Redwood Buys New Stakes in Coca-Cola Consolidated

Redwood Investment Management LLC has acquired new holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to a recent disclosure with the Securities & Exchange Commission.

The institutional investor purchased 6,056 shares of the company's stock, valued at approximately $1,156,000. This purchase is not an isolated incident, as several other hedge funds have also made significant investments in Coca-Cola Consolidated during the same period.

Bessemer Group Inc., for example, lifted its holdings in COKE by 19.1% in the first quarter, while Beacon Pointe Advisors LLC boosted its position by 2.6% in the fourth quarter. Wealthfront Advisers LLC increased its holdings by 4.1% in the first quarter, and UMB Bank n.a. purchased an additional 78 shares in the fourth quarter.