Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 27.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,368 shares of the company’s stock after selling 19,891 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.59% of Coca-Cola Consolidated worth $67,621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Millennium Management LLC raised its position in Coca-Cola Consolidated by 1,308.6% during the second quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after acquiring an additional 160,521 shares during 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 purchasing an additional 152,500 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Coca-Cola Consolidated by 88.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock valued at $121,689,000 after buying an additional 52,491 shares in the last quarter. Wallace Capital Management Inc. acquired a new stake in Coca-Cola Consolidated during the 2nd quarter valued at $90,404,000. Finally, AQR Capital Management LLC increased its position in Coca-Cola Consolidated by 18.3% during the second quarter. AQR Capital Management LLC now owns 75,035 shares of the company’s stock worth $80,363,000 after buying an additional 11,587 shares in the last quarter. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Trading Down 2.4 %

Shares of COKE stock opened at $1,312.40 on Friday. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 22.84 and a beta of 0.85. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $1,255.43 and a 200 day moving average price of $1,176.66. Coca-Cola Consolidated, Inc. has a twelve month low of $716.80 and a twelve month high of $1,376.84.

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. 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 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.