Coca-Cola Bottling Co Consolidated (COKE) Upgraded at BidaskClub

BidaskClub upgraded shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) from a hold rating to a buy rating in a report released on Thursday.

A number of other research analysts have also recently commented on COKE. ValuEngine cut Coca-Cola Bottling Co Consolidated from a buy rating to a hold rating in a research note on Wednesday, January 2nd. TheStreet upgraded Coca-Cola Bottling Co Consolidated from a c rating to a b- rating in a research note on Wednesday, November 14th.

Shares of COKE traded up $9.05 during midday trading on Thursday, reaching $208.66. 28,362 shares of the company were exchanged, compared to its average volume of 35,612. The stock has a market cap of $1.80 billion, a PE ratio of 56.36 and a beta of 0.60. Coca-Cola Bottling Co Consolidated has a 1-year low of $125.08 and a 1-year high of $221.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.51 and a quick ratio of 1.10.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $2.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $1.29. The company had revenue of $1.21 billion for the quarter. Coca-Cola Bottling Co Consolidated had a return on equity of 7.06% and a net margin of 1.83%.

Several institutional investors and hedge funds have recently modified their holdings of COKE. Bank of New York Mellon Corp lifted its stake in shares of Coca-Cola Bottling Co Consolidated by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 59,571 shares of the company’s stock worth $8,050,000 after purchasing an additional 986 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Coca-Cola Bottling Co Consolidated in the second quarter worth about $148,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Coca-Cola Bottling Co Consolidated by 9.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,047 shares of the company’s stock worth $7,169,000 after acquiring an additional 4,632 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Coca-Cola Bottling Co Consolidated in the second quarter worth about $672,000. Finally, BlackRock Inc. lifted its stake in shares of Coca-Cola Bottling Co Consolidated by 10.2% in the second quarter. BlackRock Inc. now owns 666,725 shares of the company’s stock worth $90,095,000 after acquiring an additional 61,511 shares in the last quarter. Institutional investors own 37.58% of the company’s stock.

About Coca-Cola Bottling Co Consolidated

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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