Cramer Rosenthal Mcglynn LLC decreased its position in shares of Coca-Cola Consolidated Inc (NASDAQ:COKE) by 27.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,339 shares of the company’s stock after selling 30,646 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.87% of Coca-Cola Consolidated worth $24,341,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of COKE. BNP Paribas Arbitrage SA boosted its position in Coca-Cola Consolidated by 428.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,093 shares of the company’s stock valued at $315,000 after purchasing an additional 886 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Coca-Cola Consolidated in the first quarter valued at approximately $521,000. Comerica Bank boosted its stake in shares of Coca-Cola Consolidated by 2.3% in the first quarter. Comerica Bank now owns 3,722 shares of the company’s stock worth $1,097,000 after acquiring an additional 85 shares during the last quarter. Texas Permanent School Fund boosted its stake in Coca-Cola Consolidated by 3.8% during the first quarter. Texas Permanent School Fund now owns 3,152 shares of the company’s stock worth $907,000 after buying an additional 115 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in Coca-Cola Consolidated during the first quarter worth $256,000. 40.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ COKE traded up $0.69 during trading on Friday, hitting $300.86. The company had a trading volume of 1,700 shares, compared to its average volume of 76,704. The company has a market cap of $2.71 billion, a P/E ratio of 30.07 and a beta of 0.72. Coca-Cola Consolidated Inc has a 52 week low of $160.19 and a 52 week high of $413.39. The business’s 50-day moving average is $322.98 and its 200 day moving average is $303.95. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.05 and a current ratio of 1.44.
A number of equities research analysts have commented on the company. BidaskClub downgraded Coca-Cola Consolidated from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
Coca-Cola Consolidated Profile
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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