Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Stake Lifted by KBC Group NV

KBC Group NV raised its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 87.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 268 shares of the company’s stock after buying an additional 125 shares during the quarter. KBC Group NV’s holdings in Coca-Cola Consolidated were worth $353,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new stake in shares of Coca-Cola Consolidated in the 1st quarter worth about $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Coca-Cola Consolidated in the third quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its holdings in shares of Coca-Cola Consolidated by 102.9% during the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after buying an additional 35 shares during the last quarter. UMB Bank n.a. boosted its position in shares of 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 buying an additional 13 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $62,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Up 1.2 %

Shares of Coca-Cola Consolidated stock opened at $1,223.62 on Wednesday. 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, Inc. has a 1-year low of $705.50 and a 1-year high of $1,376.84. The business’s fifty day moving average price is $1,254.47 and its two-hundred day moving average price is $1,163.90. The company has a market capitalization of $10.72 billion, a P/E ratio of 21.30 and a beta of 0.85.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The business had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

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.