BidaskClub Downgrades Coca-Cola Bottling Co Consolidated (COKE) to Strong Sell

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) traded down $3.45 during trading hours on Thursday, reaching $200.51. The company had a trading volume of 51,800 shares, compared to its average volume of 55,856. The firm has a market cap of $1,870.00, a PE ratio of 59.85 and a beta of 0.03. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.28 and a current ratio of 1.61. Coca-Cola Bottling Co Consolidated has a 1-year low of $162.30 and a 1-year high of $249.54.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.85 earnings per share for the quarter. Coca-Cola Bottling Co Consolidated had a return on equity of 13.67% and a net margin of 0.99%.

A number of large investors have recently added to or reduced their stakes in COKE. Schwab Charles Investment Management Inc. lifted its holdings in Coca-Cola Bottling Co Consolidated by 46.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 41,709 shares of the company’s stock worth $9,546,000 after purchasing an additional 13,136 shares during the last quarter. Legal & General Group Plc lifted its holdings in Coca-Cola Bottling Co Consolidated by 10.1% during the 2nd quarter. Legal & General Group Plc now owns 9,296 shares of the company’s stock worth $2,129,000 after purchasing an additional 849 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Coca-Cola Bottling Co Consolidated by 72.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,945 shares of the company’s stock worth $445,000 after purchasing an additional 816 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Coca-Cola Bottling Co Consolidated by 3.1% during the 2nd quarter. Principal Financial Group Inc. now owns 36,380 shares of the company’s stock worth $8,326,000 after purchasing an additional 1,100 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in Coca-Cola Bottling Co Consolidated by 70.5% during the 2nd quarter. State of Tennessee Treasury Department now owns 4,329 shares of the company’s stock worth $991,000 after purchasing an additional 1,790 shares during the last quarter. 37.67% of the stock is owned by institutional investors and hedge funds.

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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.

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