Coca-Cola Consolidated Sees Increased Institutional Investment
Coca-Cola Consolidated, Inc. (NASDAQ:COKE) has seen its stock acquired by WNY Asset Management LLC in the first quarter. The firm purchased a total of 6,353 shares, valued at approximately $1.22 million.
This is not an isolated incident, as other institutional investors have also made adjustments to their holdings of Coca-Cola Consolidated's stock. For example, Newbridge Financial Services Group Inc. boosted its stake in the company by a staggering 900% during the second quarter, bringing its total holdings to 230 shares valued at $26,000.
The acquisition by WNY Asset Management LLC is part of a larger trend of institutional investors increasing their exposure to Coca-Cola Consolidated's stock. As of now, hedge funds and other institutional investors own approximately 48% of the company's stock.