Coca-Cola Bottling Co. (coke) Declares $0.25 Quarterly Dividend
Coca-Cola Bottling Co. (NASDAQ:coke) announced a quarterly dividend on Friday, October 14th. Investors of record on Friday, October 28th will be given a dividend of 0.25 per share on Thursday, November 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, October 26th.
Shares of Coca-Cola Bottling (NASDAQ:COKE) opened at 140.35 on Monday. Coca-Cola Bottling has a 12-month low of $119.80 and a 12-month high of $217.13. The firm has a market capitalization of $1.31 billion, a PE ratio of 36.88 and a beta of 0.05. The company’s 50-day moving average price is $146.77 and its 200-day moving average price is $147.04.
Hedge funds have recently modified their holdings of the company. Laurion Capital Management LP acquired a new stake in shares of Coca-Cola Bottling during the second quarter worth $1,136,000. Teachers Advisors Inc. increased its stake in shares of Coca-Cola Bottling by 6.0% in the second quarter. Teachers Advisors Inc. now owns 7,318 shares of the company’s stock worth $1,079,000 after buying an additional 415 shares during the last quarter. FMR LLC increased its stake in shares of Coca-Cola Bottling by 9.0% in the second quarter. FMR LLC now owns 1,071,137 shares of the company’s stock worth $157,960,000 after buying an additional 88,755 shares during the last quarter. WFG Advisors LP increased its stake in shares of Coca-Cola Bottling by 11.5% in the second quarter. WFG Advisors LP now owns 1,450 shares of the company’s stock worth $214,000 after buying an additional 150 shares during the last quarter. Finally, AXA increased its stake in shares of Coca-Cola Bottling by 391.7% in the second quarter. AXA now owns 17,700 shares of the company’s stock worth $2,610,000 after buying an additional 14,100 shares during the last quarter. Hedge funds and other institutional investors own 39.43% of the company’s stock.
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Separately, TheStreet upgraded Coca-Cola Bottling from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th.
Coca-Cola Bottling Company Profile
Coca-Cola Bottling Co Consolidated produces, markets and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company, which include beverage brands. The Company is an independent Coca-Cola bottler in the United States. The Company’s segments are Nonalcoholic Beverages and All Other.
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