Synovus Financial Corp Sells 17 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Synovus Financial Corp trimmed its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 4.9% during the third quarter, Holdings Channel.com reports. The fund owned 333 shares of the company’s stock after selling 17 shares during the quarter. Synovus Financial Corp’s holdings in Coca-Cola Consolidated were worth $438,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC raised its holdings in Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after acquiring an additional 160,521 shares in the last quarter. International Assets Investment Management LLC raised its stake in Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock valued at $201,021,000 after purchasing an additional 152,500 shares in the last quarter. Wallace Capital Management Inc. bought a new stake in Coca-Cola Consolidated during the second quarter worth about $90,404,000. Los Angeles Capital Management LLC grew its stake in Coca-Cola Consolidated by 1,271.0% during the second quarter. Los Angeles Capital Management LLC now owns 32,067 shares of the company’s stock worth $34,793,000 after buying an additional 29,728 shares in the last quarter. Finally, State Street Corp increased its holdings in Coca-Cola Consolidated by 18.4% in the 3rd quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after buying an additional 26,752 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock opened at $1,211.28 on Thursday. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The company has a market cap of $10.61 billion, a PE ratio of 21.08 and a beta of 0.88. The company has a 50 day moving average of $1,254.95 and a 200-day moving average of $1,209.36. Coca-Cola Consolidated, Inc. has a 1-year low of $800.76 and a 1-year high of $1,376.84.

Coca-Cola Consolidated (NASDAQ:COKE) last released its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The firm had revenue of $1.77 billion during 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.