Bancorp Invests Heavily in Coca-Cola Consolidated

First Bancorp Inc ME has invested in shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE), acquiring 9,495 shares worth approximately $772,000 during the second quarter.

This is not an isolated instance, as other large investors have also recently modified their holdings of COKE. Biglari Capital CORP., for example, bought a new position in Coca-Cola Consolidated in the 2nd quarter worth around $9,752,000.

Hedge funds and other institutional investors own approximately 48.24% of the company's stock. Analysts have set new price targets for COKE, with some expressing optimism about its future performance.