Coca-Cola Bottling Co Consolidated (COKE) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) from a hold rating to a buy rating in a report released on Thursday.

Several other research firms also recently weighed in on COKE. TheStreet raised Coca-Cola Bottling Co Consolidated from a c rating to a b- rating in a research report on Wednesday, November 14th. ValuEngine raised Coca-Cola Bottling Co Consolidated from a hold rating to a buy rating in a research report on Friday, December 21st.

COKE stock traded up $9.05 during midday trading on Thursday, hitting $208.66. 28,362 shares of the stock were exchanged, compared to its average volume of 35,612. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.10 and a current ratio of 1.51. The stock has a market cap of $1.80 billion, a PE ratio of 56.36 and a beta of 0.60. Coca-Cola Bottling Co Consolidated has a fifty-two week low of $125.08 and a fifty-two week high of $221.83.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last released its quarterly earnings results on Wednesday, November 7th. The company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $1.64 by $1.29. The company had revenue of $1.21 billion during the quarter. Coca-Cola Bottling Co Consolidated had a return on equity of 7.06% and a net margin of 1.83%.

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Coca-Cola Bottling Co Consolidated by 166.4% during the second quarter. Renaissance Technologies LLC now owns 13,127 shares of the company’s stock worth $1,774,000 after buying an additional 8,200 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Coca-Cola Bottling Co Consolidated by 49.5% in the second quarter. OppenheimerFunds Inc. now owns 21,769 shares of the company’s stock valued at $2,942,000 after purchasing an additional 7,203 shares during the period. Citadel Advisors LLC grew its position in shares of Coca-Cola Bottling Co Consolidated by 250.8% in the second quarter. Citadel Advisors LLC now owns 4,546 shares of the company’s stock valued at $614,000 after purchasing an additional 3,250 shares during the period. Aperio Group LLC grew its position in shares of Coca-Cola Bottling Co Consolidated by 40.6% in the third quarter. Aperio Group LLC now owns 7,115 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,055 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Coca-Cola Bottling Co Consolidated by 9.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,047 shares of the company’s stock valued at $7,169,000 after purchasing an additional 4,632 shares during the period. 37.58% of the stock is owned by institutional investors.

Coca-Cola Bottling Co Consolidated Company Profile

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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