Coca-Cola Bottling Co. Consolidated (COKE) Reaches New 52-Week High and Low at $125.56

Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) hit a new 52-week high and low during trading on Wednesday . The stock traded as low as $125.56 and last traded at $127.22, with a volume of 130400 shares trading hands. The stock had previously closed at $127.22.

COKE has been the subject of several research analyst reports. BidaskClub upgraded Coca-Cola Bottling Co. Consolidated from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 3rd. TheStreet downgraded Coca-Cola Bottling Co. Consolidated from a “b-” rating to a “c” rating in a research report on Tuesday, May 8th. Finally, ValuEngine downgraded Coca-Cola Bottling Co. Consolidated from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th.

The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 2.78. The stock has a market cap of $1.18 billion, a PE ratio of 35.23 and a beta of 0.23.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Tuesday, May 8th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($1.70). Coca-Cola Bottling Co. Consolidated had a net margin of 1.93% and a return on equity of 8.14%. The business had revenue of $1.07 billion during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Shareholders of record on Friday, April 27th were given a $0.25 dividend. The ex-dividend date was Thursday, April 26th. This represents a $1.00 annualized dividend and a yield of 0.78%.

Hedge funds have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in shares of Coca-Cola Bottling Co. Consolidated by 282.8% during the fourth quarter. LS Investment Advisors LLC now owns 689 shares of the company’s stock worth $148,000 after acquiring an additional 509 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Coca-Cola Bottling Co. Consolidated during the first quarter worth $223,000. Citadel Advisors LLC bought a new stake in shares of Coca-Cola Bottling Co. Consolidated during the first quarter worth $224,000. Jane Street Group LLC bought a new stake in shares of Coca-Cola Bottling Co. Consolidated during the fourth quarter worth $236,000. Finally, HBK Investments L P bought a new stake in shares of Coca-Cola Bottling Co. Consolidated during the fourth quarter worth $237,000. Institutional investors own 39.07% of the company’s stock.

Coca-Cola Bottling Co. Consolidated Company Profile

Coca-Cola Bottling Co Consolidated, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.

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