Coca-Cola Consolidated, Inc. $COKE Stock Sold by Reinhart Partners LLC.

Reinhart Partners LLC. trimmed its holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 40.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,304 shares of the company’s stock after selling 15,898 shares during the quarter. Reinhart Partners LLC.’s holdings in Coca-Cola Consolidated were worth $4,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Wedmont Private Capital boosted its position in Coca-Cola Consolidated by 7.6% during the 3rd quarter. Wedmont Private Capital now owns 3,246 shares of the company’s stock worth $623,000 after acquiring an additional 229 shares during the period. GAMMA Investing LLC increased its holdings in shares of Coca-Cola Consolidated by 18.8% during the third quarter. GAMMA Investing LLC now owns 1,784 shares of the company’s stock valued at $338,000 after purchasing an additional 282 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Coca-Cola Consolidated by 233.8% during the third quarter. Farther Finance Advisors LLC now owns 1,739 shares of the company’s stock valued at $329,000 after purchasing an additional 1,218 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Coca-Cola Consolidated by 3.3% during the third quarter. CoreCap Advisors LLC now owns 2,471 shares of the company’s stock valued at $468,000 after purchasing an additional 78 shares in the last quarter. Finally, Steph & Co. lifted its holdings in Coca-Cola Consolidated by 13.5% in the third quarter. Steph & Co. now owns 824 shares of the company’s stock worth $156,000 after purchasing an additional 98 shares during the period. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Consolidated Stock Performance

Shares of COKE stock opened at $196.24 on Friday. Coca-Cola Consolidated, Inc. has a 1 year low of $123.38 and a 1 year high of $219.65. The business’s fifty day moving average is $191.03 and its 200-day moving average is $187.24. The stock has a market cap of $13.06 billion, a PE ratio of 26.03 and a beta of 0.55.

Coca-Cola Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.83 earnings per share for the quarter. Coca-Cola Consolidated had a negative return on equity of 1,041.59% and a net margin of 7.15%. The business had revenue of $2.05 billion during the quarter.

Analyst Upgrades and Downgrades

COKE has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Consolidated in a research report on Monday, September 21st. Wall Street Zen downgraded shares of Coca-Cola Consolidated from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of “Buy”.

About Coca-Cola Consolidated

Coca-Cola Consolidated, Inc is the largest Coca-Cola bottler in the United States. Headquartered in Charlotte, North Carolina, the company manufactures, packages, distributes and sells a broad portfolio of nonalcoholic beverages, including Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, DASANI, smartwater, POWERADE and Topo Chico, along with other brands owned or licensed by The Coca-Cola Company and additional beverage partners.

The company serves customers across a territory covering portions of the Southeast, Mid-Atlantic and Midwest, including Alabama, Florida, Georgia, Kentucky, Maryland, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia, as well as the District of Columbia.