Quebec Pension Fund Invests Heavily in Coca-Cola Consolidated

Caisse de depot et placement du Quebec has acquired a new stake in Coca-Cola Consolidated, Inc., purchasing 3,582,530 shares of the company's stock valued at approximately $291,152,000. This investment represents a significant position for Caisse de depot et placement du Quebec, which now owns about 5.38% of Coca-Cola Consolidated.

Other institutional investors have also modified their holdings in COKE. Vanguard Group Inc. increased its stake by 6.4% in the fourth quarter and now owns 5,686,058 shares worth $871,673,000. Several other hedge funds and institutions have also made significant investments in Coca-Cola Consolidated.

Coca-Cola Consolidated has a market capitalization of $13.08 billion and a price-to-earnings ratio of 26.07. The company reported earnings per share of $2.83 for the quarter, with revenue of $2.05 billion.