Cetera Trust Invests Heavily in Coca-Cola Consolidated

Cetera Trust Company N.A has made a significant investment in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by purchasing 30,896 shares of the company's stock for approximately $2.51 million during the second quarter.

This new stake accounts for about 1.3% of Cetera Trust Company N.A's investment portfolio and makes Coca-Cola Consolidated its 20th largest holding.

Coca-Cola Consolidated has a market capitalization of over $12.8 billion, a price-to-earnings ratio of 25.54, and a beta of 0.55. The company's stock opened at $192.60 on Tuesday and has a 50-day simple moving average of $185.14.

Coca-Cola Consolidated reported earnings per share (EPS) of $2.83 for the quarter and had revenue of $2.05 billion during that period.