Coca-Cola Bottling Co Consolidated (COKE) Downgraded by BidaskClub

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

Coca-Cola Bottling Co Consolidated (NASDAQ COKE) traded down $1.22 during mid-day trading on Thursday, hitting $203.96. 63,000 shares of the stock traded hands, compared to its average volume of 56,369. The stock has a market capitalization of $1,920.00, a P/E ratio of 60.88 and a beta of 0.03. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.61 and a quick ratio of 1.28. Coca-Cola Bottling Co Consolidated has a 1 year low of $162.30 and a 1 year high of $249.54.

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its stake in Coca-Cola Bottling Co Consolidated by 15.2% during the third quarter. California Public Employees Retirement System now owns 6,451 shares of the company’s stock valued at $1,392,000 after purchasing an additional 851 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Coca-Cola Bottling Co Consolidated by 72.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,664 shares of the company’s stock valued at $360,000 after purchasing an additional 701 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in Coca-Cola Bottling Co Consolidated by 11.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 24,761 shares of the company’s stock valued at $5,341,000 after purchasing an additional 2,600 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its stake in Coca-Cola Bottling Co Consolidated by 33.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 99,680 shares of the company’s stock valued at $21,506,000 after purchasing an additional 25,115 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Coca-Cola Bottling Co Consolidated by 10.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 45,984 shares of the company’s stock valued at $9,922,000 after purchasing an additional 4,275 shares in the last quarter. 37.67% of the stock is currently owned by institutional investors.

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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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