BidaskClub upgraded shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) from a sell rating to a hold rating in a research report report published on Monday.

A number of other research firms have also commented on COKE. TheStreet lowered Coca-Cola Bottling Co Consolidated from a b- rating to a c rating in a research note on Tuesday, May 8th. ValuEngine lowered Coca-Cola Bottling Co Consolidated from a hold rating to a sell rating in a research note on Wednesday, May 9th.

Shares of NASDAQ COKE opened at $166.37 on Monday. The company has a market cap of $1.42 billion, a PE ratio of 42.35 and a beta of 0.18. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.08 and a current ratio of 1.44. Coca-Cola Bottling Co Consolidated has a 1-year low of $125.08 and a 1-year high of $230.00.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last announced its earnings results on Wednesday, August 8th. The company reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.91 by ($1.79). The firm had revenue of $1.23 billion for the quarter. Coca-Cola Bottling Co Consolidated had a return on equity of 8.14% and a net margin of 1.93%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 10th. Shareholders of record on Friday, July 27th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, July 26th. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Coca-Cola Bottling Co Consolidated by 10.2% during the 2nd quarter. BlackRock Inc. now owns 666,725 shares of the company’s stock worth $90,095,000 after acquiring an additional 61,511 shares during the period. Bank of New York Mellon Corp increased its stake in Coca-Cola Bottling Co Consolidated by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,571 shares of the company’s stock worth $8,050,000 after acquiring an additional 986 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Coca-Cola Bottling Co Consolidated by 9.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 53,047 shares of the company’s stock worth $7,169,000 after acquiring an additional 4,632 shares during the period. Principal Financial Group Inc. increased its stake in shares of Coca-Cola Bottling Co Consolidated by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 35,578 shares of the company’s stock valued at $6,143,000 after purchasing an additional 844 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Coca-Cola Bottling Co Consolidated by 36.1% in the 4th quarter. Deutsche Bank AG now owns 25,201 shares of the company’s stock valued at $5,423,000 after purchasing an additional 6,683 shares during the last quarter. Hedge funds and other institutional investors own 37.47% of the company’s stock.

Coca-Cola Bottling Co Consolidated Company Profile

Coca-Cola Bottling Co Consolidated, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.

Further Reading: What is a Leveraged Buyout (LBO)?

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