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

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Separately, ValuEngine raised Coca-Cola Bottling Co Consolidated from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th.

Coca-Cola Bottling Co Consolidated stock opened at $178.57 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $1.66 billion, a PE ratio of 75.74 and a beta of 0.22. Coca-Cola Bottling Co Consolidated has a 1-year low of $125.08 and a 1-year high of $230.00.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Coca-Cola Bottling Co Consolidated by 10.2% during the 2nd quarter. BlackRock Inc. now owns 666,725 shares of the company’s stock worth $90,095,000 after acquiring an additional 61,511 shares during the period. Northern Trust Corp lifted its position in Coca-Cola Bottling Co Consolidated by 6.9% during the 2nd quarter. Northern Trust Corp now owns 67,800 shares of the company’s stock worth $9,163,000 after acquiring an additional 4,382 shares during the period. Bank of New York Mellon Corp lifted its position in Coca-Cola Bottling Co Consolidated by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,571 shares of the company’s stock worth $8,050,000 after acquiring an additional 986 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Coca-Cola Bottling Co Consolidated by 9.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 53,047 shares of the company’s stock worth $7,169,000 after acquiring an additional 4,632 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Coca-Cola Bottling Co Consolidated by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 35,578 shares of the company’s stock worth $6,143,000 after acquiring an additional 844 shares during the period. 37.68% of the stock is owned by institutional investors.

Coca-Cola Bottling Co Consolidated Company Profile

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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