California Teachers Retirement System Doubles Down on Coca-Cola Consolidated

The California State Teachers Retirement System has significantly increased its stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE). According to a recent SEC filing, the firm boosted its position by 18,902.4% in the second quarter, purchasing an additional 11,231,400 shares of the company's stock.

This acquisition brings the California State Teachers Retirement System's total holdings to 11,290,818 shares, representing about 16.96% of Coca-Cola Consolidated worth $2,155,643,000 at the end of the most recent reporting period.

The company has a market cap of $12.82 billion, with a P/E ratio of 25.55 and a beta of 0.56. Coca-Cola Consolidated's stock performance indicates that shares opened at $192.61 on Friday, with a 50-day moving average of $187.03 and a 200-day moving average of $189.05.