GSA Capital Partners LLP acquired a new position in shares of Coca-Cola Consolidated Inc (NASDAQ:COKE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,567 shares of the company’s stock, valued at approximately $278,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Martingale Asset Management L P boosted its stake in shares of Coca-Cola Consolidated by 535.8% in the fourth quarter. Martingale Asset Management L P now owns 17,801 shares of the company’s stock valued at $3,159,000 after purchasing an additional 15,001 shares during the period. Greenwich Wealth Management LLC purchased a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at approximately $211,000. Texas Permanent School Fund boosted its stake in shares of Coca-Cola Consolidated by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 3,037 shares of the company’s stock valued at $539,000 after purchasing an additional 116 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Coca-Cola Consolidated in the fourth quarter valued at approximately $71,000. Finally, LPL Financial LLC boosted its stake in shares of Coca-Cola Consolidated by 7.2% in the fourth quarter. LPL Financial LLC now owns 5,098 shares of the company’s stock valued at $904,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 37.67% of the company’s stock.
NASDAQ COKE opened at $258.59 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 2.48. Coca-Cola Consolidated Inc has a one year low of $125.08 and a one year high of $262.29. The company has a market capitalization of $2.42 billion, a PE ratio of 51.28 and a beta of 0.74.
Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $1.69. Coca-Cola Consolidated had a negative net margin of 0.43% and a positive return on equity of 10.40%.
Several research analysts have recently commented on COKE shares. ValuEngine raised shares of Coca-Cola Consolidated from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. BidaskClub lowered shares of Coca-Cola Consolidated from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 20th. Finally, TheStreet lowered shares of Coca-Cola Consolidated from a “b” rating to a “c+” rating in a research note on Wednesday, February 27th.
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Coca-Cola Consolidated Profile
Coca-Cola Consolidated, Inc, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.
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