Virtu Financial LLC Purchases New Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Virtu Financial LLC purchased a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 340 shares of the company’s stock, valued at approximately $446,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arete Wealth Advisors LLC bought a new position in Coca-Cola Consolidated during the 3rd quarter worth $321,000. Sunbelt Securities Inc. grew its stake in Coca-Cola Consolidated by 16.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 93 shares of the company’s stock worth $122,000 after buying an additional 13 shares during the last quarter. Geode Capital Management LLC grew its stake in Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after buying an additional 17,408 shares during the last quarter. Vestcor Inc grew its stake in Coca-Cola Consolidated by 343.0% during the 3rd quarter. Vestcor Inc now owns 2,760 shares of the company’s stock worth $3,633,000 after buying an additional 2,137 shares during the last quarter. Finally, M&T Bank Corp bought a new position in Coca-Cola Consolidated during the 3rd quarter worth $220,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Price Performance

Shares of COKE opened at $1,269.74 on Monday. The company has a market cap of $11.12 billion, a P/E ratio of 22.10 and a beta of 0.88. The stock has a fifty day moving average price of $1,255.31 and a 200 day moving average price of $1,205.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated, Inc. has a 12 month low of $800.76 and a 12 month high of $1,376.84.

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 return on equity of 46.94% and a net margin of 7.81%. The firm 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.