M&T Bank Corp Invests $220,000 in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

M&T Bank Corp bought a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 167 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in Coca-Cola Consolidated by 15.3% during the second quarter. Signaturefd LLC now owns 68 shares of the company’s stock valued at $74,000 after buying an additional 9 shares during the period. UMB Bank n.a. boosted its stake in Coca-Cola Consolidated by 41.9% during 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 in the last quarter. Bank of Montreal Can grew its holdings in Coca-Cola Consolidated by 1.8% in the second quarter. Bank of Montreal Can now owns 1,028 shares of the company’s stock worth $1,120,000 after purchasing an additional 18 shares during the period. GAMMA Investing LLC increased its stake in shares of Coca-Cola Consolidated by 39.1% during the third quarter. GAMMA Investing LLC now owns 89 shares of the company’s stock valued at $117,000 after purchasing an additional 25 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Coca-Cola Consolidated by 1.8% during the second quarter. Atria Wealth Solutions Inc. now owns 1,489 shares of the company’s stock valued at $1,616,000 after purchasing an additional 26 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Stock Performance

Coca-Cola Consolidated stock opened at $1,221.67 on Friday. Coca-Cola Consolidated, Inc. has a twelve month low of $800.76 and a twelve month high of $1,376.84. The company has a quick ratio of 2.15, a current ratio of 2.47 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $10.70 billion, a P/E ratio of 21.26 and a beta of 0.88. The stock’s 50 day moving average is $1,252.74 and its 200 day moving average is $1,209.46.

Coca-Cola Consolidated (NASDAQ:COKE) last issued its earnings results on Wednesday, October 30th. The company reported $18.81 earnings per share (EPS) 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.

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.