After Coca-Cola Bottling announced better profit compared to market expectations, the stock touched a new 52-week high during trading on Monday. The company traded up to $108.00 and closed at $107.90. Earlier, the stock had closed at $106.65.

In a research note on Friday, analysts at Citigroup Inc. set a $112.00 price target on shares of Coca-Cola Bottling Co. Consolidated, an improvement from its earlier target of $100.00. The stock has been rated by three equities research analysts with a hold rating. And a buy rating has also been issued for the company by three analysts. Currently, Coca-Cola Bottling Co. Consolidated has an average rating of 'Buy'.

The company reported $0.32 earnings per share (EPS) for the quarter, beating the expectations of $0.13 by $0.19. The revenue of the company was $440.60 million for the quarter, compared to the consensus estimate of $394.30 million. It has been anticipated that on average, Coca-Cola Bottling Co. Consolidated will be posting $5.14 earnings per share for the current fiscal year.

The company is the producer and distributor of nonalcoholic beverages, which mainly include products of The Coca-Cola Company, Atlanta, Georgia. The Coca- Cola Company had a 34.8% interest in the Company as of December 29, 2013.

Coca-Cola will be working in association with health and nutrition experts to promote that its coke products are good for fitness. Recently, the company faced criticism over increasing obesity in the US due to consumption of its products.