Coca-cola Bottling Co. Consolidated (COKE)
NASDAQ:COKE
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Coca-Cola Bottling Co Consolidated
(NASDAQ:COKE)
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Rating:57Neutral
Price Target:
$178.00
â–²(18.52% Upside)
Action:Reiterated
Date:05/14/26
The score is primarily driven by solid operating results and strong free cash flow, tempered by elevated balance-sheet risk from negative equity and high debt. Technicals are a notable drag due to bearish trend signals, while valuation is only moderately supportive given the ~24.7 P/E and low dividend yield.
Positive Factors
Free Cash Flow Strength
Sustained FCF (~$662M, +6.7%) provides durable internal funding for capex, working capital and debt service. Over a 2-6 month horizon strong cash conversion supports reinvestment in distribution, dividend coverage and capacity to pursue modest deleveraging or opportunistic investments.
Negative Factors
Negative Stockholders' Equity
Shift to negative equity and elevated absolute debt (~$2.75B) materially reduces the balance-sheet cushion, increasing refinancing and covenant risk. This structural weakness constrains strategic optionality, makes capital raises more costly and limits ability to absorb shocks over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Sustained FCF (~$662M, +6.7%) provides durable internal funding for capex, working capital and debt service. Over a 2-6 month horizon strong cash conversion supports reinvestment in distribution, dividend coverage and capacity to pursue modest deleveraging or opportunistic investments.
Read all positive factors
Coca-Cola Bottling Co Consolidated Key Performance Indicators (KPIs)
Coca-Cola Bottling Co Consolidated (COKE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.88B
Dividend Yield0.61%
Average Volume (3M)501.94K
Price to Earnings (P/E)24.7
Beta (1Y)0.24
Revenue Growth8.81%
EPS Growth14.00%
CountryUS
Employees15,000
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)7.82
Shares Outstanding56,517,334
10 Day Avg. Volume429,625
30 Day Avg. Volume501,940
Financial Highlights & Ratios
PEG Ratio1.87
Price to Book (P/B)-15.26
Price to Sales (P/S)1.56
P/FCF Ratio18.08
Enterprise Value/Market Cap1.49
Enterprise Value/Revenue2.16
Enterprise Value/Gross Profit5.50
Enterprise Value/Ebitda14.74
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Coca-Cola Bottling Co Consolidated Business Overview & Revenue Model
Company Description
Coca-Cola Consolidated, Inc., together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as carbonate...
How the Company Makes Money
COKE primarily makes money by manufacturing (bottling/packaging) and distributing finished beverages to customers in its territories and recognizing revenue from the sale of those products. Its core revenue stream is case-volume driven: it sells s...
Coca-Cola Bottling Co Consolidated Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
34
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.49B | 7.23B | 6.90B | 6.65B | 6.20B | 5.56B |
| Gross Profit | 2.95B | 2.87B | 2.75B | 2.60B | 2.28B | 1.95B |
| EBITDA | 1.10B | 1.17B | 1.05B | 1.01B | 771.47M | 469.16M |
| Net Income | 578.53M | 570.58M | 633.13M | 408.38M | 430.16M | 189.58M |
Balance Sheet | ||||||
| Total Assets | 4.39B | 4.62B | 5.31B | 4.29B | 3.71B | 3.45B |
| Cash, Cash Equivalents and Short-Term Investments | 232.95M | 281.92M | 1.44B | 635.27M | 197.65M | 142.31M |
| Total Debt | 2.75B | 3.00B | 1.91B | 735.14M | 755.04M | 938.60M |
| Total Liabilities | 5.04B | 5.36B | 3.90B | 2.85B | 2.59B | 2.73B |
| Stockholders Equity | -643.47M | -739.72M | 1.42B | 1.44B | 1.12B | 711.79M |
Cash Flow | ||||||
| Free Cash Flow | 662.11M | 624.72M | 505.34M | 528.39M | 225.25M | 366.06M |
| Operating Cash Flow | 939.67M | 937.03M | 876.36M | 810.69M | 554.51M | 521.75M |
| Investing Cash Flow | 52.34M | -19.02M | -682.20M | -295.35M | -324.99M | -161.94M |
| Financing Cash Flow | -1.91B | -1.77B | 306.40M | -77.72M | -174.19M | -272.29M |
Coca-Cola Bottling Co Consolidated Technical Analysis
Neutral
150.18
Price Trends
191.54
Negative
174.23
Positive
148.39
Positive
Market Momentum
-0.41
Positive
46.45
Neutral
15.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COKE, the sentiment is Neutral. The current price of 150.18 is below the 20-day moving average (MA) of 193.01, below the 50-day MA of 191.54, and above the 200-day MA of 148.39, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 46.45 is Neutral, neither overbought nor oversold. The STOCH value of 15.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for COKE.
Coca-Cola Bottling Co Consolidated Risk Analysis
Coca-Cola Bottling Co Consolidated disclosed 21 risk factors in its most recent earnings report. Coca-Cola Bottling Co Consolidated reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Coca-Cola Bottling Co Consolidated Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $346.13B | 21.03 | 43.62% | 2.92% | 6.74% | 27.16% | |
70 Outperform | $203.20B | 21.93 | 43.94% | 3.91% | 4.29% | -6.45% | |
69 Neutral | $40.70B | 8.42 | 24.48% | 2.52% | 6.82% | 44.68% | |
67 Neutral | $5.51B | 169.26 | 16.39% | 3.98% | 6.57% | -0.27% | |
64 Neutral | $39.59B | 33.14 | 7.25% | 3.12% | 9.19% | 21.61% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | $10.88B | 24.66 | 122.90% | 0.61% | 8.81% | 14.00% |
* Consumer Defensive Sector Average
COKE
Coca-Cola Bottling Co Consolidated
163.43
48.01
41.60%
KOF
Coca Cola Femsa SAB De CV
104.89
17.05
19.41%
KO
Coca-Cola
80.45
10.86
15.60%
KDP
Keurig Dr Pepper
29.10
-3.35
-10.33%
PEP
PepsiCo
148.67
22.23
17.58%
CCEP
Coca-Cola Europacific Partners
90.83
5.28
6.17%
Coca-Cola Bottling Co Consolidated Corporate Events
Executive/Board ChangesShareholder Meetings
Coca-Cola Consolidated Shareholders Back Governance and Oversight
Positive
May 13, 2026
On May 12, 2026, Coca-Cola Consolidated, Inc. held its 2026 Annual Meeting of Stockholders, where shareholders elected all 11 director nominees to serve until the 2027 annual meeting or until their successors are chosen. Stockholders also approved...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.