Coca-Cola Bottling Co. (COKE) Stock Price Down 4.4%
Shares of Coca-Cola Bottling Co. (NASDAQ:COKE) fell 4.4% during trading on Wednesday . The company traded as low as $141.08 and last traded at $141.08, with a volume of 134,804 shares traded. The stock had previously closed at $147.62.
A number of research firms have commented on COKE. TheStreet downgraded shares of Coca-Cola Bottling from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Citigroup Inc. dropped their target price on shares of Coca-Cola Bottling from $190.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, May 20th.
The firm has a market cap of $1.32 billion and a price-to-earnings ratio of 28.18. The company has a 50 day moving average price of $141.05 and a 200-day moving average price of $155.60.
Coca-Cola Bottling (NASDAQ:COKE) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by $0.44. Analysts predict that Coca-Cola Bottling Co. will post $6.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, July 27th.
A number of large investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Coca-Cola Bottling by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 290,779 shares of the company’s stock worth $53,070,000 after buying an additional 11,366 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Coca-Cola Bottling by 43.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 20,914 shares of the company’s stock worth $3,817,000 after buying an additional 6,364 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Coca-Cola Bottling during the fourth quarter worth approximately $1,616,000. New York State Common Retirement Fund raised its stake in shares of Coca-Cola Bottling by 53.1% in the fourth quarter. New York State Common Retirement Fund now owns 9,286 shares of the company’s stock worth $1,695,000 after buying an additional 3,222 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Coca-Cola Bottling by 1.2% in the fourth quarter. Rhumbline Advisers now owns 6,520 shares of the company’s stock worth $1,190,000 after buying an additional 80 shares in the last quarter.
Coca-Cola Bottling Co Consolidated produces, markets and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company, which include beverage brands. The Company is an independent Coca-Cola bottler in the United States. The Company’s segments are Nonalcoholic Beverages and All Other.
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