Coca-Cola Bottling Co. (COKE) Stock Price Up 7.4%
Coca-Cola Bottling Co. (NASDAQ:COKE)’s share price rose 7.4% during mid-day trading on Wednesday . The stock traded as high as $160.80 and last traded at $152.01, with a volume of 140,797 shares changing hands. The stock had previously closed at $141.53.
COKE has been the topic of several recent research reports. TheStreet upgraded Coca-Cola Bottling from a “hold” rating to a “buy” rating in a research report on Tuesday. Citigroup Inc. dropped their price target on Coca-Cola Bottling from $190.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, May 20th.
The stock has a 50-day moving average of $144.84 and a 200-day moving average of $153.78. The firm has a market cap of $1.47 billion and a P/E ratio of 31.421.
Coca-Cola Bottling (NASDAQ:COKE) last announced its earnings results on Tuesday, May 10th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.44. On average, equities analysts forecast that Coca-Cola Bottling Co. will post $6.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 27th. This represents a $1.00 annualized dividend and a dividend yield of 0.66%.
Several hedge funds have made changes to their positions in the stock. Dimensional Fund Advisors LP increased 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 valued at $53,070,000 after buying an additional 11,366 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position 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 valued at $3,817,000 after buying an additional 6,364 shares during the last quarter. New York State Common Retirement Fund boosted its position 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 valued at $1,695,000 after buying an additional 3,222 shares during the last quarter. Finally, Rhumbline Advisers boosted its position 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 valued at $1,190,000 after buying an additional 80 shares during 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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