Diversified Trust Co Cuts Stake in Coca-Cola Consolidated Inc (NASDAQ:COKE)

Diversified Trust Co reduced its stake in Coca-Cola Consolidated Inc (NASDAQ:COKE) by 0.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,153 shares of the company’s stock after selling 70 shares during the period. Coca-Cola Consolidated makes up 2.3% of Diversified Trust Co’s portfolio, making the stock its 13th biggest position. Diversified Trust Co owned approximately 1.69% of Coca-Cola Consolidated worth $48,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COKE. New York State Common Retirement Fund boosted its position in shares of Coca-Cola Consolidated by 51.9% during the first quarter. New York State Common Retirement Fund now owns 7,137 shares of the company’s stock valued at $2,054,000 after buying an additional 2,437 shares during the last quarter. Federated Investors Inc. PA purchased a new position in Coca-Cola Consolidated in the first quarter worth about $4,799,000. Jacobs Levy Equity Management Inc. boosted its position in Coca-Cola Consolidated by 42.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 42,332 shares of the company’s stock worth $12,184,000 after purchasing an additional 12,576 shares during the last quarter. Versant Capital Management Inc boosted its position in Coca-Cola Consolidated by 146.2% in the second quarter. Versant Capital Management Inc now owns 96 shares of the company’s stock worth $28,000 after purchasing an additional 57 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in Coca-Cola Consolidated by 12.5% in the second quarter. New York State Teachers Retirement System now owns 3,601 shares of the company’s stock worth $1,078,000 after purchasing an additional 400 shares during the last quarter. 39.89% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on COKE shares. BidaskClub downgraded Coca-Cola Consolidated from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. ValuEngine downgraded Coca-Cola Consolidated from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd.

COKE traded down $0.93 on Wednesday, hitting $294.01. 108 shares of the company’s stock traded hands, compared to its average volume of 60,170. The company’s 50 day simple moving average is $312.80 and its 200-day simple moving average is $310.47. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 31.93 and a beta of 0.70. Coca-Cola Consolidated Inc has a one year low of $160.19 and a one year high of $413.39. The company has a current ratio of 1.44, a quick ratio of 1.05 and a debt-to-equity ratio of 2.57.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Tuesday, August 6th. The company reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $3.09. The company had revenue of $1.27 billion for the quarter. Coca-Cola Consolidated had a return on equity of 19.53% and a net margin of 0.14%.

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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Institutional Ownership by Quarter for Coca-Cola Consolidated (NASDAQ:COKE)

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