Victory Capital Management Inc. Acquires 4,181 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Victory Capital Management Inc. grew its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 105.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,142 shares of the company’s stock after buying an additional 4,181 shares during the period. Victory Capital Management Inc. owned 0.09% of Coca-Cola Consolidated worth $10,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after acquiring an additional 30,443 shares during the last quarter. Millennium Management LLC grew its position in shares of Coca-Cola Consolidated by 1,308.6% during the second quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock valued at $187,475,000 after purchasing an additional 160,521 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after purchasing an additional 152,500 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Coca-Cola Consolidated by 88.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock worth $121,689,000 after buying an additional 52,491 shares in the last quarter. Finally, Wallace Capital Management Inc. bought a new position in Coca-Cola Consolidated during the second quarter valued at approximately $90,404,000. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Performance

NASDAQ COKE opened at $1,237.96 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15. Coca-Cola Consolidated, Inc. has a 1-year low of $715.42 and a 1-year high of $1,376.84. The business has a 50 day simple moving average of $1,253.68 and a two-hundred day simple moving average of $1,164.42. The stock has a market capitalization of $10.84 billion, a PE ratio of 21.54 and a beta of 0.85.

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

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.