Ritholtz Wealth Management Increases Stock Position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Ritholtz Wealth Management raised its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 51.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,426 shares of the company’s stock after purchasing an additional 824 shares during the quarter. Ritholtz Wealth Management’s holdings in Coca-Cola Consolidated were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in COKE. First Command Advisory Services Inc. purchased a new stake in shares of Coca-Cola Consolidated during the 3rd quarter worth approximately $38,000. Fifth Third Bancorp lifted its stake in Coca-Cola Consolidated by 163.0% in the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock valued at $45,000 after buying an additional 44 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Coca-Cola Consolidated by 34.3% in the 4th quarter. Macquarie Group Ltd. now owns 90 shares of the company’s stock valued at $46,000 after buying an additional 23 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Coca-Cola Consolidated by 100.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock valued at $47,000 after buying an additional 37 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Coca-Cola Consolidated by 5,600.0% in the 1st quarter. Covestor Ltd now owns 114 shares of the company’s stock valued at $57,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd.

Coca-Cola Consolidated Trading Up 0.5 %

COKE traded up $4.23 during trading on Thursday, hitting $846.41. The company’s stock had a trading volume of 56,558 shares, compared to its average volume of 47,712. The firm’s 50 day moving average price is $850.49 and its 200-day moving average price is $779.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27. The stock has a market cap of $7.93 billion, a PE ratio of 19.37 and a beta of 0.75. Coca-Cola Consolidated, Inc. has a twelve month low of $519.14 and a twelve month high of $961.91.

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

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.