Man Group plc Cuts Stock Position in Coca-Cola Consolidated Inc (NASDAQ:COKE)

Man Group plc cut its stake in shares of Coca-Cola Consolidated Inc (NASDAQ:COKE) by 12.1% in the third quarter, HoldingsChannel.com reports. The fund owned 17,194 shares of the company’s stock after selling 2,376 shares during the period. Man Group plc’s holdings in Coca-Cola Consolidated were worth $5,225,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of COKE. Squarepoint Ops LLC lifted its position in shares of Coca-Cola Consolidated by 363.2% in the third quarter. Squarepoint Ops LLC now owns 3,831 shares of the company’s stock valued at $1,164,000 after acquiring an additional 3,004 shares in the last quarter. Voloridge Investment Management LLC raised its position in shares of Coca-Cola Consolidated by 2,777.7% in the third quarter. Voloridge Investment Management LLC now owns 70,015 shares of the company’s stock valued at $3,882,000 after buying an additional 67,582 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Coca-Cola Consolidated by 100.0% in the third quarter. Point72 Asset Management L.P. now owns 200 shares of the company’s stock valued at $61,000 after buying an additional 100 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Coca-Cola Consolidated by 1.0% in the third quarter. California State Teachers Retirement System now owns 7,306 shares of the company’s stock valued at $2,220,000 after buying an additional 71 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Coca-Cola Consolidated by 1.2% in the third quarter. State Street Corp now owns 140,192 shares of the company’s stock worth $42,600,000 after buying an additional 1,633 shares in the last quarter. Institutional investors own 39.95% of the company’s stock.

Shares of Coca-Cola Consolidated stock opened at $278.46 on Monday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.39 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $274.30 and its 200-day simple moving average is $300.54. The stock has a market cap of $2.57 billion, a P/E ratio of 27.04 and a beta of 0.61. Coca-Cola Consolidated Inc has a 1-year low of $166.67 and a 1-year high of $413.39.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.44 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.12). Coca-Cola Consolidated had a negative net margin of 0.11% and a positive return on equity of 20.44%. The company had revenue of $1.27 billion during the quarter.

A number of equities analysts recently weighed in on COKE shares. BidaskClub upgraded shares of Coca-Cola Consolidated from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 13th. ValuEngine upgraded shares of Coca-Cola Consolidated from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 13th.

About Coca-Cola Consolidated

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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Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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