Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,862 shares of the company’s stock after purchasing an additional 206 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Coca-Cola Consolidated were worth $5,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Millennium Management LLC raised its position in Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after purchasing an additional 160,521 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Coca-Cola Consolidated by 74,390.2% during the 3rd 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. raised its position in shares of Coca-Cola Consolidated by 88.0% during the 2nd 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. Wallace Capital Management Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 2nd quarter worth about $90,404,000. Finally, AQR Capital Management LLC raised its position in shares of Coca-Cola Consolidated by 18.3% during the 2nd quarter. AQR Capital Management LLC now owns 75,035 shares of the company’s stock worth $80,363,000 after acquiring an additional 11,587 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $1,344.96 on Wednesday. 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 fifty-two week low of $716.80 and a fifty-two week high of $1,376.84. The firm has a market capitalization of $11.78 billion, a PE ratio of 23.41 and a beta of 0.85. The stock’s 50-day simple moving average is $1,252.82 and its 200-day simple moving average is $1,172.94.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results 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 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.