Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 14.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,971 shares of the company’s stock after buying an additional 616 shares during the period. The Manufacturers Life Insurance Company’s holdings in Coca-Cola Consolidated were worth $6,544,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd lifted its holdings in Coca-Cola Consolidated by 62.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 985 shares of the company’s stock valued at $1,295,000 after acquiring an additional 377 shares during the last quarter. Larson Financial Group LLC raised its position in Coca-Cola Consolidated by 82.5% in the third quarter. Larson Financial Group LLC now owns 312 shares of the company’s stock valued at $411,000 after purchasing an additional 141 shares during the period. Pitcairn Co. lifted its stake in shares of Coca-Cola Consolidated by 5.4% in the 3rd quarter. Pitcairn Co. now owns 589 shares of the company’s stock valued at $775,000 after purchasing an additional 30 shares during the last quarter. Algert Global LLC grew its holdings in shares of Coca-Cola Consolidated by 1.6% during the 3rd quarter. Algert Global LLC now owns 11,667 shares of the company’s stock worth $15,358,000 after purchasing an additional 184 shares during the period. Finally, Cerity Partners LLC purchased a new position in shares of Coca-Cola Consolidated during the 3rd quarter worth $857,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Up 2.6 %

Shares of COKE opened at $1,317.56 on Friday. The company’s 50-day moving average price is $1,257.64 and its 200 day moving average price is $1,190.06. Coca-Cola Consolidated, Inc. has a 12-month low of $754.90 and a 12-month high of $1,376.84. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. The firm has a market cap of $11.54 billion, a P/E ratio of 22.93 and a beta of 0.88.

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

Coca-Cola Consolidated Company 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.