AQR Capital Management LLC decreased its position in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) by 50.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,395 shares of the company’s stock after selling 5,484 shares during the period. AQR Capital Management LLC owned 0.06% of Coca-Cola Bottling Co. Consolidated worth $1,111,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Coca-Cola Bottling Co. Consolidated during the first quarter worth $105,000. Profund Advisors LLC bought a new stake in Coca-Cola Bottling Co. Consolidated during the first quarter worth $201,000. Capstone Asset Management Co. bought a new stake in Coca-Cola Bottling Co. Consolidated during the first quarter worth $204,000. Leavell Investment Management Inc. bought a new stake in Coca-Cola Bottling Co. Consolidated during the first quarter worth $206,000. Finally, Mason Street Advisors LLC bought a new stake in Coca-Cola Bottling Co. Consolidated during the first quarter worth $224,000. 38.65% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) traded up 0.27% during mid-day trading on Monday, hitting $239.44. 742 shares of the stock were exchanged. The company has a 50-day moving average price of $234.15 and a 200-day moving average price of $204.50. Coca-Cola Bottling Co. Consolidated has a one year low of $125.00 and a one year high of $249.54. The company has a market cap of $2.23 billion, a P/E ratio of 40.63 and a beta of 0.03.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by $0.59. The business had revenue of $865.70 million during the quarter. Coca-Cola Bottling Co. Consolidated had a return on equity of 14.95% and a net margin of 1.62%. On average, analysts predict that Coca-Cola Bottling Co. Consolidated will post $9.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, July 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date is Wednesday, July 26th. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio is currently 16.95%.

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Separately, BidaskClub raised shares of Coca-Cola Bottling Co. Consolidated from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th.

About Coca-Cola Bottling Co. Consolidated

Coca-Cola Bottling Co Consolidated produces, markets and distributes nonalcoholic beverages. The Company is an independent Coca-Cola bottler in the United States. The Company’s segments include Nonalcoholic Beverages and All Other. Majority of its total bottle/can volume to retail customers consist of products of The Coca-Cola Company.

Institutional Ownership by Quarter for Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)

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