Icon Wealth Advisors LLC Purchases 558 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Icon Wealth Advisors LLC grew its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 516.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 666 shares of the company’s stock after acquiring an additional 558 shares during the period. Icon Wealth Advisors LLC’s holdings in Coca-Cola Consolidated were worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in COKE. Millennium Management LLC lifted its holdings in Coca-Cola Consolidated by 1,308.6% in the 2nd quarter. Millennium Management LLC now owns 172,788 shares of the company’s stock worth $187,475,000 after purchasing an additional 160,521 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Coca-Cola Consolidated by 74,390.2% in the third quarter. International Assets Investment Management LLC now owns 152,705 shares of the company’s stock worth $201,021,000 after buying an additional 152,500 shares in the last quarter. Wallace Capital Management Inc. bought a new position in shares of Coca-Cola Consolidated during the second quarter worth $90,404,000. Vaughan Nelson Investment Management L.P. grew its stake in Coca-Cola Consolidated by 88.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 112,156 shares of the company’s stock valued at $121,689,000 after acquiring an additional 52,491 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Coca-Cola Consolidated by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 608,875 shares of the company’s stock valued at $515,358,000 after acquiring an additional 30,443 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 1.1 %

COKE opened at $1,259.92 on Friday. The company has a market capitalization of $11.04 billion, a PE ratio of 21.93 and a beta of 0.85. The firm has a 50-day simple moving average of $1,253.18 and a two-hundred day simple moving average of $1,164.98. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a 52 week low of $716.80 and a 52 week high of $1,376.84.

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. The firm had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.81% and a return on equity of 46.94%.

About Coca-Cola Consolidated

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.