Revenue Update on Coca-Cola Bottling Co. Consolidated(NASDAQ:COKE)

Coca-Cola Bottling Co. Consolidated(NASDAQ:COKE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Earnings per share were $2.03. Analysts had estimated an EPS of $2.75.

In a different note, On May 20, 2016, Citigroup said it Maintains its rating on Coca-Cola Bottling Co. Consolidated. In the research note, the firm Lowers the price-target to $190.00 per share. The shares have been rated ‘Neutral’ by the firm.

Coca-Cola Bottling Co. Consolidated (COKE) shares turned negative on Wednesdays trading session with the shares closing down -2.26 points or -1.47% at a volume of 61,799. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $152.909. The peak price level was also seen at $152.909 while the days lowest was $150.01. Finally the shares closed at $151.7. The 52-week high of the shares is $220.93 while the 52-week low is $119.8. According to the latest information available, the market cap of the company is $1,413 M.

Coca-Cola Bottling Co. Consolidated produces markets and distributes nonalcoholic beverages primarily products of The Coca-Cola Company Atlanta Georgia. The Company is an independent Coca-Cola bottler in the United States. The Company holds Cola Beverage Agreements and Allied Beverage Agreements under which it produces distributes and markets in certain regions of North and South Carolina South Alabama South Georgia Central Tennessee Western Virginia and West Virginia (the Legacy Territories) sparkling beverages of The Coca-Cola Company. The Company holds Still Beverage Agreements under which it distributes and markets in certain regions of the Legacy Territories still beverages of The Coca-Cola Company such as POWERade vitaminwater and Minute Maid Juices To Go and produces distributes and markets Dasani water products. The Company’s owned products include Tum-E Yummies a vitamin-C enhanced flavored drink and Fuel in a Bottle power shots.

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