Alliance Wealth Management Group Buys Shares of 7,918 Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Alliance Wealth Management Group bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,918 shares of the company's stock, valued at approximately $7,351,000. Coca-Cola Consolidated makes up about 2.2% of Alliance Wealth Management Group's portfolio, making the stock its 16th largest holding. Alliance Wealth Management Group owned approximately 0.08% of Coca-Cola Consolidated as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth $30,318,000. Caprock Group LLC acquired a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth $216,000. Ritholtz Wealth Management lifted its stake in shares of Coca-Cola Consolidated by 51.4% during the fourth quarter. Ritholtz Wealth Management now owns 2,426 shares of the company's stock worth $2,253,000 after buying an additional 824 shares during the period. Accel Wealth Management acquired a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth $202,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Coca-Cola Consolidated by 101.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,160 shares of the company's stock worth $1,077,000 after buying an additional 583 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of Coca-Cola Consolidated stock traded up $4.23 during trading on Friday, hitting $846.41. 56,567 shares of the company's stock were exchanged, compared to its average volume of 46,960. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.56. The business has a 50-day simple moving average of $849.99 and a 200-day simple moving average of $781.94. Coca-Cola Consolidated, Inc. has a 52-week low of $519.14 and a 52-week high of $961.91. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 19.47 and a beta of 0.75.

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

Analyst Ratings Changes

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.

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