National Bank of Canada FI Acquires 1,791 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

National Bank of Canada FI raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 351.9% during the third quarter, Holdings Channel reports. The institutional investor owned 2,300 shares of the company’s stock after buying an additional 1,791 shares during the quarter. National Bank of Canada FI’s holdings in Coca-Cola Consolidated were worth $3,028,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. EP Wealth Advisors LLC purchased a new position in shares of Coca-Cola Consolidated during the third quarter valued at approximately $806,000. Wellington Management Group LLP bought a new position in Coca-Cola Consolidated during the 3rd quarter valued at $3,259,000. State Street Corp boosted its holdings in Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock worth $226,959,000 after acquiring an additional 26,752 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Coca-Cola Consolidated by 7.9% in the 3rd quarter. Stifel Financial Corp now owns 1,534 shares of the company’s stock worth $2,026,000 after acquiring an additional 112 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Coca-Cola Consolidated in the third quarter valued at about $1,022,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Down 0.9 %

Coca-Cola Consolidated stock opened at $1,269.74 on Friday. 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 quick ratio of 2.15 and a current ratio of 2.47. The firm’s 50-day simple moving average is $1,255.31 and its 200 day simple moving average is $1,202.42. The stock has a market cap of $11.12 billion, a PE ratio of 22.10 and a beta of 0.88.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The firm 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.