Accel Wealth Management Buys New Shares in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Accel Wealth Management bought a new position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 218 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. purchased a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $38,000. Fifth Third Bancorp increased its holdings in shares of Coca-Cola Consolidated by 163.0% during the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock worth $45,000 after buying an additional 44 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Coca-Cola Consolidated by 100.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock worth $47,000 after buying an additional 37 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Coca-Cola Consolidated by 34.3% during the 4th quarter. Macquarie Group Ltd. now owns 90 shares of the company’s stock worth $46,000 after buying an additional 23 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Coca-Cola Consolidated by 5,600.0% in the 1st quarter. Covestor Ltd now owns 114 shares of the company’s stock valued at $57,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 0.5 %

NASDAQ:COKE traded up $4.23 on Thursday, reaching $846.41. The stock had a trading volume of 56,558 shares, compared to its average volume of 47,712. The company has a 50-day moving average of $850.49 and a 200 day moving average of $779.54. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42. The stock has a market cap of $7.93 billion, a P/E ratio of 19.37 and a beta of 0.75. Coca-Cola Consolidated, Inc. has a 12-month low of $519.14 and a 12-month high of $961.91.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share for the quarter. The company had revenue of $1.63 billion during the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd.

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.