Mitsubishi Invests $1.59 Billion in Coca-Cola Consolidated
Mitsubishi UFJ Asset Management Co. Ltd. made a significant investment in Coca-Cola Consolidated, Inc., buying 19,581,969 shares of the company's stock worth approximately $1,591,427,000 in the second quarter.
This purchase was disclosed in the company's most recent Form 13F filing with the Securities and Exchange Commission. The investment portfolio of Mitsubishi UFJ Asset Management Co. Ltd. now includes Coca-Cola Consolidated as its 17th biggest position, making up approximately 0.9% of its total investments.
Coca-Cola Consolidated has a market cap of $12.59 billion and a PE ratio of 25.08. The company's stock opened at $189.11 on Monday and has a 50-day simple moving average of $184.81 and a 200-day simple moving average of $184.70.
Mitsubishi UFJ Asset Management Co. Ltd. owned 29.42% of Coca-Cola Consolidated as of its most recent filing with the Securities and Exchange Commission, making it one of the largest shareholders in the company.