Ajo LP bought a new stake in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,330 shares of the company’s stock, valued at approximately $5,797,000. Ajo LP owned approximately 0.27% of Coca-Cola Bottling Co. Consolidated as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in COKE. Teachers Advisors LLC raised its position in shares of Coca-Cola Bottling Co. Consolidated by 4.0% in the 4th quarter. Teachers Advisors LLC now owns 7,611 shares of the company’s stock valued at $1,361,000 after purchasing an additional 293 shares in the last quarter. Capstone Asset Management Co. acquired a new position in shares of Coca-Cola Bottling Co. Consolidated in the 1st quarter valued at approximately $204,000. Louisiana State Employees Retirement System acquired a new position in shares of Coca-Cola Bottling Co. Consolidated in the 1st quarter valued at approximately $391,000. Profund Advisors LLC bought a new stake in shares of Coca-Cola Bottling Co. Consolidated in the 1st quarter valued at approximately $201,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Coca-Cola Bottling Co. Consolidated by 23.4% in the 1st quarter. Wells Fargo & Company MN now owns 5,193 shares of the company’s stock valued at $1,070,000 after acquiring an additional 986 shares during the last quarter. 37.33% of the stock is currently owned by institutional investors.

Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) opened at 208.89 on Friday. The company has a market capitalization of $1.95 billion, a P/E ratio of 42.67 and a beta of 0.06. The stock has a 50 day moving average price of $216.87 and a 200-day moving average price of $213.52. Coca-Cola Bottling Co. Consolidated has a one year low of $125.00 and a one year high of $249.54.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last announced its earnings results on Tuesday, August 8th. The company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $4.10 by ($1.74). Coca-Cola Bottling Co. Consolidated had a net margin of 1.23% and a return on equity of 15.49%. The business had revenue of $1.17 billion for the quarter. Equities research analysts predict that Coca-Cola Bottling Co. Consolidated will post $8.86 earnings per share for the current fiscal year.

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

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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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