BNP Paribas Arbitrage SA trimmed its stake in Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) by 21.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,531 shares of the company’s stock after selling 418 shares during the period. BNP Paribas Arbitrage SA’s holdings in Coca-Cola Bottling Co Consolidated were worth $264,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Coca-Cola Bottling Co Consolidated in the 1st quarter worth $223,000. Jane Street Group LLC purchased a new stake in shares of Coca-Cola Bottling Co Consolidated in the 4th quarter worth $236,000. HBK Investments L P purchased a new stake in shares of Coca-Cola Bottling Co Consolidated in the 4th quarter worth $237,000. Stevens Capital Management LP purchased a new stake in shares of Coca-Cola Bottling Co Consolidated in the 1st quarter worth $247,000. Finally, Millennium Management LLC purchased a new stake in shares of Coca-Cola Bottling Co Consolidated in the 4th quarter worth $268,000. Hedge funds and other institutional investors own 37.48% of the company’s stock.

Shares of COKE stock opened at $132.76 on Tuesday. Coca-Cola Bottling Co Consolidated has a 52-week low of $125.08 and a 52-week high of $249.54. The company has a quick ratio of 1.08, a current ratio of 1.44 and a debt-to-equity ratio of 2.78. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 37.64 and a beta of 0.17.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last issued its quarterly earnings results on Tuesday, May 8th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($1.70). Coca-Cola Bottling Co Consolidated had a return on equity of 8.14% and a net margin of 1.93%. The business had revenue of $1.07 billion during the quarter.

Several equities research analysts have recently commented on the company. BidaskClub upgraded Coca-Cola Bottling Co Consolidated from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 26th. TheStreet lowered Coca-Cola Bottling Co Consolidated from a “b-” rating to a “c” rating in a research note on Tuesday, May 8th. Finally, ValuEngine lowered Coca-Cola Bottling Co Consolidated from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th.

About Coca-Cola Bottling Co Consolidated

Coca-Cola Bottling Co Consolidated, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.

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

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