Bridgewater Associates LP Has $12.29 Million Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Bridgewater Associates LP lowered its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 32.0% during the third quarter, Holdings Channel.com reports. The firm owned 9,334 shares of the company’s stock after selling 4,399 shares during the period. Bridgewater Associates LP’s holdings in Coca-Cola Consolidated were worth $12,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of COKE. V Square Quantitative Management LLC acquired a new position in Coca-Cola Consolidated in the third quarter worth $37,000. EverSource Wealth Advisors LLC boosted its stake in Coca-Cola Consolidated by 102.9% in the first quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock worth $57,000 after purchasing an additional 35 shares in the last quarter. UMB Bank n.a. boosted its stake in Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after purchasing an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Coca-Cola Consolidated in the second quarter worth $62,000. Finally, GAMMA Investing LLC lifted its stake in shares of Coca-Cola Consolidated by 137.0% during the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 2.4 %

Shares of COKE opened at $1,312.40 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a 12-month low of $716.80 and a 12-month high of $1,376.84. The firm has a market capitalization of $11.50 billion, a PE ratio of 22.84 and a beta of 0.85. The stock’s fifty day simple moving average is $1,255.43 and its 200-day simple moving average is $1,176.66.

Coca-Cola Consolidated (NASDAQ:COKE) last issued 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 business 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.