3,996 Shares in Coca-Cola Bottling Co. (COKE) Acquired by Emerald Acquisition Ltd.
Emerald Acquisition Ltd. acquired a new stake in shares of Coca-Cola Bottling Co. (NASDAQ:COKE) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,996 shares of the company’s stock, valued at approximately $590,000.
Other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC increased its position in Coca-Cola Bottling by 8.0% in the first quarter. Aperio Group LLC now owns 1,812 shares of the company’s stock valued at $289,000 after buying an additional 134 shares in the last quarter. Prudential Financial Inc. increased its position in Coca-Cola Bottling by 182.8% in the first quarter. Prudential Financial Inc. now owns 22,585 shares of the company’s stock valued at $3,608,000 after buying an additional 14,600 shares in the last quarter. Renaissance Technologies LLC increased its position in Coca-Cola Bottling by 1.6% in the first quarter. Renaissance Technologies LLC now owns 256,171 shares of the company’s stock valued at $40,926,000 after buying an additional 4,071 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Coca-Cola Bottling during the first quarter valued at approximately $609,000. Finally, LPL Financial LLC increased its position in Coca-Cola Bottling by 5.1% in the first quarter. LPL Financial LLC now owns 7,612 shares of the company’s stock valued at $1,226,000 after buying an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 39.43% of the company’s stock.
Shares of Coca-Cola Bottling Co. (NASDAQ:COKE) traded up 0.21% during midday trading on Monday, hitting $140.64. 5,146 shares of the stock were exchanged. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 36.95 and a beta of 0.05. Coca-Cola Bottling Co. has a 1-year low of $119.80 and a 1-year high of $217.13. The stock’s 50-day moving average price is $146.77 and its 200-day moving average price is $147.04.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, October 26th. Coca-Cola Bottling’s dividend payout ratio is currently 26.39%.
Separately, TheStreet upgraded shares of Coca-Cola Bottling from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th.
About Coca-Cola Bottling
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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