California State Teachers Retirement System Cuts Holdings in Coca-Cola Bottling Co Consolidated (COKE)

California State Teachers Retirement System lessened its stake in shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) by 9.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,610 shares of the company’s stock after selling 777 shares during the period. California State Teachers Retirement System owned about 0.08% of Coca-Cola Bottling Co Consolidated worth $1,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Quadrant L P CA bought a new position in Coca-Cola Bottling Co Consolidated during the third quarter worth about $108,000. Royal Bank of Canada boosted its position in Coca-Cola Bottling Co Consolidated by 15.2% during the second quarter. Royal Bank of Canada now owns 530 shares of the company’s stock worth $122,000 after purchasing an additional 70 shares during the period. Pinebridge Investments L.P. boosted its position in Coca-Cola Bottling Co Consolidated by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 612 shares of the company’s stock worth $140,000 after purchasing an additional 6 shares during the period. Quantbot Technologies LP bought a new position in Coca-Cola Bottling Co Consolidated during the third quarter worth about $134,000. Finally, Piedmont Investment Advisors LLC bought a new position in Coca-Cola Bottling Co Consolidated during the second quarter worth about $230,000. Institutional investors and hedge funds own 37.65% of the company’s stock.

Shares of Coca-Cola Bottling Co Consolidated (NASDAQ COKE) traded down $1.32 during trading hours on Monday, reaching $180.97. 63,537 shares of the company’s stock were exchanged, compared to its average volume of 57,070. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.61 and a quick ratio of 1.28. The company has a market capitalization of $1,701.31, a price-to-earnings ratio of 42.18 and a beta of -0.01. Coca-Cola Bottling Co Consolidated has a 12-month low of $170.93 and a 12-month high of $249.54.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 26th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 25th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Coca-Cola Bottling Co Consolidated’s dividend payout ratio is presently 23.31%.

Separately, BidaskClub lowered shares of Coca-Cola Bottling Co Consolidated from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th.

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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.

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

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