Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) Issues Earnings Results, Misses Expectations By $1.74 EPS

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) posted its quarterly earnings results on Tuesday, August 8th. The company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $4.10 by $1.74, Bloomberg Earnings reports. The business had revenue of $1.17 billion during the quarter. Coca-Cola Bottling Co. Consolidated had a return on equity of 15.49% and a net margin of 1.23%.

Shares of Coca-Cola Bottling Co. Consolidated (COKE) opened at 204.67 on Friday. The company has a market capitalization of $1.91 billion, a P/E ratio of 41.81 and a beta of 0.03. The firm has a 50-day moving average of $229.45 and a 200 day moving average of $208.72. Coca-Cola Bottling Co. Consolidated has a 1-year low of $125.00 and a 1-year high of $249.54.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Friday, July 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date was Wednesday, July 26th. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio is presently 20.37%.

A number of large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of Coca-Cola Bottling Co. Consolidated during the first quarter worth $105,000. Royal Bank of Canada raised its stake in shares of Coca-Cola Bottling Co. Consolidated by 15.2% in the second 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. Pinebridge Investments L.P. raised its stake in shares of Coca-Cola Bottling Co. Consolidated by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 612 shares of the company’s stock worth $140,000 after buying an additional 6 shares during the last quarter. Profund Advisors LLC bought a new stake in shares of Coca-Cola Bottling Co. Consolidated during the first quarter worth $201,000. Finally, Capstone Asset Management Co. bought a new stake in shares of Coca-Cola Bottling Co. Consolidated during the first quarter worth $204,000. Institutional investors own 38.84% of the company’s stock.

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Separately, BidaskClub raised shares of Coca-Cola Bottling Co. Consolidated from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th.

Coca-Cola Bottling Co. Consolidated Company Profile

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.

Earnings History for Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)

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