 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 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.