Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) Stake Lowered by State of Tennessee Treasury Department

State of Tennessee Treasury Department cut its holdings in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,672 shares of the company’s stock after selling 400 shares during the period. State of Tennessee Treasury Department’s holdings in Coca-Cola Bottling Co. Consolidated were worth $790,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of COKE. Royal Bank of Canada lifted its stake in Coca-Cola Bottling Co. Consolidated by 15.2% in 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 last quarter. Quantbot Technologies LP bought a new stake in Coca-Cola Bottling Co. Consolidated in the third quarter worth $134,000. LS Investment Advisors LLC lifted its stake in Coca-Cola Bottling Co. Consolidated by 282.8% in the fourth quarter. LS Investment Advisors LLC now owns 689 shares of the company’s stock worth $148,000 after purchasing an additional 509 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Coca-Cola Bottling Co. Consolidated in the third quarter worth $229,000. Finally, Macquarie Group Ltd. bought a new stake in Coca-Cola Bottling Co. Consolidated in the third quarter worth $256,000. 38.98% of the stock is owned by institutional investors and hedge funds.

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

Shares of NASDAQ:COKE traded down $1.97 during midday trading on Friday, hitting $174.75. 31,416 shares of the stock traded hands, compared to its average volume of 50,346. The company has a market cap of $1,659.03, a price-to-earnings ratio of 36.58 and a beta of 0.22. The company has a current ratio of 1.24, a quick ratio of 0.96 and a debt-to-equity ratio of 2.45. Coca-Cola Bottling Co. Consolidated has a one year low of $168.54 and a one year high of $249.54.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.93). The firm had revenue of $1.13 billion for the quarter. Coca-Cola Bottling Co. Consolidated had a net margin of 2.23% and a return on equity of 11.63%.

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Coca-Cola Bottling Co. Consolidated Company Profile

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.

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

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