Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 19,173 shares of the company’s stock after purchasing an additional 1,453 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of Coca-Cola Consolidated worth $25,239,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of COKE. Commonwealth Equity Services LLC increased its position in Coca-Cola Consolidated by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,671 shares of the company’s stock valued at $1,814,000 after acquiring an additional 32 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Coca-Cola Consolidated in the 2nd quarter valued at approximately $247,000. Arizona State Retirement System increased its holdings in shares of Coca-Cola Consolidated by 1.9% in the second quarter. Arizona State Retirement System now owns 1,523 shares of the company’s stock valued at $1,652,000 after purchasing an additional 28 shares during the period. Caprock Group LLC purchased a new stake in shares of Coca-Cola Consolidated during the second quarter worth approximately $332,000. Finally, Choreo LLC acquired a new stake in shares of Coca-Cola Consolidated during the second quarter worth $258,000. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

NASDAQ:COKE opened at $1,289.77 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 22.45 and a beta of 0.89. The firm’s fifty day moving average price is $1,246.11 and its 200 day moving average price is $1,234.29. Coca-Cola Consolidated, Inc. has a 1-year low of $800.76 and a 1-year high of $1,376.84.

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

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.