Bank of America Corp DE Buys 4,446 Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)

Bank of America Corp DE raised its stake in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) by 14.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,558 shares of the company’s stock after buying an additional 4,446 shares during the period. Bank of America Corp DE owned approximately 0.38% of Coca-Cola Bottling Co. Consolidated worth $7,326,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Coca-Cola Bottling Co. Consolidated by 124,691.4% in the first quarter. BlackRock Inc. now owns 562,809 shares of the company’s stock valued at $115,950,000 after buying an additional 562,358 shares during the period. Vanguard Group Inc. increased its stake in shares of Coca-Cola Bottling Co. Consolidated by 16.1% in the first quarter. Vanguard Group Inc. now owns 427,250 shares of the company’s stock valued at $88,022,000 after buying an additional 59,167 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Coca-Cola Bottling Co. Consolidated by 123.9% in the first quarter. Bank of New York Mellon Corp now owns 64,054 shares of the company’s stock valued at $13,197,000 after buying an additional 35,448 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at about $7,268,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Coca-Cola Bottling Co. Consolidated by 103.5% in the first quarter. Ameriprise Financial Inc. now owns 47,381 shares of the company’s stock valued at $9,761,000 after buying an additional 24,099 shares during the period. Institutional investors own 38.65% of the company’s stock.

Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) opened at 208.81 on Friday. The company has a market capitalization of $1.95 billion, a P/E ratio of 42.66 and a beta of 0.03. Coca-Cola Bottling Co. Consolidated has a one year low of $125.00 and a one year high of $249.54. The firm has a 50 day moving average price of $232.64 and a 200 day moving average price of $207.20.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $2.36 EPS for the quarter, missing the 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 during the quarter. On average, equities research analysts predict that Coca-Cola Bottling Co. Consolidated will post $9.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Friday, July 28th were paid a $0.25 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $1.00 annualized dividend and a yield of 0.48%. Coca-Cola Bottling Co. Consolidated’s payout ratio is 20.37%.

ILLEGAL ACTIVITY NOTICE: “Bank of America Corp DE Buys 4,446 Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)” was published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://transcriptdaily.com/2017/08/13/bank-of-america-corp-de-raises-stake-in-coca-cola-bottling-co-consolidated-nasdaqcoke-updated-updated.html.

Separately, BidaskClub downgraded Coca-Cola Bottling Co. Consolidated from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.

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.

Institutional Ownership by Quarter for Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)

Receive News & Ratings for Coca-Cola Bottling Co. Consolidated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Bottling Co. Consolidated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply