Cornerstone Capital Management Holdings LLC. decreased its holdings in Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) by 9.7% in the fourth quarter, HoldingsChannel reports. The firm owned 22,361 shares of the company’s stock after selling 2,400 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Coca-Cola Bottling Co Consolidated were worth $4,812,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of COKE. Royal Bank of Canada boosted its stake in shares of Coca-Cola Bottling Co Consolidated by 15.2% in the 2nd quarter. Royal Bank of Canada now owns 530 shares of the company’s stock worth $122,000 after buying an additional 70 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Coca-Cola Bottling Co Consolidated in the 3rd quarter worth $229,000. BNP Paribas Arbitrage SA boosted its stake in shares of Coca-Cola Bottling Co Consolidated by 28.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,500 shares of the company’s stock worth $539,000 after buying an additional 555 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Coca-Cola Bottling Co Consolidated by 58.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 1,740 shares of the company’s stock worth $375,000 after buying an additional 640 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Coca-Cola Bottling Co Consolidated in the 3rd quarter worth $281,000. 38.98% of the stock is owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Separately, BidaskClub upgraded Coca-Cola Bottling Co Consolidated from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) opened at $175.67 on Friday. The stock has a market capitalization of $1,647.28, a price-to-earnings ratio of 36.32 and a beta of 0.09. Coca-Cola Bottling Co Consolidated has a 52 week low of $174.50 and a 52 week high of $249.54. The company has a quick ratio of 0.96, a current ratio of 1.24 and a debt-to-equity ratio of 2.45.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.93). The firm had revenue of $1.13 billion during the quarter. Coca-Cola Bottling Co Consolidated had a return on equity of 11.63% and a net margin of 2.23%.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/coca-cola-bottling-co-consolidated-coke-shares-sold-by-cornerstone-capital-management-holdings-llc/1959331.html.

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.

Want to see what other hedge funds are holding COKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Bottling Co Consolidated (NASDAQ:COKE).

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

Receive News & Ratings for Coca-Cola Bottling Co Consolidated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Bottling Co Consolidated and related companies with MarketBeat.com's FREE daily email newsletter.