State of Tennessee Treasury Department Sells 257 Shares of Coca-Cola Bottling Co Consolidated (COKE)

State of Tennessee Treasury Department lowered its stake in Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,072 shares of the company’s stock after selling 257 shares during the period. State of Tennessee Treasury Department’s holdings in Coca-Cola Bottling Co Consolidated were worth $879,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in COKE. BlackRock Inc. grew its holdings in Coca-Cola Bottling Co Consolidated by 124,691.4% during the first quarter. BlackRock Inc. now owns 562,809 shares of the company’s stock worth $115,950,000 after acquiring an additional 562,358 shares during the period. Vanguard Group Inc. grew its holdings in Coca-Cola Bottling Co Consolidated by 16.1% during the first quarter. Vanguard Group Inc. now owns 427,250 shares of the company’s stock worth $88,022,000 after acquiring an additional 59,167 shares during the period. AJO LP acquired a new position in Coca-Cola Bottling Co Consolidated during the second quarter worth $5,797,000. State Street Corp grew its holdings in Coca-Cola Bottling Co Consolidated by 27.3% during the first quarter. State Street Corp now owns 113,393 shares of the company’s stock worth $23,364,000 after acquiring an additional 24,316 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Coca-Cola Bottling Co Consolidated by 46.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 41,709 shares of the company’s stock worth $9,546,000 after acquiring an additional 13,136 shares during the period. 36.40% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) opened at $204.55 on Monday. Coca-Cola Bottling Co Consolidated has a twelve month low of $157.21 and a twelve month high of $249.54. The firm has a market capitalization of $1,910.00, a price-to-earnings ratio of 38.02 and a beta of 0.06. The company has a current ratio of 1.61, a quick ratio of 1.28 and a debt-to-equity ratio of 3.04.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, October 26th. Coca-Cola Bottling Co Consolidated’s dividend payout ratio is presently 29.85%.

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

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