SG Americas Securities LLC Cuts Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

SG Americas Securities LLC lowered its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Free Report) by 90.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 269 shares of the company's stock after selling 2,575 shares during the quarter. SG Americas Securities LLC's holdings in Coca-Cola Consolidated were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. AMI Investment Management Inc. purchased a new position in Coca-Cola Consolidated during the first quarter valued at $204,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Coca-Cola Consolidated by 19.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 434 shares of the company's stock valued at $216,000 after buying an additional 70 shares in the last quarter. US Bancorp DE grew its stake in shares of Coca-Cola Consolidated by 15.9% during the 1st quarter. US Bancorp DE now owns 867 shares of the company's stock valued at $430,000 after acquiring an additional 119 shares during the period. Citigroup Inc. increased its holdings in Coca-Cola Consolidated by 6.2% in the 1st quarter. Citigroup Inc. now owns 4,654 shares of the company's stock worth $2,312,000 after acquiring an additional 271 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Coca-Cola Consolidated by 1.2% during 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 during the period. Hedge funds and other institutional investors own 48.24% of the company's stock.

Coca-Cola Consolidated Price Performance

COKE stock traded up $10.19 during trading on Thursday, reaching $820.59. The company's stock had a trading volume of 45,971 shares, compared to its average volume of 46,967. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.42. The company's fifty day moving average is $842.98 and its 200-day moving average is $791.66. The company has a market capitalization of $7.69 billion, a P/E ratio of 18.88 and a beta of 0.74. Coca-Cola Consolidated, Inc. has a 1 year low of $529.68 and a 1 year high of $961.91.

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

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 report on Friday, February 23rd.

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; 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.