Assenagon Asset Management S.A. Sells 23,705 Shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Assenagon Asset Management S.A. lowered its holdings in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by 56.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,531 shares of the company’s stock after selling 23,705 shares during the period. Assenagon Asset Management S.A. owned approximately 0.20% of Coca-Cola Consolidated worth $17,204,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in Coca-Cola Consolidated in the fourth quarter worth about $31,757,000. First Trust Advisors LP raised its holdings in Coca-Cola Consolidated by 917.9% in the first quarter. First Trust Advisors LP now owns 52,801 shares of the company’s stock worth $28,253,000 after buying an additional 47,614 shares during the last quarter. AQR Capital Management LLC raised its holdings in Coca-Cola Consolidated by 230.5% in the fourth quarter. AQR Capital Management LLC now owns 67,411 shares of the company’s stock worth $34,539,000 after buying an additional 47,017 shares during the last quarter. Marshall Wace LLP raised its holdings in Coca-Cola Consolidated by 1,024.3% in the second quarter. Marshall Wace LLP now owns 28,074 shares of the company’s stock worth $17,856,000 after buying an additional 25,577 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Coca-Cola Consolidated by 3.5% in the third quarter. Vanguard Group Inc. now owns 580,785 shares of the company’s stock worth $369,565,000 after buying an additional 19,877 shares during the last quarter. Institutional investors own 48.24% of the company’s stock.

Coca-Cola Consolidated Stock Up 0.3 %

COKE opened at $842.18 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.56 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $850.49 and a 200-day moving average price of $779.54. Coca-Cola Consolidated, Inc. has a twelve month low of $519.14 and a twelve month high of $961.91. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 19.37 and a beta of 0.75.

Coca-Cola Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, February 21st. The company reported $13.39 earnings per share for the quarter. Coca-Cola Consolidated had a net margin of 6.14% and a return on equity of 44.12%. The firm had revenue of $1.63 billion during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Coca-Cola Consolidated from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd.

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.