JPMorgan Chase & Co. Grows Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

JPMorgan Chase & Co. raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 8.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,173 shares of the company’s stock after acquiring an additional 1,453 shares during the quarter. JPMorgan Chase & Co.’s holdings in Coca-Cola Consolidated were worth $25,239,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of Coca-Cola Consolidated by 133.5% in the 3rd quarter. Franklin Resources Inc. now owns 9,480 shares of the company’s stock valued at $12,339,000 after purchasing an additional 5,420 shares in the last quarter. Tidal Investments LLC grew its position in Coca-Cola Consolidated by 214.0% during the third quarter. Tidal Investments LLC now owns 1,573 shares of the company’s stock worth $2,071,000 after buying an additional 1,072 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Coca-Cola Consolidated in the third quarter valued at about $72,000. Sanctuary Advisors LLC lifted its position in shares of Coca-Cola Consolidated by 4.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 968 shares of the company’s stock valued at $1,220,000 after acquiring an additional 44 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $446,000. 48.24% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

COKE opened at $1,289.77 on Wednesday. Coca-Cola Consolidated, Inc. has a 1-year low of $800.76 and a 1-year high of $1,376.84. The stock has a market cap of $11.30 billion, a P/E ratio of 22.45 and a beta of 0.89. The stock’s 50 day simple moving average is $1,246.11 and its 200 day simple moving average is $1,234.29. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.47 and a quick ratio of 2.15.

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