Cynosure Group LLC Cuts Holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Cynosure Group LLC decreased its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 25.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279 shares of the company’s stock after selling 97 shares during the period. Cynosure Group LLC’s holdings in Coca-Cola Consolidated were worth $367,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Coca-Cola Consolidated in the 3rd quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Coca-Cola Consolidated by 102.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 69 shares of the company’s stock valued at $57,000 after acquiring an additional 35 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Coca-Cola Consolidated by 41.9% in the third quarter. UMB Bank n.a. now owns 44 shares of the company’s stock worth $58,000 after acquiring an additional 13 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Coca-Cola Consolidated during the second quarter valued at approximately $62,000. Finally, GAMMA Investing LLC lifted its position in Coca-Cola Consolidated by 137.0% during the second quarter. GAMMA Investing LLC now owns 64 shares of the company’s stock valued at $69,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 2.4 %

Shares of COKE stock opened at $1,312.40 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.15 and a debt-to-equity ratio of 1.39. Coca-Cola Consolidated, Inc. has a 12-month low of $716.80 and a 12-month high of $1,376.84. The stock has a market capitalization of $11.50 billion, a P/E ratio of 22.84 and a beta of 0.85. The firm’s 50 day moving average is $1,255.43 and its 200 day moving average is $1,176.66.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) for the quarter. The firm had revenue of $1.77 billion for the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

Coca-Cola Consolidated 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.