Pitcairn Co. Grows Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Pitcairn Co. raised its position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 589 shares of the company’s stock after acquiring an additional 30 shares during the quarter. Pitcairn Co.’s holdings in Coca-Cola Consolidated were worth $775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COKE. V Square Quantitative Management LLC purchased a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth $37,000. EntryPoint Capital LLC acquired a new stake in Coca-Cola Consolidated in the first quarter valued at $30,000. UMB Bank n.a. lifted 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 worth $58,000 after buying an additional 13 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Coca-Cola Consolidated during the 2nd quarter worth about $62,000. Finally, GAMMA Investing LLC increased its holdings in shares of Coca-Cola Consolidated by 137.0% in the 2nd quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $1,259.92 on Monday. The stock’s 50-day simple moving average is $1,252.44 and its 200-day simple moving average is $1,170.46. The firm has a market capitalization of $11.04 billion, a PE ratio of 21.93 and a beta of 0.85. Coca-Cola Consolidated, Inc. has a fifty-two week low of $716.80 and a fifty-two week high of $1,376.84. 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 released its quarterly earnings data 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 for 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.