Coca-Cola Bottling Co. (coke) Declares $0.25 Quarterly Dividend
Coca-Cola Bottling Co. (NASDAQ:coke) declared a quarterly dividend on Friday, October 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, October 26th.
Shares of Coca-Cola Bottling (NASDAQ:COKE) opened at 140.35 on Monday. The firm has a market cap of $1.31 billion, a PE ratio of 36.88 and a beta of 0.05. 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 one year low of $119.80 and a one year high of $217.13.
Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its position in Coca-Cola Bottling by 12.0% in the second quarter. American Century Companies Inc. now owns 42,617 shares of the company’s stock valued at $6,285,000 after buying an additional 4,565 shares during the period. Vanguard Group Inc. boosted its stake in Coca-Cola Bottling by 2.6% in the second quarter. Vanguard Group Inc. now owns 353,902 shares of the company’s stock worth $52,189,000 after buying an additional 9,091 shares in the last quarter. BlackRock Advisors LLC boosted its stake in Coca-Cola Bottling by 5.9% in the second quarter. BlackRock Advisors LLC now owns 2,279 shares of the company’s stock worth $336,000 after buying an additional 127 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in Coca-Cola Bottling by 7.3% in the second quarter. BlackRock Investment Management LLC now owns 17,555 shares of the company’s stock worth $2,589,000 after buying an additional 1,197 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Coca-Cola Bottling by 0.9% in the second quarter. BlackRock Fund Advisors now owns 112,751 shares of the company’s stock worth $16,627,000 after buying an additional 972 shares in the last quarter. Institutional investors own 39.43% of the company’s stock.
Separately, TheStreet raised Coca-Cola Bottling from a “hold” rating to a “buy” rating in a research report 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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