Captrust Financial Advisors Lowers Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Captrust Financial Advisors lowered its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501 shares of the company’s stock after selling 50 shares during the period. Captrust Financial Advisors’ holdings in Coca-Cola Consolidated were worth $660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of COKE. Mutual of America Capital Management LLC boosted its position in shares of Coca-Cola Consolidated by 8.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 5,939 shares of the company’s stock worth $7,818,000 after purchasing an additional 474 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after acquiring an additional 152,500 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Coca-Cola Consolidated by 88.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after acquiring an additional 52,491 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Coca-Cola Consolidated by 48.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,382 shares of the company’s stock worth $1,819,000 after acquiring an additional 453 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of Coca-Cola Consolidated by 64.9% during the third quarter. Martingale Asset Management L P now owns 4,777 shares of the company’s stock valued at $6,288,000 after acquiring an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $1,274.94 on Wednesday. Coca-Cola Consolidated, Inc. has a 1 year low of $800.76 and a 1 year high of $1,376.84. The firm’s 50-day moving average is $1,256.08 and its 200 day moving average is $1,199.44. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 22.19 and a beta of 0.88. 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 earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The business had revenue of $1.77 billion during the quarter.

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.