Haverford Trust Co Invests Heavily in Coca-Cola Consolidated
Haverford Trust Co made a significant investment in Coca-Cola Consolidated, Inc. during the second quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,212,623 shares of the company's stock, valued at approximately $98,550,000.
This new stake represents a substantial portion of Coca-Cola Consolidated's outstanding shares, accounting for 1.82% of its total ownership as reported by Haverford Trust Co to the SEC. Other institutional investors have also made changes to their positions in COKE during various quarters, with some acquiring new stakes worth tens of thousands of dollars.
Coca-Cola Consolidated has a market capitalization of $12.59 billion and a PE ratio of 25.08. The company's stock opened at $189.10 on Friday, following its most recent earnings announcement on August 5th, which reported $2.83 EPS for the quarter.