Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 43,570 shares of the company's stock, valued at approximately $40,449,000. Vaughan Nelson Investment Management L.P. owned about 0.46% of Coca-Cola Consolidated at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in COKE. AMI Investment Management Inc. bought a new stake in Coca-Cola Consolidated during the first quarter valued at about $204,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Coca-Cola Consolidated by 19.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 434 shares of the company's stock worth $216,000 after buying an additional 70 shares in the last quarter. US Bancorp DE lifted its position in shares of Coca-Cola Consolidated by 15.9% in the first quarter. US Bancorp DE now owns 867 shares of the company's stock worth $430,000 after buying an additional 119 shares in the last quarter. Citigroup Inc. lifted its position in shares of Coca-Cola Consolidated by 6.2% in the first quarter. Citigroup Inc. now owns 4,654 shares of the company's stock worth $2,312,000 after buying an additional 271 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Coca-Cola Consolidated by 1.2% during the first quarter. Bank of Montreal Can now owns 1,665 shares of the company's stock worth $825,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company's stock.
Coca-Cola Consolidated Trading Up 1.3 %
Shares of COKE traded up $10.51 during mid-day trading on Friday, reaching $830.11. 30,098 shares of the company's stock traded hands, compared to its average volume of 44,043. The stock has a market cap of $7.78 billion, a P/E ratio of 19.10 and a beta of 0.74. The stock's 50-day moving average is $846.50 and its two-hundred day moving average is $787.80. Coca-Cola Consolidated, Inc. has a 12 month low of $527.37 and a 12 month high of $961.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27.
Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $13.39 earnings per share (EPS) for the quarter. The business had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a return on equity of 44.12% and a net margin of 6.14%.
Analyst Ratings Changes
Separately, StockNews.com raised Coca-Cola Consolidated from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 23rd.
Get Our Latest Stock Analysis on COKE
About Coca-Cola Consolidated
(
Free Report)
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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