Acadian Asset Management LLC bought a new stake in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the second quarter, Holdings Channel reports. The institutional investor bought 4,062 shares of the company’s stock, valued at approximately $930,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Coca-Cola Bottling Co. Consolidated by 124,691.4% in the first quarter. BlackRock Inc. now owns 562,809 shares of the company’s stock valued at $115,950,000 after buying an additional 562,358 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Coca-Cola Bottling Co. Consolidated by 16.1% in the first quarter. Vanguard Group Inc. now owns 427,250 shares of the company’s stock valued at $88,022,000 after buying an additional 59,167 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Coca-Cola Bottling Co. Consolidated by 123.9% in the first quarter. Bank of New York Mellon Corp now owns 64,054 shares of the company’s stock valued at $13,197,000 after buying an additional 35,448 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at $7,268,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Coca-Cola Bottling Co. Consolidated by 1,011.8% in the first quarter. Goldman Sachs Group Inc. now owns 27,005 shares of the company’s stock valued at $5,564,000 after buying an additional 24,576 shares during the last quarter. 38.65% of the stock is owned by institutional investors.

Shares of Coca-Cola Bottling Co. Consolidated (COKE) traded up 0.41% during midday trading on Friday, hitting $211.83. The stock had a trading volume of 10,828 shares. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 43.19 and a beta of 0.03. The firm has a 50-day moving average price of $233.33 and a 200-day moving average price of $206.90. Coca-Cola Bottling Co. Consolidated has a 1-year low of $125.00 and a 1-year high of $249.54.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $2.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.10 by $1.74. The business had revenue of $1.17 billion during the quarter. Coca-Cola Bottling Co. Consolidated had a net margin of 1.23% and a return on equity of 15.49%. On average, equities analysts anticipate that Coca-Cola Bottling Co. Consolidated will post $9.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, July 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Wednesday, July 26th. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio is currently 20.37%.

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Separately, BidaskClub downgraded Coca-Cola Bottling Co. Consolidated from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.

Coca-Cola Bottling Co. Consolidated Company Profile

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.

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

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