Bessemer Group Inc. maintained its position in shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the second quarter, Holdings Channel reports. The fund owned 7,400 shares of the company’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Coca-Cola Bottling Co. Consolidated were worth $1,694,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of COKE. Norges Bank purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the fourth quarter worth approximately $1,222,000. Teachers Advisors LLC boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 4.0% in the fourth quarter. Teachers Advisors LLC now owns 7,611 shares of the company’s stock worth $1,361,000 after buying an additional 293 shares in the last quarter. Creative Planning boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 137.0% in the first quarter. Creative Planning now owns 1,737 shares of the company’s stock worth $358,000 after buying an additional 1,004 shares in the last quarter. Capstone Asset Management Co. purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter worth approximately $204,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter worth approximately $391,000. 38.65% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) opened at 208.81 on Friday. The stock has a market cap of $1.95 billion, a PE ratio of 42.57 and a beta of 0.03. Coca-Cola Bottling Co. Consolidated has a 12 month low of $125.00 and a 12 month high of $249.54. The stock’s 50 day moving average price is $232.64 and its 200-day moving average price is $207.20.

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

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, July 28th were paid a $0.25 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio (DPR) is currently 20.37%.

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

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.

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

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