Wellington Management Group LLP Acquires Shares of 2,476 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Wellington Management Group LLP bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,476 shares of the company’s stock, valued at approximately $3,259,000.

A number of other large investors have also recently made changes to their positions in the stock. Millennium Management LLC lifted its holdings in Coca-Cola Consolidated by 1,308.6% during the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after buying an additional 160,521 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Coca-Cola Consolidated by 74,390.2% during 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 during the period. Wallace Capital Management Inc. bought a new stake in shares of Coca-Cola Consolidated during the second quarter valued at approximately $90,404,000. Los Angeles Capital Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 1,271.0% in the second quarter. Los Angeles Capital Management LLC now owns 32,067 shares of the company’s stock valued at $34,793,000 after purchasing an additional 29,728 shares during the period. Finally, State Street Corp grew its stake in Coca-Cola Consolidated by 18.4% in the third quarter. State Street Corp now owns 172,409 shares of the company’s stock worth $226,959,000 after purchasing an additional 26,752 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 1.2 %

Shares of NASDAQ COKE opened at $1,251.58 on Wednesday. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,376.84. The firm has a market cap of $10.97 billion, a PE ratio of 21.86 and a beta of 0.88. The business has a fifty day simple moving average of $1,255.49 and a two-hundred day simple moving average of $1,207.46. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share 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.

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.