Alexandria Capital LLC continued to hold its position in shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the second quarter, according to its most recent filing with the SEC. The firm owned 500 shares of the company’s stock at the end of the second quarter. Alexandria Capital LLC’s holdings in Coca-Cola Bottling Co. Consolidated were worth $114,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of COKE. Algert Global LLC raised its position in shares of Coca-Cola Bottling Co. Consolidated by 4.3% in the first quarter. Algert Global LLC now owns 2,442 shares of the company’s stock valued at $503,000 after buying an additional 100 shares during the last quarter. First Trust Advisors LP increased its stake in Coca-Cola Bottling Co. Consolidated by 210.8% in the first quarter. First Trust Advisors LP now owns 11,881 shares of the company’s stock valued at $2,448,000 after buying an additional 8,058 shares during the period. Great West Life Assurance Co. Can increased its stake in Coca-Cola Bottling Co. Consolidated by 964.8% in the first quarter. Great West Life Assurance Co. Can now owns 6,719 shares of the company’s stock valued at $1,383,000 after buying an additional 6,088 shares during the period. Wells Fargo & Company MN increased its stake in Coca-Cola Bottling Co. Consolidated by 23.4% in the first quarter. Wells Fargo & Company MN now owns 5,193 shares of the company’s stock valued at $1,070,000 after buying an additional 986 shares during the period. Finally, Leavell Investment Management Inc. purchased a new stake in Coca-Cola Bottling Co. Consolidated during the first quarter valued at $206,000. Institutional investors own 38.65% of the company’s stock.
Shares of Coca-Cola Bottling Co. Consolidated (COKE) opened at 210.97 on Friday. The company’s 50 day moving average price is $233.33 and its 200 day moving average price is $206.90. 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 $1.96 billion, a P/E ratio of 39.36 and a beta of 0.03.
Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last posted its earnings results on Tuesday, August 8th. The company reported $2.36 EPS for the quarter, missing the Zacks’ consensus estimate of $4.10 by $1.74. Coca-Cola Bottling Co. Consolidated had a net margin of 1.23% and a return on equity of 15.49%. The firm had revenue of $1.17 billion for the quarter. Equities research analysts forecast that Coca-Cola Bottling Co. Consolidated will post $9.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, July 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Coca-Cola Bottling Co. Consolidated’s payout ratio is 20.37%.
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Separately, BidaskClub raised Coca-Cola Bottling Co. Consolidated from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th.
Coca-Cola Bottling Co. Consolidated Company Profile
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.
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