Stocks
Coca-Cola Consolidated Attracts New Investor as Hedge Funds Pile In
Heartland Bank & Trust Co has purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) worth approximately $1.12 million. The company bought 13,815 shares of COKE's stock in the second quarter.
This is not an isolated event, as several other hedge funds have also invested in COKE. BlackRock Inc., for example, acquired a new position in COKE valued at around $26.23 billion in the same quarter.
Coca-Cola Consolidated has a market cap of $12.59 billion and a price-to-earnings ratio of 25.08. The company's stock opened at $189.10 on Friday, with a one-year high of $219.65 and a low of $110.60.