Coca-Cola Consolidated Draws in Fiduciary Financial Advisors with New Stake

Fiduciary Financial Advisors recently purchased 7,642 shares of Coca-Cola Consolidated (NASDAQ:COKE), valued at approximately $621,000.

This is not an isolated incident, as other hedge funds have also modified their holdings of COKE in the second quarter. BlackRock Inc., for example, acquired a new stake in COKE valued at $26,229,118,000, while Mitsubishi UFJ Asset Management Co. Ltd. and GQG Partners LLC each acquired new positions worth around $1 billion.

The company's institutional investors and hedge funds own 48.24% of its stock. Coca-Cola Consolidated has a market capitalization of $12.82 billion, with a price-to-earnings ratio of 25.54 and a beta of 0.55.