Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

Shares of Coca-Cola Bottling Co Consolidated (COKE) traded down $3.45 during mid-day trading on Thursday, hitting $200.51. 51,800 shares of the company traded hands, compared to its average volume of 53,967. The company has a market cap of $1,871.36, a P/E ratio of 46.74 and a beta of 0.03. The company has a quick ratio of 1.28, a current ratio of 1.61 and a debt-to-equity ratio of 3.04. Coca-Cola Bottling Co Consolidated has a 1-year low of $162.30 and a 1-year high of $249.54.

Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) last announced its earnings results on Tuesday, November 7th. The company reported $1.85 EPS for the quarter. Coca-Cola Bottling Co Consolidated had a net margin of 0.99% and a return on equity of 13.67%.

Hedge funds have recently made changes to their positions in the stock. First Quadrant L P CA bought a new stake in shares of Coca-Cola Bottling Co Consolidated during the 3rd quarter worth about $108,000. Royal Bank of Canada boosted its holdings in Coca-Cola Bottling Co Consolidated by 15.2% in the 2nd quarter. Royal Bank of Canada now owns 530 shares of the company’s stock valued at $122,000 after purchasing an additional 70 shares during the period. Quantbot Technologies LP bought a new stake in Coca-Cola Bottling Co Consolidated in the 3rd quarter valued at about $134,000. Pinebridge Investments L.P. boosted its holdings in Coca-Cola Bottling Co Consolidated by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 612 shares of the company’s stock valued at $140,000 after purchasing an additional 6 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in Coca-Cola Bottling Co Consolidated in the 3rd quarter valued at about $222,000. 37.67% of the stock is owned by institutional investors and hedge funds.

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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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