UBS Asset Management Americas Inc. held its position in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,420 shares of the company’s stock at the end of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Coca-Cola Bottling Co. Consolidated were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of COKE. BlackRock Inc. raised its holdings 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 purchasing an additional 562,358 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 purchasing an additional 59,167 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Coca-Cola Bottling Co. Consolidated in the first quarter valued at approximately $7,268,000. AJO LP acquired a new stake in shares of Coca-Cola Bottling Co. Consolidated in the second quarter valued at approximately $5,797,000. Finally, Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 24,576 shares during the last quarter. Institutional investors own 37.33% of the company’s stock.

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

Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) opened at 225.56 on Wednesday. The firm has a market capitalization of $2.11 billion, a P/E ratio of 46.08 and a beta of 0.06. The stock has a 50 day moving average of $218.60 and a 200-day moving average of $220.28. Coca-Cola Bottling Co. Consolidated has a 12-month low of $125.00 and a 12-month high of $249.54.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 27th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, October 26th. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio is currently 20.37%.

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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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