Archer Investment Corp Buys Coca-Cola Consolidated Stock Worth Over $937K
Archer Investment Corp has acquired 11,528 shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, valued at approximately $937,000, according to the company's most recent 13F filing with the Securities and Exchange Commission.
This is not Archer Investment Corp's only purchase in COKE; it also bought a new position in shares of the company during the third quarter worth $25,000. Other institutional investors have made similar moves, with Quarry LP acquiring a new position in shares of COKE during the third quarter worth $25,000 and Advisory Services Network LLC buying a new position in shares of COKE valued at $25,000.
J.Safra Asset Management Corp acquired a new stake in shares of COKE during the second quarter valued at $26,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of COKE by 900.0% during the 2nd quarter. Geneos Wealth Management Inc. raised its position in COKE by 900.0% in the second quarter.
Coca-Cola Consolidated has a market cap of $13.21 billion, a PE ratio of 26.32 and a beta of 0.55. The stock's 50-day simple moving average is $186.16 and its two-hundred day simple moving average is $187.19.