Engineers Gate Manager LP bought a new stake in Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,263 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates lifted its position in shares of Coca-Cola Bottling Co Consolidated by 27.6% during the 4th quarter. Raymond James & Associates now owns 1,647 shares of the company’s stock valued at $355,000 after acquiring an additional 356 shares during the period. Millennium Management LLC acquired a new position in shares of Coca-Cola Bottling Co Consolidated during the 4th quarter valued at $268,000. Alps Advisors Inc. acquired a new position in shares of Coca-Cola Bottling Co Consolidated during the 1st quarter valued at $445,000. Mackay Shields LLC acquired a new position in shares of Coca-Cola Bottling Co Consolidated during the 1st quarter valued at $3,533,000. Finally, Parametrica Management Ltd acquired a new position in shares of Coca-Cola Bottling Co Consolidated during the 1st quarter valued at $319,000. 38.23% of the stock is owned by hedge funds and other institutional investors.

COKE opened at $172.29 on Tuesday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.94 and a current ratio of 1.26. Coca-Cola Bottling Co Consolidated has a 1-year low of $125.08 and a 1-year high of $230.00. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 74.39 and a beta of 0.18.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last released its quarterly earnings data on Wednesday, August 8th. The company reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.91 by ($1.79). Coca-Cola Bottling Co Consolidated had a return on equity of 5.07% and a net margin of 1.68%. The business had revenue of $1.23 billion for the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 10th. Shareholders of record on Friday, July 27th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, July 26th. This represents a $1.00 annualized dividend and a yield of 0.58%.

Several research analysts have weighed in on COKE shares. BidaskClub upgraded shares of Coca-Cola Bottling Co Consolidated from a “buy” rating to a “strong-buy” rating in a report on Friday. ValuEngine upgraded shares of Coca-Cola Bottling Co Consolidated from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Finally, TheStreet downgraded shares of Coca-Cola Bottling Co Consolidated from a “b-” rating to a “c” rating in a report on Tuesday, May 8th.

About Coca-Cola Bottling Co Consolidated

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.

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

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