Coca-Cola Bottling Co Consolidated (COKE) Cut to “Strong Sell” at BidaskClub

BidaskClub lowered shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) from a sell rating to a strong sell rating in a report released on Thursday, January 11th.

Shares of Coca-Cola Bottling Co Consolidated (COKE) traded down $3.60 during trading hours on Thursday, hitting $199.24. The stock had a trading volume of 93,347 shares, compared to its average volume of 54,389. Coca-Cola Bottling Co Consolidated has a one year low of $169.50 and a one year high of $249.54. The firm has a market cap of $1,830.00, a price-to-earnings ratio of 59.47 and a beta of -0.01. 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 (NASDAQ:COKE) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.85 EPS for the quarter. The company had revenue of $1.16 billion for the quarter. Coca-Cola Bottling Co Consolidated had a net margin of 0.99% and a return on equity of 13.67%.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. Coca-Cola Bottling Co Consolidated’s dividend payout ratio (DPR) is presently 29.85%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Alambic Investment Management L.P. purchased a new position in shares of Coca-Cola Bottling Co Consolidated in the fourth quarter valued at approximately $988,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Coca-Cola Bottling Co Consolidated by 4.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 47,830 shares of the company’s stock worth $10,296,000 after purchasing an additional 1,846 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Coca-Cola Bottling Co Consolidated by 15.2% during the 3rd quarter. California Public Employees Retirement System now owns 6,451 shares of the company’s stock worth $1,392,000 after purchasing an additional 851 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Coca-Cola Bottling Co Consolidated by 72.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,664 shares of the company’s stock worth $360,000 after purchasing an additional 701 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in shares of Coca-Cola Bottling Co Consolidated by 11.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 24,761 shares of the company’s stock worth $5,341,000 after buying an additional 2,600 shares during the period. Institutional investors and hedge funds own 37.64% of the company’s stock.

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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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