TrinityBridge Ltd Buys into Coca-Cola Consolidated
TrinityBridge Ltd, a financial institution, has taken a new position in Coca-Cola Consolidated Inc (COKE), according to its most recent filing with the Securities and Exchange Commission. The company purchased 235,742 shares of COKE's stock during the second quarter, valued at approximately $19,151,000.
This is not the only institutional investor that has recently modified their holdings in COKE. Several other investors have also bought new positions or increased their existing stakes in the company. For example, Newbridge Financial Services Group Inc boosted its stake by 900% during the second quarter, while Geneos Wealth Management Inc also increased its stake by 900%.
COKE's stock opened at $187.60 on Friday and has a market capitalization of $12.49 billion. The company reported earnings per share of $2.83 for the quarter, with revenue of $2.05 billion. COKE also recently disclosed a quarterly dividend, which was paid on August 7th to investors who held shares as of July 24th.
Wall Street analysts have weighed in on COKE's stock, with one analyst downgrading their rating from 'buy' to 'hold'. However, overall the company has a consensus rating of 'Buy' among analysts.