Coca-Cola Bottling Co. (coke) Announces $0.25 Quarterly Dividend
Coca-Cola Bottling Co. (NASDAQ:coke) announced a quarterly dividend on Friday, October 14th. Investors of record on Friday, October 28th will be given a dividend of 0.25 per share on Thursday, November 10th. This represents a $1.00 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, October 26th.
Shares of Coca-Cola Bottling (NASDAQ:COKE) opened at 140.35 on Monday. The company has a 50-day moving average of $146.77 and a 200 day moving average of $147.04. Coca-Cola Bottling has a 12-month low of $119.80 and a 12-month high of $217.13. The company has a market cap of $1.31 billion, a PE ratio of 36.88 and a beta of 0.05.
Hedge funds and other institutional investors have recently made changes to their positions in the company. WFG Advisors LP boosted its position in shares of Coca-Cola Bottling by 11.5% in the second quarter. WFG Advisors LP now owns 1,450 shares of the company’s stock valued at $214,000 after buying an additional 150 shares during the last quarter. Menta Capital LLC purchased a new position in shares of Coca-Cola Bottling during the second quarter valued at about $280,000. BlackRock Advisors LLC boosted its position in shares of Coca-Cola Bottling by 5.9% in the second quarter. BlackRock Advisors LLC now owns 2,279 shares of the company’s stock valued at $336,000 after buying an additional 127 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Coca-Cola Bottling during the second quarter valued at about $722,000. Finally, Teachers Advisors Inc. boosted its position in shares of Coca-Cola Bottling by 6.0% in the second quarter. Teachers Advisors Inc. now owns 7,318 shares of the company’s stock valued at $1,079,000 after buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 39.43% of the company’s stock.
Separately, TheStreet upgraded Coca-Cola Bottling from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th.
About Coca-Cola Bottling
Coca-Cola Bottling Co Consolidated produces, markets and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company, which include beverage brands. The Company is an independent Coca-Cola bottler in the United States. The Company’s segments are Nonalcoholic Beverages and All Other.
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