APG Asset Management N.V. acquired a new stake in Coca-Cola Consolidated Inc (NASDAQ:COKE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,300 shares of the company’s stock, valued at approximately $1,130,000.
Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Coca-Cola Consolidated by 146.2% during the 2nd quarter. Versant Capital Management Inc now owns 96 shares of the company’s stock worth $28,000 after purchasing an additional 57 shares during the last quarter. Magnus Financial Group LLC bought a new position in Coca-Cola Consolidated in the 1st quarter worth approximately $203,000. Bank of Montreal Can boosted its holdings in Coca-Cola Consolidated by 1,117.9% in the 2nd quarter. Bank of Montreal Can now owns 682 shares of the company’s stock worth $204,000 after buying an additional 626 shares during the period. CIBC Asset Management Inc bought a new position in Coca-Cola Consolidated in the 1st quarter worth approximately $213,000. Finally, Virginia Retirement Systems ET AL bought a new position in Coca-Cola Consolidated in the 2nd quarter worth approximately $239,000. Hedge funds and other institutional investors own 39.89% of the company’s stock.
Several research firms recently commented on COKE. ValuEngine downgraded shares of Coca-Cola Consolidated from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. BidaskClub downgraded shares of Coca-Cola Consolidated from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th.
Coca-Cola Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $4.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $3.09. The firm had revenue of $1.27 billion for the quarter. Coca-Cola Consolidated had a net margin of 0.14% and a return on equity of 19.53%.
About Coca-Cola Consolidated
Coca-Cola Consolidated, Inc, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.
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