Fmr LLC Sells 62,213 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Fmr LLC lessened its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 32.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,487 shares of the company’s stock after selling 62,213 shares during the quarter. Fmr LLC’s holdings in Coca-Cola Consolidated were worth $170,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Coca-Cola Consolidated by 14.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,971 shares of the company’s stock valued at $6,544,000 after buying an additional 616 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Coca-Cola Consolidated by 62.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 985 shares of the company’s stock worth $1,295,000 after acquiring an additional 377 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Coca-Cola Consolidated by 82.5% during the third quarter. Larson Financial Group LLC now owns 312 shares of the company’s stock valued at $411,000 after acquiring an additional 141 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Coca-Cola Consolidated by 5.4% during the third quarter. Pitcairn Co. now owns 589 shares of the company’s stock valued at $775,000 after acquiring an additional 30 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Coca-Cola Consolidated by 1.6% in the 3rd quarter. Algert Global LLC now owns 11,667 shares of the company’s stock valued at $15,358,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Up 0.4 %

NASDAQ COKE opened at $1,309.01 on Tuesday. The stock has a market cap of $11.47 billion, a P/E ratio of 22.78 and a beta of 0.85. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a 12-month low of $726.58 and a 12-month high of $1,376.84. The company has a fifty day simple moving average of $1,257.04 and a two-hundred day simple moving average of $1,185.91.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%. The company had revenue of $1.77 billion for the quarter.

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.