Ameriprise Financial Inc. Sells 4,829 Shares of Coca-Cola Bottling Co. Consolidated (COKE)

Ameriprise Financial Inc. decreased its holdings in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,552 shares of the company’s stock after selling 4,829 shares during the quarter. Ameriprise Financial Inc. owned 0.46% of Coca-Cola Bottling Co. Consolidated worth $9,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aperio Group LLC boosted its stake in shares of Coca-Cola Bottling Co. Consolidated by 3.7% in the second quarter. Aperio Group LLC now owns 1,643 shares of the company’s stock valued at $376,000 after purchasing an additional 58 shares during the period. Private Advisor Group LLC purchased a new position in shares of Coca-Cola Bottling Co. Consolidated in the second quarter valued at approximately $522,000. Vanguard Group Inc. boosted its stake in shares of Coca-Cola Bottling Co. Consolidated by 16.1% in the first quarter. Vanguard Group Inc. now owns 427,250 shares of the company’s stock valued at $88,022,000 after purchasing an additional 59,167 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Coca-Cola Bottling Co. Consolidated in the first quarter valued at approximately $324,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Coca-Cola Bottling Co. Consolidated by 1,011.8% in the first quarter. Goldman Sachs Group Inc. now owns 27,005 shares of the company’s stock valued at $5,564,000 after purchasing an additional 24,576 shares during the period. 37.33% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Bottling Co. Consolidated (COKE) opened at 225.51 on Friday. Coca-Cola Bottling Co. Consolidated has a 1-year low of $125.00 and a 1-year high of $249.54. The stock has a 50 day moving average of $213.65 and a 200 day moving average of $218.03. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 46.07 and a beta of 0.06.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last posted its earnings results on Tuesday, August 8th. The company reported $2.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.10 by ($1.74). The business had revenue of $1.17 billion for the quarter. Coca-Cola Bottling Co. Consolidated had a return on equity of 15.49% and a net margin of 1.23%. Equities analysts expect that Coca-Cola Bottling Co. Consolidated will post $8.86 earnings per share for the current year.

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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 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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Institutional Ownership by Quarter for Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)

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