Coca-Cola Consolidated (NASDAQ:COKE) Upgraded to Hold by ValuEngine

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Coca-Cola Consolidated (NASDAQ:COKE) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Friday, ValuEngine reports.

Separately, BidaskClub lowered shares of Coca-Cola Consolidated from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th.

Shares of Coca-Cola Consolidated stock traded down $0.29 during trading on Friday, reaching $273.68. 24,000 shares of the stock were exchanged, compared to its average volume of 33,926. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 2.39. The stock’s fifty day moving average is $278.31 and its 200 day moving average is $291.14. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -463.86 and a beta of 0.68. Coca-Cola Consolidated has a 1 year low of $210.00 and a 1 year high of $413.39.

A number of hedge funds have recently added to or reduced their stakes in COKE. BlackRock Inc. raised its stake in Coca-Cola Consolidated by 1.6% in the second quarter. BlackRock Inc. now owns 688,009 shares of the company’s stock worth $205,887,000 after buying an additional 10,772 shares in the last quarter. Royal Bank of Canada raised its stake in Coca-Cola Consolidated by 8.5% in the second quarter. Royal Bank of Canada now owns 831 shares of the company’s stock worth $249,000 after buying an additional 65 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Coca-Cola Consolidated by 4.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 12,813 shares of the company’s stock worth $3,893,000 after buying an additional 549 shares in the last quarter. Strs Ohio raised its stake in Coca-Cola Consolidated by 520.0% in the third quarter. Strs Ohio now owns 3,100 shares of the company’s stock worth $941,000 after buying an additional 2,600 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in Coca-Cola Consolidated by 87.5% in the third quarter. Virginia Retirement Systems ET AL now owns 1,500 shares of the company’s stock worth $456,000 after buying an additional 700 shares in the last quarter. 39.99% of the stock is owned by institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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