Madison Asset Management Acquires New Stake in Coca-Cola Consolidated

Madison Asset Management LLC has acquired a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to its most recent filing with the SEC.

The institutional investor acquired 30,702 shares of the company's stock valued at approximately $2,495,000.

Other hedge funds and institutional investors also increased their stakes in Coca-Cola Consolidated, including UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC, which boosted its stake by 8.7% during the first quarter.

Coca-Cola Consolidated has a market capitalization of $12.49 billion, a price-to-earnings ratio of 24.88 and a beta of 0.55.