Coca-Cola Bottling Co. Consolidated (COKE) Stake Held by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. maintained its stake in shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,420 shares of the company’s stock at the end of the first quarter. UBS Asset Management Americas Inc.’s holdings in Coca-Cola Bottling Co. Consolidated were worth $293,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at $105,000. Profund Advisors LLC bought a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at $201,000. Capstone Asset Management Co. bought a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at $204,000. Leavell Investment Management Inc. bought a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at $206,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 115.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,129 shares of the company’s stock valued at $233,000 after buying an additional 605 shares during the last quarter. 38.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Coca-Cola Bottling Co. Consolidated (COKE) traded down 14.690% during midday trading on Wednesday, reaching $206.835. 148,345 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $234.40 and a 200 day moving average price of $205.23. Coca-Cola Bottling Co. Consolidated has a 12 month low of $125.00 and a 12 month high of $249.54. The firm has a market cap of $1.93 billion, a PE ratio of 35.098 and a beta of 0.03.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last announced its earnings results on Tuesday, August 8th. The company reported $2.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.10 by $1.74. Coca-Cola Bottling Co. Consolidated had a net margin of 1.62% and a return on equity of 14.95%. The firm had revenue of $1.17 billion during the quarter. Equities research analysts predict that Coca-Cola Bottling Co. Consolidated will post $9.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, July 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Wednesday, July 26th. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio is currently 16.95%.

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Separately, BidaskClub upgraded Coca-Cola Bottling Co. Consolidated from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th.

About Coca-Cola Bottling Co. Consolidated

Coca-Cola Bottling Co Consolidated produces, markets and distributes nonalcoholic beverages. The Company is an independent Coca-Cola bottler in the United States. The Company’s segments include Nonalcoholic Beverages and All Other. Majority of its total bottle/can volume to retail customers consist of products of The Coca-Cola Company.