Coca-Cola Consolidated Sees Increased Institutional Investment

Davis Asset Management L.P. has acquired a new stake in Coca-Cola Consolidated, Inc., purchasing 25,000 shares of the company's stock for approximately $2,032,000.

This is not the only institutional investor to have purchased shares of COKE recently; BlackRock Inc., Mitsubishi UFJ Asset Management Co. Ltd., GQG Partners LLC, and Deutsche Bank AG all acquired new stakes in the second quarter, valued at a total of over $30 billion.

Coca-Cola Consolidated's latest earnings report showed revenue of $2.05 billion for the quarter, with a net margin of 7.15% and a negative return on equity of 1,041.59%. The company has a market cap of $12.59 billion and a PE ratio of 25.08.