Varma Mutual Pension Insurance Co Buys into Coca-Cola Consolidated
Varma Mutual Pension Insurance Co has acquired new holdings in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) during the second quarter, according to a recent disclosure with the Securities and Exchange Commission.
The institutional investor bought 662,576 shares of the company's stock, valued at approximately $53,848,000.
This represents a significant investment in Coca-Cola Consolidated, which is the largest independent bottler of Coca-Cola products in the United States. The company operates across 14 states and the District of Columbia, offering a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company.
Other institutional investors have also shown interest in Coca-Cola Consolidated, including BlackRock Inc., Mitsubishi UFJ Asset Management Co. Ltd., Deutsche Bank AG, Vanguard Group Inc., and B. Metzler seel. Sohn & Co. AG, among others.