Coca-Cola Bottling Co. (NASDAQ:COKE) shares rose 7.4% during trading on Wednesday . The stock traded as high as $160.80 and last traded at $152.01, with a volume of 140,797 shares traded. The stock had previously closed at $141.53.

Several analysts have recently weighed in on COKE shares. Citigroup Inc. decreased their price objective on Coca-Cola Bottling from $190.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. TheStreet lowered Coca-Cola Bottling from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th.

The company’s 50 day moving average is $144.14 and its 200 day moving average is $153.79. The company has a market cap of $1.43 billion and a price-to-earnings ratio of 30.52.

Coca-Cola Bottling (NASDAQ:COKE) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.11 by $0.44. On average, equities research analysts forecast that Coca-Cola Bottling Co. will post $6.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 27th. This represents a $1.00 annualized dividend and a yield of 0.65%.

Other hedge funds have added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in Coca-Cola Bottling by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 8,638 shares of the company’s stock valued at $1,577,000 after buying an additional 131 shares in the last quarter. Rhumbline Advisers raised its stake in Coca-Cola Bottling by 1.2% in the fourth quarter. Rhumbline Advisers now owns 6,520 shares of the company’s stock valued at $1,190,000 after buying an additional 80 shares in the last quarter. New York State Common Retirement Fund raised its stake in 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 valued at $1,695,000 after buying an additional 3,222 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in 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 valued at $3,817,000 after buying an additional 6,364 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Coca-Cola Bottling by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 290,779 shares of the company’s stock valued at $53,070,000 after buying an additional 11,366 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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