Teachers Retirement System of The State of Kentucky Cuts Stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,580 shares of the company’s stock after selling 40 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Coca-Cola Consolidated were worth $2,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. purchased a new stake in Coca-Cola Consolidated in the second quarter valued at about $102,000. Summit Global Investments purchased a new position in shares of Coca-Cola Consolidated in the 2nd quarter valued at approximately $1,505,000. Atria Wealth Solutions Inc. boosted its stake in Coca-Cola Consolidated by 1.8% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 1,489 shares of the company’s stock worth $1,616,000 after purchasing an additional 26 shares in the last quarter. KG&L Capital Management LLC grew its position in Coca-Cola Consolidated by 7.4% during the 2nd quarter. KG&L Capital Management LLC now owns 736 shares of the company’s stock worth $799,000 after purchasing an additional 51 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its stake in Coca-Cola Consolidated by 18.0% during the 2nd quarter. Hennessy Advisors Inc. now owns 43,956 shares of the company’s stock valued at $47,692,000 after purchasing an additional 6,700 shares in the last quarter. Hedge funds and other institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Trading Down 0.3 %

NASDAQ:COKE opened at $1,266.23 on Tuesday. The company has a market capitalization of $11.09 billion, a P/E ratio of 22.04 and a beta of 0.88. 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 $800.76 and a 12 month high of $1,376.84. The firm has a fifty day simple moving average of $1,255.49 and a 200-day simple moving average of $1,207.46.

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. The company had revenue of $1.77 billion during the quarter. Coca-Cola Consolidated had a return on equity of 46.94% and a net margin of 7.81%.

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.