Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) announced its quarterly earnings data on Tuesday. The company reported $2.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.10 by $1.74, Bloomberg Earnings reports. Coca-Cola Bottling Co. Consolidated had a return on equity of 14.95% and a net margin of 1.62%.

Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) traded down 8.32% during mid-day trading on Wednesday, hitting $222.27. 24,781 shares of the stock were exchanged. The company has a market cap of $2.07 billion, a P/E ratio of 37.72 and a beta of 0.03. Coca-Cola Bottling Co. Consolidated has a 52-week low of $125.00 and a 52-week high of $249.54. The stock’s 50-day moving average price is $234.40 and its 200-day moving average price is $205.23.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, July 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio (DPR) is presently 16.95%.

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

Several institutional investors have recently bought and sold shares of COKE. State of Alaska Department of Revenue purchased a new position in Coca-Cola Bottling Co. Consolidated during the first quarter valued at about $105,000. Profund Advisors LLC purchased a new position in Coca-Cola Bottling Co. Consolidated during the first quarter valued at about $201,000. Capstone Asset Management Co. purchased a new position in Coca-Cola Bottling Co. Consolidated during the first quarter valued at about $204,000. Leavell Investment Management Inc. purchased a new position in Coca-Cola Bottling Co. Consolidated during the first quarter valued at about $206,000. Finally, Mason Street Advisors LLC purchased a new position in Coca-Cola Bottling Co. Consolidated during the first quarter valued at about $224,000. Hedge funds and other institutional investors own 38.65% of the company’s stock.

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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.

Earnings History for Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)

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