Manufacturers Life Insurance Acquires Stake in Coca-Cola Consolidated

The Manufacturers Life Insurance Company has acquired a new stake in shares of Coca-Cola Consolidated Inc (NASDAQ:COKE) in the second quarter, according to a recent disclosure with the Securities and Exchange Commission. The company acquired 2,072,126 shares of COKE's stock, valued at approximately $168,402,000. This acquisition represents around 3.11% of Coca-Cola Consolidated's outstanding shares.

Newbridge Financial Services Group Inc increased its stake in Coca-Cola Consolidated by a significant 900% in the second quarter. Geneos Wealth Management Inc also increased its stake by 900%. Quarry LP bought a new position in Coca-Cola Consolidated in the third quarter, valued at $25,000. Advisory Services Network LLC purchased a new stake in shares of COKE worth $25,000.

Coca-Cola Consolidated is the largest independent bottler of Coca-Cola products in the United States. The company manufactures and distributes a range of beverages, including sparkling and still drinks under exclusive agreements with The Coca-Cola Company.