Bragg Financial Advisors Inc Holds Position in Coca-Cola Bottling Co. Consolidated (COKE)

Bragg Financial Advisors Inc held its position in Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,232 shares of the company’s stock at the end of the first quarter. Bragg Financial Advisors Inc’s holdings in Coca-Cola Bottling Co. Consolidated were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 9.8% in the fourth quarter. State Street Corp now owns 89,077 shares of the company’s stock valued at $15,933,000 after buying an additional 7,962 shares in the last quarter. Martingale Asset Management L P boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 308.0% in the fourth quarter. Martingale Asset Management L P now owns 10,201 shares of the company’s stock valued at $1,825,000 after buying an additional 7,701 shares in the last quarter. FMR LLC boosted its position in shares of Coca-Cola Bottling Co. Consolidated by 0.5% in the fourth quarter. FMR LLC now owns 976,342 shares of the company’s stock valued at $174,619,000 after buying an additional 5,004 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the fourth quarter valued at approximately $405,000. Finally, Norges Bank purchased a new position in shares of Coca-Cola Bottling Co. Consolidated during the fourth quarter valued at approximately $1,222,000. Hedge funds and other institutional investors own 38.62% of the company’s stock.

Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ COKE) traded up 1.60% during trading on Wednesday, reaching $231.14. 11,167 shares of the company traded hands. Coca-Cola Bottling Co. Consolidated has a 52 week low of $125.00 and a 52 week high of $240.45. The company has a market capitalization of $2.16 billion, a P/E ratio of 39.22 and a beta of 0.03. The company’s 50-day moving average price is $223.95 and its 200-day moving average price is $194.77.

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) last released its earnings results on Tuesday, May 9th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by $0.59. Coca-Cola Bottling Co. Consolidated had a return on equity of 14.95% and a net margin of 1.62%. The firm had revenue of $865.70 million for the quarter. Equities research analysts forecast that Coca-Cola Bottling Co. Consolidated will post $9.75 EPS for the current fiscal year.

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Separately, BidaskClub cut shares of Coca-Cola Bottling Co. Consolidated from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th.

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.

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

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