HBK Sorce Advisory LLC Invests $5.92 Million in Coca-Cola Consolidated

HBK Sorce Advisory LLC has made a significant investment in Coca-Cola Consolidated, Inc. (NASDAQ: COKE), purchasing 68,145 shares of the company's stock for approximately $5.92 million during the second quarter.

This acquisition brings HBK Sorce Advisory LLC to own about 0.10% of Coca-Cola Consolidated as of its most recent filing with the SEC.

The investment is part of a broader trend in which several institutional investors have increased their stakes in COKE, including UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC, which boosted its position by 8.7% during the first quarter, and Marshall Wace LLP, which lifted its position by 5,152.8% in the second quarter.

Coca-Cola Consolidated's stock price has fluctuated over the past year, ranging from a low of $110.60 to a high of $219.65, with a current market capitalization of $12.59 billion and a PE ratio of 25.08.