Bank of New York Mellon Corp increased its stake in Coca-Cola Bottling Co. (NASDAQ:COKE) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,720 shares of the company’s stock after buying an additional 993 shares during the period. Bank of New York Mellon Corp owned approximately 0.28% of Coca-Cola Bottling worth $3,793,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in Coca-Cola Bottling during the second quarter worth about $4,940,000. Prudential Financial Inc. raised its stake in Coca-Cola Bottling by 182.8% in the first quarter. Prudential Financial Inc. now owns 22,585 shares of the company’s stock worth $3,608,000 after buying an additional 14,600 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in Coca-Cola Bottling during the second quarter worth about $2,139,000. Capital Fund Management S.A. raised its stake in Coca-Cola Bottling by 160.0% in the second quarter. Capital Fund Management S.A. now owns 7,900 shares of the company’s stock worth $1,165,000 after buying an additional 4,861 shares during the period. Finally, American Century Companies Inc. raised its stake in Coca-Cola Bottling by 12.0% in the second quarter. American Century Companies Inc. now owns 42,617 shares of the company’s stock worth $6,285,000 after buying an additional 4,565 shares during the period. Hedge funds and other institutional investors own 39.43% of the company’s stock.
Coca-Cola Bottling Co. (NASDAQ:COKE) traded down 1.39% during midday trading on Wednesday, reaching $146.13. 58,670 shares of the company’s stock were exchanged. Coca-Cola Bottling Co. has a 52 week low of $119.80 and a 52 week high of $220.93. The firm has a market capitalization of $1.36 billion, a P/E ratio of 38.39 and a beta of 0.08. The stock’s 50 day moving average is $150.24 and its 200 day moving average is $148.87.
Separately, TheStreet upgraded shares of 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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