Ritholtz Wealth Management Has $2.25 Million Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Ritholtz Wealth Management boosted its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 51.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,426 shares of the company’s stock after acquiring an additional 824 shares during the quarter. Ritholtz Wealth Management’s holdings in Coca-Cola Consolidated were worth $2,253,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. First Command Advisory Services Inc. acquired a new position in Coca-Cola Consolidated in the third quarter valued at approximately $38,000. Fifth Third Bancorp lifted its holdings in Coca-Cola Consolidated by 163.0% in the third quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock valued at $45,000 after buying an additional 44 shares during the period. Sunbelt Securities Inc. raised its holdings in Coca-Cola Consolidated by 100.0% in the third quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock worth $47,000 after purchasing an additional 37 shares during the period. Macquarie Group Ltd. raised its holdings in Coca-Cola Consolidated by 34.3% in the fourth quarter. Macquarie Group Ltd. now owns 90 shares of the company’s stock worth $46,000 after purchasing an additional 23 shares during the period. Finally, Covestor Ltd raised its holdings in Coca-Cola Consolidated by 5,600.0% in the first quarter. Covestor Ltd now owns 114 shares of the company’s stock worth $57,000 after purchasing an additional 112 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Coca-Cola Consolidated Stock Up 0.5 %

Shares of COKE stock traded up $4.23 during trading hours on Thursday, hitting $846.41. 56,558 shares of the company were exchanged, compared to its average volume of 47,712. The business has a 50 day moving average of $850.49 and a two-hundred day moving average of $779.54. 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, Inc. has a 52 week low of $519.14 and a 52 week high of $961.91. The company has a market capitalization of $7.93 billion, a PE ratio of 19.37 and a beta of 0.75.

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

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.