Arete Wealth Advisors LLC Takes Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Arete Wealth Advisors LLC purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the third quarter, according to its most recent filing with the SEC. The fund purchased 245 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of COKE. CWM LLC increased its holdings in Coca-Cola Consolidated by 17.4% in the 2nd quarter. CWM LLC now owns 101 shares of the company’s stock valued at $110,000 after acquiring an additional 15 shares during the last quarter. Blue Trust Inc. bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at $102,000. Vaughan Nelson Investment Management L.P. increased its holdings in Coca-Cola Consolidated by 88.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock valued at $121,689,000 after acquiring an additional 52,491 shares during the last quarter. Zhang Financial LLC bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at $217,000. Finally, Summit Global Investments bought a new stake in Coca-Cola Consolidated in the 2nd quarter valued at $1,505,000. 48.24% of the stock is currently owned by institutional investors.

Coca-Cola Consolidated Stock Performance

Shares of NASDAQ COKE opened at $1,269.74 on Friday. Coca-Cola Consolidated, Inc. has a 52-week low of $800.76 and a 52-week high of $1,376.84. The company has a market cap of $11.12 billion, a P/E ratio of 22.10 and a beta of 0.88. The firm’s fifty day moving average is $1,255.31 and its two-hundred day moving average is $1,202.42. 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 (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $18.81 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The business 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.