Coca-Cola Bottling Co Consolidated (COKE) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) from a strong sell rating to a sell rating in a research note published on Tuesday morning.

A number of other research firms have also recently weighed in on COKE. ValuEngine cut Coca-Cola Bottling Co Consolidated from a hold rating to a sell rating in a research report on Wednesday, May 9th. TheStreet cut Coca-Cola Bottling Co Consolidated from a b- rating to a c rating in a research report on Tuesday, May 8th.

Coca-Cola Bottling Co Consolidated opened at $134.62 on Tuesday, Marketbeat Ratings reports. Coca-Cola Bottling Co Consolidated has a twelve month low of $125.08 and a twelve month high of $249.54. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.08 and a current ratio of 1.44. The stock has a market cap of $1.21 billion, a PE ratio of 36.21 and a beta of 0.17.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last posted its quarterly earnings data on Tuesday, May 8th. The company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($1.70). Coca-Cola Bottling Co Consolidated had a net margin of 1.93% and a return on equity of 8.14%. The company had revenue of $1.07 billion for the quarter.

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in Coca-Cola Bottling Co Consolidated during the 1st quarter valued at approximately $223,000. Citadel Advisors LLC bought a new stake in Coca-Cola Bottling Co Consolidated during the 1st quarter valued at approximately $224,000. Jane Street Group LLC bought a new stake in Coca-Cola Bottling Co Consolidated during the 4th quarter valued at approximately $236,000. HBK Investments L P bought a new stake in Coca-Cola Bottling Co Consolidated during the 4th quarter valued at approximately $237,000. Finally, UBS Group AG raised its stake in Coca-Cola Bottling Co Consolidated by 257.4% during the 1st quarter. UBS Group AG now owns 1,394 shares of the company’s stock valued at $241,000 after purchasing an additional 1,004 shares during the period. 37.48% of the stock is currently owned by institutional investors.

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.

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