OppenheimerFunds Inc. decreased its holdings in shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,797 shares of the company’s stock after selling 310 shares during the quarter. OppenheimerFunds Inc.’s holdings in Coca-Cola Bottling Co Consolidated were worth $2,539,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of COKE. Royal Bank of Canada increased its stake in Coca-Cola Bottling Co Consolidated by 15.2% during the second quarter. Royal Bank of Canada now owns 530 shares of the company’s stock worth $122,000 after acquiring an additional 70 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Coca-Cola Bottling Co Consolidated during the third quarter worth $134,000. LS Investment Advisors LLC increased its stake in Coca-Cola Bottling Co Consolidated by 282.8% during the fourth quarter. LS Investment Advisors LLC now owns 689 shares of the company’s stock worth $148,000 after acquiring an additional 509 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Coca-Cola Bottling Co Consolidated during the third quarter worth $229,000. Finally, Macquarie Group Ltd. acquired a new stake in Coca-Cola Bottling Co Consolidated during the third quarter worth $256,000. 38.50% of the stock is owned by institutional investors.
Shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) opened at $187.86 on Friday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.96 and a current ratio of 1.24. The stock has a market capitalization of $1,753.30, a price-to-earnings ratio of 38.65 and a beta of 0.09. Coca-Cola Bottling Co Consolidated has a one year low of $170.93 and a one year high of $249.54.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were paid a $0.25 dividend. The ex-dividend date was Thursday, January 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. Coca-Cola Bottling Co Consolidated’s payout ratio is presently 9.71%.
Separately, BidaskClub cut Coca-Cola Bottling Co Consolidated from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 11th.
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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.
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