Goldman Sachs Group Inc. raised its position in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) by 1,011.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 27,005 shares of the company’s stock after buying an additional 24,576 shares during the period. Goldman Sachs Group Inc. owned approximately 0.29% of Coca-Cola Bottling Co. Consolidated worth $5,564,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COKE. State Street Corp boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 9.8% in the fourth quarter. State Street Corp now owns 89,077 shares of the company’s stock worth $15,933,000 after buying an additional 7,962 shares during 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 during the last quarter. 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 during the last quarter. Algert Global LLC boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 4.3% in the first quarter. Algert Global LLC now owns 2,442 shares of the company’s stock worth $503,000 after buying an additional 100 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter worth approximately $324,000. 38.84% of the stock is owned by institutional investors.

Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) traded down 1.70% during midday trading on Friday, hitting $204.67. The stock had a trading volume of 29,361 shares. The firm has a market cap of $1.91 billion, a P/E ratio of 41.81 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 has a 50-day moving average price of $229.45 and a 200 day moving average price of $208.72.

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

The business also recently announced 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 0.49%. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio (DPR) is presently 20.37%.

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

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.

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

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