Coca-Cola Bottling Co Consolidated (COKE) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Shares of Coca-Cola Bottling Co Consolidated (NASDAQ COKE) traded down $1.74 during trading hours on Tuesday, hitting $216.80. The stock had a trading volume of 62,400 shares, compared to its average volume of 42,952. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.61 and a quick ratio of 1.28. Coca-Cola Bottling Co Consolidated has a one year low of $162.30 and a one year high of $249.54. The firm has a market capitalization of $2,039.63, a price-to-earnings ratio of 40.62 and a beta of 0.03.

Several large investors have recently modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Coca-Cola Bottling Co Consolidated by 15.2% during the third quarter. California Public Employees Retirement System now owns 6,451 shares of the company’s stock worth $1,392,000 after purchasing an additional 851 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Coca-Cola Bottling Co Consolidated by 72.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,664 shares of the company’s stock worth $360,000 after purchasing an additional 701 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in shares of Coca-Cola Bottling Co Consolidated by 11.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 24,761 shares of the company’s stock worth $5,341,000 after purchasing an additional 2,600 shares during the period. Cramer Rosenthal Mcglynn LLC raised its position in shares of Coca-Cola Bottling Co Consolidated by 33.7% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 99,680 shares of the company’s stock worth $21,506,000 after purchasing an additional 25,115 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Coca-Cola Bottling Co Consolidated by 10.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 45,984 shares of the company’s stock worth $9,922,000 after purchasing an additional 4,275 shares during the period. 37.70% of the stock is currently owned by institutional investors.

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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.

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