Korea Investment CORP Bets Big on Coca-Cola Consolidated

Korea Investment CORP has bought a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE), according to its latest SEC filing. The firm purchased 2,463,048 shares of the company's stock, valued at approximately $200,172,000.

This is not the only investment made by Korea Investment CORP in the second quarter. Other investors have also added to or reduced their stakes in Coca-Cola Consolidated. Quarry LP bought a new position in the company worth $25,000, while Advisory Services Network LLC and J.Safra Asset Management Corp purchased new positions valued at about $25,000 and $26,000 respectively.

Coca-Cola Consolidated's stock has been performing well, with shares opening at $189.10 on Friday. The company has a market capitalization of $12.59 billion and a price-to-earnings ratio of 25.08.