Foundry Partners LLC Sells 5,766 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Foundry Partners LLC decreased its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 92.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 472 shares of the company’s stock after selling 5,766 shares during the quarter. Foundry Partners LLC’s holdings in Coca-Cola Consolidated were worth $621,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Coca-Cola Consolidated during the third quarter worth about $37,000. EntryPoint Capital LLC bought a new stake in Coca-Cola Consolidated during the 1st quarter worth approximately $30,000. UMB Bank n.a. increased its holdings in Coca-Cola Consolidated by 41.9% during the 3rd quarter. UMB Bank n.a. now owns 44 shares of the company’s stock valued at $58,000 after purchasing an additional 13 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Coca-Cola Consolidated in the 2nd quarter valued at $62,000. Finally, GAMMA Investing LLC boosted its stake in Coca-Cola Consolidated by 137.0% in the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock worth $69,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of COKE stock opened at $1,259.92 on Friday. The stock’s fifty day moving average is $1,253.18 and its 200-day moving average is $1,164.98. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.15 and a current ratio of 2.47. Coca-Cola Consolidated, Inc. has a 52 week low of $716.80 and a 52 week high of $1,376.84. The stock has a market capitalization of $11.04 billion, a PE ratio of 21.93 and a beta of 0.85.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its earnings results 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 company had revenue of $1.77 billion during the quarter.

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.