Leavell Investment Management Inc. Has $229,000 Stake in Coca-Cola Bottling Co. Consolidated (COKE)

Leavell Investment Management Inc. continued to hold its stake in shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,002 shares of the company’s stock at the end of the second quarter. Leavell Investment Management Inc.’s holdings in Coca-Cola Bottling Co. Consolidated were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of COKE. Bank of New York Mellon Corp increased its stake in Coca-Cola Bottling Co. Consolidated by 123.9% in the first quarter. Bank of New York Mellon Corp now owns 64,054 shares of the company’s stock worth $13,197,000 after buying an additional 35,448 shares in the last quarter. Algert Global LLC increased its stake in Coca-Cola Bottling Co. Consolidated by 4.3% in the first quarter. Algert Global LLC now owns 2,442 shares of the company’s stock valued at $503,000 after buying an additional 100 shares in the last quarter. First Trust Advisors LP increased its stake in Coca-Cola Bottling Co. Consolidated by 210.8% in the first quarter. First Trust Advisors LP now owns 11,881 shares of the company’s stock valued at $2,448,000 after buying an additional 8,058 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Coca-Cola Bottling Co. Consolidated by 964.8% in the first quarter. Great West Life Assurance Co. Can now owns 6,719 shares of the company’s stock valued at $1,383,000 after buying an additional 6,088 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Coca-Cola Bottling Co. Consolidated by 23.4% in the first quarter. Wells Fargo & Company MN now owns 5,193 shares of the company’s stock valued at $1,070,000 after buying an additional 986 shares in the last quarter. 38.65% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) traded down 1.02% on Friday, hitting $208.81. The stock had a trading volume of 31,797 shares. The company’s 50-day moving average is $233.33 and its 200-day moving average is $206.90. The stock has a market cap of $1.95 billion, a P/E ratio of 42.57 and a beta of 0.03. Coca-Cola Bottling Co. Consolidated has a one year low of $125.00 and a one year high of $249.54.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.10 by $1.74. Coca-Cola Bottling Co. Consolidated had a net margin of 1.23% and a return on equity of 15.49%. The business had revenue of $1.17 billion during the quarter. On average, analysts anticipate that Coca-Cola Bottling Co. Consolidated will post $9.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, July 28th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, July 26th. This represents a $1.00 annualized dividend and a yield of 0.48%. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio (DPR) is presently 20.37%.

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Separately, BidaskClub downgraded 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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