Coca-Cola Bottling Co. Consolidated Given Neutral Rating at Citigroup Inc. (COKE)
Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup Inc. in a research report issued to clients and investors on Friday. They currently have a $72.00 target price on the stock, down from their previous target price of $83.00. Citigroup Inc.’s price target points to a potential downside of 0.22% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bernstein raised their price target on shares of Coca-Cola Bottling Co. Consolidated from $44.00 to $45.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Nomura cut their price target on shares of Coca-Cola Bottling Co. Consolidated from $54.00 to $53.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Finally, analysts at Societe Generale downgraded shares of Coca-Cola Bottling Co. Consolidated from a “buy” rating to a “hold” rating in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Coca-Cola Bottling Co. Consolidated has a consensus rating of “Hold” and a consensus target price of $56.67.
Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) traded up 1.86% on Friday, hitting $73.50. The stock had a trading volume of 8,014 shares. Coca-Cola Bottling Co. Consolidated has a 1-year low of $59.06 and a 1-year high of $89.40. The stock’s 50-day moving average is $72.67 and its 200-day moving average is $76.77. The company has a market cap of $681.4 million and a P/E ratio of 24.08.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, July 30th.
Coca Cola Bottling Co Consolidated, formerly Coca-Cola Bottling Co Consolidated, produces, markets and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company, Atlanta, Georgia (NASDAQ:COKE), which include beverage brands in the world.
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