Coca-Cola Bottling Co. Consolidated (COKE) Stake Lowered by Profund Advisors LLC

Profund Advisors LLC lowered its holdings in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 921 shares of the company’s stock after selling 53 shares during the period. Profund Advisors LLC’s holdings in Coca-Cola Bottling Co. Consolidated were worth $211,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in COKE. State of Alaska Department of Revenue grew its position in shares of Coca-Cola Bottling Co. Consolidated by 80.6% in the second quarter. State of Alaska Department of Revenue now owns 921 shares of the company’s stock valued at $210,000 after purchasing an additional 411 shares during the period. Mason Street Advisors LLC purchased a new stake in shares of Coca-Cola Bottling Co. Consolidated in the first quarter valued at $224,000. BNP Paribas Arbitrage SA grew 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 purchasing an additional 605 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Coca-Cola Bottling Co. Consolidated in the second quarter valued at $252,000. Finally, UBS Group AG grew its position in shares of Coca-Cola Bottling Co. Consolidated by 16.7% in the first quarter. UBS Group AG now owns 1,283 shares of the company’s stock valued at $265,000 after purchasing an additional 184 shares during the period. 37.33% of the stock is owned by institutional investors and hedge funds.

Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) opened at 225.30 on Friday. The stock has a 50 day moving average price of $214.48 and a 200-day moving average price of $218.34. The stock has a market cap of $2.10 billion, a P/E ratio of 46.03 and a beta of 0.06. Coca-Cola Bottling Co. Consolidated has a 12 month low of $125.00 and a 12 month high of $249.54.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last released its earnings results on Tuesday, August 8th. The company reported $2.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.10 by ($1.74). The business had revenue of $1.17 billion during the quarter. Coca-Cola Bottling Co. Consolidated had a net margin of 1.23% and a return on equity of 15.49%. On average, analysts forecast that Coca-Cola Bottling Co. Consolidated will post $8.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 27th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Coca-Cola Bottling Co. Consolidated’s payout ratio is currently 20.37%.

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

Coca-Cola Bottling Co. Consolidated 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)

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