Ontario Teachers Pension Plan Board Decreases Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Ontario Teachers Pension Plan Board lowered its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 36.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,073 shares of the company’s stock after selling 603 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Coca-Cola Consolidated were worth $1,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock worth $515,358,000 after purchasing an additional 30,443 shares during the period. Millennium Management LLC boosted its stake in shares of Coca-Cola Consolidated by 1,308.6% during the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after purchasing an additional 160,521 shares in the last quarter. International Assets Investment Management LLC boosted its stake 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 in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Coca-Cola Consolidated by 88.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after acquiring an additional 52,491 shares in the last quarter. Finally, Wallace Capital Management Inc. bought a new position in shares of Coca-Cola Consolidated in the second quarter worth approximately $90,404,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 1.2 %

COKE opened at $1,237.96 on Thursday. Coca-Cola Consolidated, Inc. has a twelve month low of $715.42 and a twelve month high of $1,376.84. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 21.54 and a beta of 0.85. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average price of $1,253.68 and a 200-day moving average price of $1,164.42.

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

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.