Mystic Asset Management Buys Stake in Coca-Cola Consolidated
Mystic Asset Management Inc. has purchased a new stake in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) worth approximately $1.35 million, according to its most recent 13F filing with the Securities & Exchange Commission.
The firm bought 16,653 shares of COKE's stock during the second quarter.
This investment is part of a larger trend in which other institutional investors and hedge funds have also acquired stakes in Coca-Cola Consolidated. Quarry LP, Advisory Services Network LLC, J.Safra Asset Management Corp, Newbridge Financial Services Group Inc., and Geneos Wealth Management Inc. all purchased new positions or increased their existing holdings in the company.
Coca-Cola Consolidated has a market capitalization of $12.49 billion and a price-to-earnings ratio of 24.88.