Coca-Cola Consolidated Sees Surge in Institutional Investor Interest

Magnolia Capital Advisors LLC has taken a significant position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) by acquiring approximately $748,000 worth of shares. The fund bought 9,202 shares during the second quarter.

This is not an isolated case; several other hedge funds and institutional investors have also increased their stakes in COKE. Biglari Capital CORP., for example, bought a new position valued at $9,752,000. Other notable investors include Ascentis Independent Advisors, Torren Management LLC, Morse Asset Management Inc., and Ballast Advisors LLC.

Coca-Cola Consolidated has a market cap of $12.91 billion, with a P/E ratio of 25.73 and beta of 0.55. The company's stock price opened at $194.02 on Thursday. Coca-Cola Consolidated reported earnings per share (EPS) of $2.83 for the quarter, with revenue of $2.05 billion.