Baxter Bros Inc Takes a Bite out of Coca-Cola Consolidated

Baxter Bros Inc acquired a new stake in Coca-Cola Consolidated during the second quarter, according to its SEC filing. The institutional investor bought approximately $7.4 million worth of COKE shares at $81 each.

This is not an isolated incident; other hedge funds have also been active in buying and selling COKE stock in recent quarters. Vanguard Group Inc boosted its holdings by 6.4% in Q4, while Horizon Investments LLC increased its stake by a staggering 1,655,666.7%. Vest Financial LLC saw a 60.8% rise in its COKE holdings during the same period.

The market capitalization of Coca-Cola Consolidated stands at $12.59 billion, with a P/E ratio of 25.08 and a beta of 0.55. The company's stock has been trading within a relatively narrow range over the past year, between $110.60 and $219.65.