GAMMA Investing LLC Grows Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

GAMMA Investing LLC lifted its position in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104 shares of the company’s stock after buying an additional 15 shares during the quarter. GAMMA Investing LLC’s holdings in Coca-Cola Consolidated were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Coca-Cola Consolidated by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 19,173 shares of the company’s stock worth $25,239,000 after acquiring an additional 1,453 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Coca-Cola Consolidated by 133.5% during the 3rd quarter. Franklin Resources Inc. now owns 9,480 shares of the company’s stock worth $12,339,000 after purchasing an additional 5,420 shares during the period. Tidal Investments LLC boosted its holdings in shares of Coca-Cola Consolidated by 214.0% during the third quarter. Tidal Investments LLC now owns 1,573 shares of the company’s stock worth $2,071,000 after purchasing an additional 1,072 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Coca-Cola Consolidated in the third quarter valued at $72,000. Finally, Sanctuary Advisors LLC grew its position in shares of Coca-Cola Consolidated by 4.8% in the third quarter. Sanctuary Advisors LLC now owns 968 shares of the company’s stock valued at $1,220,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,287.15 on Friday. The business’s 50-day moving average price is $1,247.86 and its 200 day moving average price is $1,234.66. 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 twelve month low of $800.76 and a twelve month high of $1,376.84. The company has a market capitalization of $11.28 billion, a PE ratio of 22.40 and a beta of 0.89.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data 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 business had revenue of $1.77 billion for the quarter.

About Coca-Cola Consolidated

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.