Verition Fund Management LLC Sells 896 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Verition Fund Management LLC trimmed its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 85.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157 shares of the company’s stock after selling 896 shares during the period. Verition Fund Management LLC’s holdings in Coca-Cola Consolidated were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COKE. CWM LLC increased its holdings in shares of Coca-Cola Consolidated by 17.4% in the 2nd quarter. CWM LLC now owns 101 shares of the company’s stock worth $110,000 after buying an additional 15 shares during the last quarter. Blue Trust Inc. bought a new position in Coca-Cola Consolidated in the second quarter valued at $102,000. Zhang Financial LLC purchased a new stake in Coca-Cola Consolidated during the second quarter valued at about $217,000. Summit Global Investments bought a new stake in Coca-Cola Consolidated during the second quarter worth about $1,505,000. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of Coca-Cola Consolidated by 1.8% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 1,489 shares of the company’s stock worth $1,616,000 after purchasing an additional 26 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Down 0.9 %

Shares of COKE opened at $1,269.74 on Monday. The firm has a market cap of $11.12 billion, a P/E ratio of 22.10 and a beta of 0.88. Coca-Cola Consolidated, Inc. has a 1 year low of $800.76 and a 1 year high of $1,376.84. The stock has a 50 day simple moving average of $1,255.31 and a two-hundred day simple moving average 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 (NASDAQ:COKE) last released its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. The company had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

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.