California State Teachers Retirement System Trims Stake in Coca-Cola Bottling Co. Consolidated (COKE)

California State Teachers Retirement System reduced its stake in shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) by 9.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,387 shares of the company’s stock after selling 898 shares during the period. California State Teachers Retirement System owned about 0.09% of Coca-Cola Bottling Co. Consolidated worth $1,920,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Coca-Cola Bottling Co. Consolidated by 10.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,803 shares of the company’s stock valued at $642,000 after acquiring an additional 276 shares during the period. State Street Corp grew its position in shares of Coca-Cola Bottling Co. Consolidated by 3.4% during the 2nd quarter. State Street Corp now owns 117,247 shares of the company’s stock valued at $26,837,000 after acquiring an additional 3,854 shares during the period. Royal Bank of Canada grew its position in shares of Coca-Cola Bottling Co. Consolidated by 15.2% during the 2nd quarter. Royal Bank of Canada now owns 530 shares of the company’s stock valued at $122,000 after acquiring an additional 70 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Coca-Cola Bottling Co. Consolidated by 35.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 36,557 shares of the company’s stock valued at $8,366,000 after acquiring an additional 9,552 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Coca-Cola Bottling Co. Consolidated by 8.6% during the 2nd quarter. Voya Investment Management LLC now owns 2,416 shares of the company’s stock valued at $553,000 after acquiring an additional 192 shares during the period. 37.00% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) opened at $199.88 on Thursday. Coca-Cola Bottling Co. Consolidated has a 52-week low of $157.21 and a 52-week high of $249.54. The firm has a market cap of $1,905.33, a P/E ratio of 37.95 and a beta of 0.06. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.28 and a current ratio of 1.61.

The business also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Thursday, October 26th. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio is currently 23.31%.

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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.

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

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