Focus Partners Bets Big on Coca-Cola Consolidated
Focus Partners Advisor Solutions LLC has acquired a new stake in Coca-Cola Consolidated (NASDAQ: COKE) shares during the second quarter. The fund bought approximately $5,118,000 worth of stock, with 62,971 shares valued at around that amount.
The investment is significant, representing about 0.09% of the company's total shares outstanding as of its most recent SEC filing. This isn't an isolated instance; several other institutional investors have also made similar moves in the past quarter.
Newbridge Financial Services Group Inc., for example, increased its stake by a staggering 900% during the second quarter. The fund now owns 230 shares worth about $26,000 after acquiring an additional 207 shares. Similarly, Geneos Wealth Management Inc. boosted its holding by 900%, owning 250 shares valued at $28,000.
Rakuten Securities Inc. also made a notable increase, boosting its holdings in Coca-Cola Consolidated by 1,646.7% during the second quarter. The fund now owns 262 shares worth around $29,000 after acquiring an additional 247 shares.