Royal Capital Buys Coca-Cola Consolidated Stock Worth Over $1.16 Million
Royal Capital Wealth Management LLC has acquired shares of Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to its recent filing with the Securities and Exchange Commission.
The institutional investor bought a new stake in shares of the company's stock, valued at approximately $1,161,000. This represents about 0.7% of Royal Capital Wealth Management LLC's portfolio, making Coca-Cola Consolidated its 28th biggest holding.
Other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Coca-Cola Consolidated by 6.4% during the fourth quarter and now owns 5,686,058 shares worth $871,673,000 after buying an additional 341,374 shares.
Coca-Cola Consolidated's operations span 14 states and the District of Columbia across the Southeastern, South Central, and Mid-Atlantic regions. The company reported $2.83 earnings per share for the quarter, with revenue of $2.05 billion.