Quinn Opportunity Partners LLC maintained its stake in shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the company’s stock at the close of the 2nd quarter. Quinn Opportunity Partners LLC’s holdings in Coca-Cola Bottling Co. Consolidated were worth $458,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in COKE. State of Alaska Department of Revenue acquired a new position in Coca-Cola Bottling Co. Consolidated in the first quarter valued at about $105,000. Profund Advisors LLC acquired a new position in Coca-Cola Bottling Co. Consolidated in the first quarter valued at about $201,000. Capstone Asset Management Co. acquired a new position in Coca-Cola Bottling Co. Consolidated in the first quarter valued at about $204,000. Mason Street Advisors LLC acquired a new position in Coca-Cola Bottling Co. Consolidated in the first quarter valued at about $224,000. Finally, BNP Paribas Arbitrage SA increased its stake in Coca-Cola Bottling Co. Consolidated by 115.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,129 shares of the company’s stock worth $233,000 after purchasing an additional 605 shares during the period. 37.33% of the stock is currently owned by institutional investors.
Separately, BidaskClub lowered shares of Coca-Cola Bottling Co. Consolidated from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th.
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Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) opened at 208.77 on Friday. The company’s 50 day moving average price is $215.21 and its 200 day moving average price is $214.64. The firm has a market capitalization of $1.95 billion, a P/E ratio of 42.65 and a beta of 0.06. 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 posted its earnings results on Tuesday, August 8th. The company reported $2.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.10 by ($1.74). Coca-Cola Bottling Co. Consolidated had a return on equity of 15.49% and a net margin of 1.23%. The business had revenue of $1.17 billion for the quarter. On average, analysts expect that Coca-Cola Bottling Co. Consolidated will post $8.86 EPS for the current fiscal year.
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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