Diversified Trust Co Cuts Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Diversified Trust Co decreased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 0.0% in the 4th quarter, HoldingsChannel reports. The firm owned 146,248 shares of the company’s stock after selling 16 shares during the quarter. Coca-Cola Consolidated makes up 4.5% of Diversified Trust Co’s portfolio, making the stock its 3rd largest holding. Diversified Trust Co’s holdings in Coca-Cola Consolidated were worth $184,271,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Millennium Management LLC raised its stake in shares of Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after buying an additional 160,521 shares in the last quarter. International Assets Investment Management LLC grew its holdings in 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. acquired a new stake in Coca-Cola Consolidated in the 2nd quarter valued at about $90,404,000. State Street Corp boosted its position in shares of Coca-Cola Consolidated by 18.4% during the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after purchasing an additional 26,752 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock valued at $163,868,000 after purchasing an additional 17,408 shares in the last quarter. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE traded down $4.54 during midday trading on Tuesday, reaching $1,310.45. The company’s stock had a trading volume of 9,279 shares, compared to its average volume of 44,705. Coca-Cola Consolidated, Inc. has a one year low of $800.76 and a one year high of $1,376.84. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 22.81 and a beta of 0.89. The company has a 50 day moving average price of $1,244.50 and a 200 day moving average price of $1,232.21. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39.

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

About Coca-Cola Consolidated

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.