Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday, January 4th.

Coca-Cola Bottling Co Consolidated (COKE) opened at $202.06 on Thursday. Coca-Cola Bottling Co Consolidated has a 52-week low of $162.30 and a 52-week high of $249.54. The firm has a market cap of $1,890.00, a P/E ratio of 60.32 and a beta of 0.03. The company has a current ratio of 1.61, a quick ratio of 1.28 and a debt-to-equity ratio of 3.04.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.85 EPS for the quarter. Coca-Cola Bottling Co Consolidated had a net margin of 0.99% and a return on equity of 13.67%. The company had revenue of $1.16 billion for the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in Coca-Cola Bottling Co Consolidated by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 47,830 shares of the company’s stock worth $10,296,000 after buying an additional 1,846 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Coca-Cola Bottling Co Consolidated by 15.2% in the 3rd quarter. California Public Employees Retirement System now owns 6,451 shares of the company’s stock valued at $1,392,000 after purchasing an additional 851 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Coca-Cola Bottling Co Consolidated by 72.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,664 shares of the company’s stock valued at $360,000 after purchasing an additional 701 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Coca-Cola Bottling Co Consolidated by 11.7% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 24,761 shares of the company’s stock valued at $5,341,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its stake in shares of Coca-Cola Bottling Co Consolidated by 33.7% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 99,680 shares of the company’s stock valued at $21,506,000 after purchasing an additional 25,115 shares in the last quarter. Hedge funds and other institutional investors own 37.64% of the company’s stock.

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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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