Envestnet Asset Management Inc. trimmed its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE – Get Rating) by 29.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,900 shares of the company’s stock after selling 2,436 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Coca-Cola Consolidated worth $3,327,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Eaton Vance Management lifted its holdings in shares of Coca-Cola Consolidated by 4.4% during the first quarter. Eaton Vance Management now owns 455 shares of the company’s stock valued at $226,000 after purchasing an additional 19 shares during the last quarter. Bank of Montreal Can lifted its stake in Coca-Cola Consolidated by 1.2% in the 1st quarter. Bank of Montreal Can now owns 1,665 shares of the company’s stock worth $825,000 after acquiring an additional 20 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Coca-Cola Consolidated by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,052 shares of the company’s stock worth $2,067,000 after acquiring an additional 24 shares in the last quarter. Captrust Financial Advisors lifted its stake in Coca-Cola Consolidated by 6.2% in the 1st quarter. Captrust Financial Advisors now owns 530 shares of the company’s stock worth $263,000 after acquiring an additional 31 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Coca-Cola Consolidated by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 669 shares of the company’s stock worth $332,000 after acquiring an additional 35 shares in the last quarter. 38.11% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Consolidated Stock Down 2.9 %
COKE opened at $455.49 on Tuesday. Coca-Cola Consolidated, Inc. has a fifty-two week low of $405.03 and a fifty-two week high of $656.11. The business has a 50-day moving average of $448.74 and a 200-day moving average of $499.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.40 and a quick ratio of 1.05. The company has a market capitalization of $4.27 billion, a PE ratio of 12.93 and a beta of 0.98.
Coca-Cola Consolidated Dividend Announcement
Analyst Ratings Changes
Separately, StockNews.com began coverage on Coca-Cola Consolidated in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company.
Coca-Cola Consolidated 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, such as carbonated 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.
- Get a free copy of the StockNews.com research report on Coca-Cola Consolidated (COKE)
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