Bantamac Capital Takes Stake in Coca-Cola Consolidated

Bantamac Capital LLC has purchased a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE), valued at approximately $569,000. The company acquired 7,000 shares during the second quarter.

This is not the only recent investment in COKE by institutional investors. BlackRock Inc., Mitsubishi UFJ Asset Management Co. Ltd., Deutsche Bank AG, Vanguard Group Inc., and Boston Partners have also purchased positions in the company. In total, institutional investors own 48.24% of Coca-Cola Consolidated's stock.

Coca-Cola Consolidated is the largest independent bottler of Coca-Cola products in the United States. The company has a market capitalization of $12.44 billion and a PE ratio of 24.78.