Retirement Systems of Alabama Has $18.34 Million Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Retirement Systems of Alabama reduced its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,929 shares of the company’s stock after selling 157 shares during the quarter. Retirement Systems of Alabama owned approximately 0.16% of Coca-Cola Consolidated worth $18,336,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Millennium Management LLC boosted its position in Coca-Cola Consolidated by 1,308.6% during the second 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 during the period. State Street Corp raised its position in shares of Coca-Cola Consolidated by 18.4% in the third quarter. State Street Corp now owns 172,409 shares of the company’s stock valued at $226,959,000 after purchasing an additional 26,752 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Coca-Cola Consolidated by 74,390.2% during the 3rd 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coca-Cola Consolidated by 16.3% during the 3rd quarter. Geode Capital Management LLC now owns 124,456 shares of the company’s stock worth $163,868,000 after buying an additional 17,408 shares during the period. Finally, Wallace Capital Management Inc. acquired a new position in Coca-Cola Consolidated in the 2nd quarter valued at about $90,404,000. 48.24% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Consolidated Trading Down 0.9 %

Shares of NASDAQ:COKE opened at $1,269.74 on Friday. The stock has a market cap of $11.12 billion, a PE ratio of 22.10 and a beta of 0.88. 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 12-month low of $800.76 and a 12-month high of $1,376.84. The business has a 50 day moving average of $1,255.31 and a 200-day moving average of $1,203.92.

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

Coca-Cola Consolidated Company 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.