Coca-Cola Bottling Co. (COKE) Sees Strong Trading Volume
Coca-Cola Bottling Co. (NASDAQ:COKE) saw strong trading volume on Friday . 71,930 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 94,682 shares.The stock last traded at $144.57 and had previously closed at $146.38.
Several equities research analysts have commented on the stock. Citigroup Inc. decreased their price objective on shares of Coca-Cola Bottling from $190.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, May 20th. TheStreet lowered shares of Coca-Cola Bottling from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th.
The stock has a market capitalization of $1.34 billion and a PE ratio of 28.66. The company’s 50 day moving average is $136.38 and its 200-day moving average is $157.49.
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 analysts’ consensus estimates of $1.11 by $0.44. Equities research analysts forecast that Coca-Cola Bottling Co. will post $6.77 earnings per share for the current year.
Other large investors recently made changes to their positions in the company. 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 during the last quarter. California State Teachers Retirement System raised its stake in shares of 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 worth $1,577,000 after buying an additional 131 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Coca-Cola Bottling during the fourth quarter worth $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 during the last quarter. Finally, 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 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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