Why Coca-Cola Bottling (COKE) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of Coca-Cola Bottling Co. (COKE) are up by 1.23% to 71.50 in late morning trading on Wednesday, following yesterday's earnings release which showed an increase in net income to $13.8 million, or $1.49 per share for the 2014 second quarter, compared to $11.2 million, or $1.21 per share or the same period last year.

The company, which produces, markets, and distributes nonalcoholic beverages for The Coca-Cola Co (KO), said net sales for the most recent quarter grew to $459.5 million, from $429 million for the 2013 second quarter.

Coca-Cola Bottling's comparable earnings also increased to $15.5 million, or $1.67 per share for the 2014 second quarter, versus $12 million, or $1.29 per share for the 2013 second quarter.

Must Read: Warren Buffett's 25 Favorite Stocks


Separately, TheStreet Ratings team rates COCA-COLA BTLNG CONS as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate COCA-COLA BTLNG CONS (COKE) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."

COKE ChartCOKE data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

AMD Rises Above the Competition; Loan Losses Mount for Big Banks -- ICYMI

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

McKesson Internal Review Clears Senior Management of Wrongdoing on Opioids

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Starbucks Surprises Wall Street With U.S. Sales Up a Paltry 2%

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2

Why Nashville, Denver, LA Should Reconsider Bids for Amazon HQ2