Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 90.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 269 shares of the company’s stock after selling 2,575 shares during the quarter. SG Americas Securities LLC’s holdings in Coca-Cola Consolidated were worth $250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in COKE. Norges Bank acquired a new position in shares of Coca-Cola Consolidated during the 4th quarter worth $31,757,000. First Trust Advisors LP grew its stake in shares of Coca-Cola Consolidated by 917.9% during the 1st quarter. First Trust Advisors LP now owns 52,801 shares of the company’s stock worth $28,253,000 after purchasing an additional 47,614 shares during the period. AQR Capital Management LLC grew its stake in shares of Coca-Cola Consolidated by 230.5% during the 4th quarter. AQR Capital Management LLC now owns 67,411 shares of the company’s stock worth $34,539,000 after purchasing an additional 47,017 shares during the period. Marshall Wace LLP grew its stake in shares of Coca-Cola Consolidated by 1,024.3% during the 2nd quarter. Marshall Wace LLP now owns 28,074 shares of the company’s stock worth $17,856,000 after purchasing an additional 25,577 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Coca-Cola Consolidated by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 580,785 shares of the company’s stock worth $369,565,000 after purchasing an additional 19,877 shares during the period. 48.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

Coca-Cola Consolidated Price Performance

Shares of NASDAQ COKE opened at $810.40 on Thursday. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 18.64 and a beta of 0.74. Coca-Cola Consolidated, Inc. has a 52 week low of $529.68 and a 52 week high of $961.91. The company’s 50-day moving average price is $844.55 and its 200 day moving average price is $791.46. The company has a current ratio of 1.56, a quick ratio of 1.27 and a debt-to-equity ratio of 0.42.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 EPS for the quarter. The firm had revenue of $1.63 billion for the quarter. Coca-Cola Consolidated had a net margin of 6.14% and a return on equity of 44.12%.

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.