Accel Wealth Management Makes New Investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE)

Accel Wealth Management purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 218 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new stake in shares of Coca-Cola Consolidated during the 3rd quarter valued at about $38,000. Fifth Third Bancorp lifted its holdings in Coca-Cola Consolidated by 163.0% during the 3rd quarter. Fifth Third Bancorp now owns 71 shares of the company’s stock valued at $45,000 after purchasing an additional 44 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Coca-Cola Consolidated by 34.3% during the 4th quarter. Macquarie Group Ltd. now owns 90 shares of the company’s stock valued at $46,000 after purchasing an additional 23 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Coca-Cola Consolidated by 100.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 74 shares of the company’s stock valued at $47,000 after purchasing an additional 37 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Coca-Cola Consolidated by 5,600.0% during the 1st quarter. Covestor Ltd now owns 114 shares of the company’s stock valued at $57,000 after purchasing an additional 112 shares during the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 Stock Performance

NASDAQ COKE traded up $4.23 on Thursday, hitting $846.41. 56,558 shares of the stock were exchanged, compared to its average volume of 47,712. The company has a market capitalization of $7.93 billion, a PE ratio of 19.37 and a beta of 0.75. The business’s fifty day moving average is $850.49 and its 200 day moving average is $779.54. Coca-Cola Consolidated, Inc. has a 52 week low of $519.14 and a 52 week high of $961.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.56 and a quick ratio of 1.27.

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

Coca-Cola Consolidated 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.