Retirement Systems of Alabama Discloses New Position in Coca-Cola Consolidated, Inc.
According to a recent Form 13F filing submitted to the SEC, Retirement Systems of Alabama disclosed a noteworthy new position in Coca-Cola Consolidated, Inc. (NASDAQ: COKE) stock. Here’s what you need to know about Coca-Cola Consolidated, Inc., as well as Retirement Systems of Alabama’s position in shares of COKE stock:
Retirement Systems of Alabama
The Retirement Systems of Alabama inlcudes the Teachers Retirement System, Employees Retirement System, Judicial Retirement Fund, and other pension and benefit funds in Alabama, with over $21 billion in managed 13F securities. The Retirement Systems of Alabama serves the interests of its members by preserving the excellent benefits and soundness of the systems at the least expense to the state of Alabama and all Alabama taxpayers. You can learn more about Retirement Systems of Alabama on their website here.
Retirement Systems of Alabama’s New Position in COKE Stock
According to the most recent 13F filing from Retirement Systems of Alabama, the institutional investment manager added a meaningful position in Coca-Cola Consolidated, Inc. (NASDAQ: COKE), with 17,927 shares, which represents approximately 0.1912% of the 9,373,690 total COKE shares outstanding. Based on COKE’s last closing price of $465.95 per share, Retirement Systems of Alabama’s stake in COKE is worth approximately $8,353,085.65, assuming no change in the position size. If you’re not very familiar with Coca-Cola Consolidated, Inc., learn more below.
Coca-Cola Consolidated, Inc. (NASDAQ: COKE)
Coca-Cola Consolidated, Inc., together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks. It also sells its products to other Coca-Cola bottlers; and post-mix products that are dispensed through equipment, which mixes the fountain syrup with carbonated or still water enabling fountain retailers to sell finished products to consumers in cups or glasses. In addition, the company distributes products for various other beverage brands that include Dr Pepper and Monster Energy. It sells and distributes its products directly to grocery stores, mass merchandise stores, club stores, convenience stores, and drug stores; and restaurants, schools, amusement parks, and recreational facilities, as well as through vending machine outlets. The company has a strategic alliance with EspriGas. The company was formerly known as Coca-Cola Bottling Co. Consolidated and changed its name to Coca-Cola Consolidated, Inc. in January 2019. Coca-Cola Consolidated, Inc. was incorporated in 1980 and is headquartered in Charlotte, North Carolina.
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