GQG Partners Ties Up Massive Stake in Coca-Cola Consolidated

GQG Partners LLC, a financial institution, has acquired a significant position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE), investing approximately $1.49 billion in the company's stock.

The firm acquired 18,389,277 shares of COKE during the second quarter, as disclosed in its most recent Form 13F filing with the Securities and Exchange Commission.

This investment represents about 2.8% of GQG Partners LLC's portfolio, making COKE their 11th largest position, and accounts for around 27.63% of Coca-Cola Consolidated's outstanding shares.