Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) To Grow after new CEO

Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) is currently in the transformation phase of cutting its reliance on traditional soda business as consumers around the world become increasingly health conscious. The stock has gained about 30% in value over the last six months. Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) recently appointed James Quincey as the company’s new CEO. The company earned $0.43 a share on $9.12 billion revenue, versus the analysts’ forecast of $0.44 EPS and $8.89 billion revenue.

Investment firm UBS recently upped its price target on Coke stock to $49 from $48. The firm has a “Buy” rating on the stock. UBS thinks that the new CEO’s initiatives will make the stock more valuable in the future. Famous analyst Jim Cramer also thinks that Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) is heading upwards after the CEO transition.

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