Martingale Asset Management L P Increases Stock Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Martingale Asset Management L P lifted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 64.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,777 shares of the company’s stock after buying an additional 1,880 shares during the period. Martingale Asset Management L P’s holdings in Coca-Cola Consolidated were worth $6,288,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of Coca-Cola Consolidated by 15.3% during the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after buying an additional 9 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 valued at $58,000 after buying an additional 13 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Coca-Cola Consolidated by 3.4% during the first quarter. Cetera Advisors LLC now owns 420 shares of the company’s stock worth $356,000 after acquiring an additional 14 shares during the period. CWM LLC lifted its holdings in Coca-Cola Consolidated by 17.4% during the second quarter. CWM LLC now owns 101 shares of the company’s stock worth $110,000 after acquiring an additional 15 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Coca-Cola Consolidated by 1.8% during the second quarter. Bank of Montreal Can now owns 1,028 shares of the company’s stock worth $1,120,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $1,304.29 on Friday. The business’s fifty day simple moving average is $1,257.14 and its 200 day simple moving average is $1,180.05. The firm has a market capitalization of $11.43 billion, a P/E ratio of 22.70 and a beta of 0.85. Coca-Cola Consolidated, Inc. has a 12 month low of $720.55 and a 12 month high of $1,376.84. 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 issued its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. The business had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

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.