Bank of New York Mellon Corp trimmed its stake in shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,181 shares of the company’s stock after selling 873 shares during the period. Bank of New York Mellon Corp owned approximately 0.68% of Coca-Cola Bottling Co. Consolidated worth $14,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Profund Advisors LLC purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at approximately $201,000. Capstone Asset Management Co. purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at approximately $204,000. State of Alaska Department of Revenue raised its holdings in shares of Coca-Cola Bottling Co. Consolidated by 80.6% during the second quarter. State of Alaska Department of Revenue now owns 921 shares of the company’s stock valued at $210,000 after purchasing an additional 411 shares during the last quarter. Mason Street Advisors LLC purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the first quarter valued at approximately $224,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Coca-Cola Bottling Co. Consolidated by 115.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,129 shares of the company’s stock valued at $233,000 after purchasing an additional 605 shares during the last quarter. 37.33% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Bottling Co. Consolidated (COKE) opened at 208.77 on Friday. 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 market capitalization of $1.95 billion, a PE ratio of 42.65 and a beta of 0.06. The stock’s 50 day moving average is $215.21 and its 200 day moving average is $214.64.

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

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Separately, BidaskClub cut shares of Coca-Cola Bottling Co. Consolidated from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.

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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