New York State Teachers Retirement System Cuts Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

New York State Teachers Retirement System decreased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,729 shares of the company’s stock after selling 623 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Coca-Cola Consolidated worth $7,176,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COKE. International Assets Investment Management LLC purchased a new position in Coca-Cola Consolidated in the fourth quarter valued at approximately $174,971,000. Norges Bank purchased a new position in Coca-Cola Consolidated in the fourth quarter valued at approximately $31,757,000. First Trust Advisors LP raised its holdings in Coca-Cola Consolidated by 917.9% in the first quarter. First Trust Advisors LP now owns 52,801 shares of the company’s stock valued at $28,253,000 after buying an additional 47,614 shares during the period. AQR Capital Management LLC raised its holdings in Coca-Cola Consolidated by 230.5% in the fourth quarter. AQR Capital Management LLC now owns 67,411 shares of the company’s stock valued at $34,539,000 after buying an additional 47,017 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in Coca-Cola Consolidated in the fourth quarter valued at approximately $30,318,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 1.3 %

COKE opened at $820.59 on Friday. The firm has a market capitalization of $7.69 billion, a P/E ratio of 18.88 and a beta of 0.74. The firm’s 50 day moving average is $842.98 and its 200-day moving average is $791.66. Coca-Cola Consolidated, Inc. has a 52-week low of $529.68 and a 52-week high of $961.91. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.42.

Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. The company had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a net margin of 6.14% and a return on equity of 44.12%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

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.