Coca-Cola Bottling Co Consolidated (COKE) AI Stock Analysis

• Market Cap: $9.69B
• Dividend Yield: 9.24%
• Average Volume (3M): 735.48K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 0.29
• Revenue Growth: 3.21%
• EPS Growth: 31.84%
• Country: US
• Employees: 15,000
• Sector: Consumer Defensive
• Sector Strength: 63
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 1.56
• Shares Outstanding: 77,130,880
• 10 Day Avg. Volume: 676,569
• 30 Day Avg. Volume: 735,480
• PEG Ratio: 0.09
• Price to Book (P/B): 4.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 21.32
• Enterprise Value/Market Cap: 0.55
• Enterprise Value/Revenue: 0.20
• Enterprise Value/Gross Profit: 1.96
• Enterprise Value/Ebitda: 1.23
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: $1,288.00 ▲(1090.61%Upside)

Coca-Cola Bottling Co Consolidated's strong financial performance and strategic corporate events support a positive outlook. However, bearish technical indicators and a low dividend yield present challenges. The stock is reasonably valued, balancing out the overall assessment.

Coca-Cola Bottling Co Consolidated Business Overview & Revenue Model

Company Description

Coca-Cola Bottling Co. Consolidated (COKE) is one of the largest independent Coca-Cola bottlers in the United States. The company is engaged in the production, marketing, and distribution of nonalcoholic beverages, primarily under the Coca-Cola brand. COKE operates in the beverage manufacturing and distribution sector, offering a wide range of carbonated and non-carbonated beverages, including sparkling drinks, energy drinks, water, sports drinks, and ready-to-drink teas.

How the Company Makes Money

Coca-Cola Bottling Co. Consolidated makes money primarily through the production and distribution of beverages. The company generates revenue by selling a diverse portfolio of Coca-Cola branded products to retailers, convenience stores, and other distributors. Key revenue streams include the sale of bottled and canned beverages, as well as fountain products. COKE benefits from a franchise agreement with The Coca-Cola Company, which provides exclusive rights to manufacture and distribute its products within specified territories. This partnership allows COKE to leverage Coca-Cola's brand recognition and marketing efforts, contributing significantly to its earnings. Additional revenue comes from various service agreements and the provision of vending machine services.

Coca-Cola Bottling Co Consolidated Financial Statement Overview

Summary

Coca-Cola Bottling Co Consolidated demonstrates strong financial performance with robust profitability and effective cash flow management. The company shows consistent revenue growth and maintains a stable balance sheet with manageable leverage and high returns on equity.

Income Statement

Coca-Cola Bottling Co Consolidated demonstrates strong income statement performance with a robust gross profit margin of 39.75% TTM and a net profit margin of 8.29% TTM. Revenue growth is healthy, with a 3.71% increase from 2022 to 2023. EBIT and EBITDA margins are solid at 12.97% and 14.23% TTM, respectively, indicating strong operational efficiency. Overall, the company shows consistent profitability and growth.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 1.27 TTM, indicating manageable leverage. The return on equity is impressive at 38.07% TTM, showcasing strong profitability relative to shareholder equity. The equity ratio stands at 27.75% TTM, reflecting a moderate level of equity financing. Overall, the balance sheet displays financial stability with potential for growth.

Cash Flow

Cash flow analysis reveals a positive trajectory with a free cash flow growth rate of -3.09% compared to the previous year, indicating slight pressure. However, the operating cash flow to net income ratio of 1.54 and the free cash flow to net income ratio of 0.86 TTM reflect strong cash generation capabilities. The company maintains healthy cash flow management, supporting its operational and financing needs.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.89B	6.90B	6.65B	6.20B	5.56B	5.01B
	Gross Profit
2.74B	2.75B	2.60B	2.28B	1.95B	1.77B
	EBIT
893.43M	920.35M	834.45M	641.05M	288.60M	313.38M
	EBITDA
979.96M	1.05B	898.62M	771.47M	469.16M	456.79M
	Net Income Common Stockholders
571.00M	633.13M	408.38M	430.16M	189.58M	172.49M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.49B	1.44B	635.27M	197.65M	142.31M	54.79M
	Total Assets
5.40B	5.31B	4.29B	3.71B	3.45B	3.22B
	Total Debt
1.90B	1.91B	735.14M	755.04M	938.60M	1.16B
	Net Debt
750.24M	771.17M	99.87M	557.39M	796.29M	1.10B
	Total Liabilities
3.90B	3.90B	2.85B	2.59B	2.73B	2.71B
	Stockholders Equity
1.50B	1.42B	1.44B	1.12B	711.79M	512.99M
Cash Flow		Free Cash Flow
489.75M	505.34M	528.39M	225.25M	366.06M	292.43M
	Operating Cash Flow
881.59M	876.36M	810.69M	554.51M	521.75M	494.46M
	Investing Cash Flow
-558.63M	-682.20M	-295.35M	-324.99M	-161.94M	-200.42M
	Financing Cash Flow
428.92M	306.40M	-77.72M	-174.19M	-272.29M	-248.86M

Coca-Cola Bottling Co Consolidated Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 108.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COKE, the sentiment is Negative. The current price of 108.18 is below the 20-day moving average (MA) of 112.47, below the 50-day MA of 123.00, and below the 200-day MA of 127.80, indicating a bearish trend. The MACD of -3.65 indicates Negative momentum. The RSI at 39.95 is Neutral, neither overbought nor oversold. The STOCH value of 45.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COKE.

Coca-Cola Bottling Co Consolidated Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KO	80 Outperform	$311.41B	28.97	40.98%	2.82%	1.15%	0.28%
CCEP	79 Outperform	$42.80B	27.86	17.43%	1.89%	11.73%	-15.34%
KOF	74 Outperform	$5.10B	16.26	17.12%	1.83%	1.54%	4.48%
KDP	73 Outperform	$44.75B	29.85	6.13%	2.79%	3.95%	-28.73%
PEP	73 Outperform	$180.75B	19.38	50.06%	4.38%	-0.38%	2.23%
COKE	69 Neutral	$9.69B	19.32	36.83%	9.24%	3.21%	31.84%
Sector *	65 Neutral	$8.92B	15.03	4.68%	6.11%	3.59%	-2.49%

Coca-Cola Bottling Co Consolidated Corporate Events

Coca-Cola Consolidated Approves 10-for-1 Stock Split

On May 13, 2025, Coca-Cola Consolidated’s stockholders approved a 10-for-1 stock split of its Common Stock and Class B Common Stock during the Annual Meeting, with the amendment becoming effective on May 16, 2025. The stock split aims to make the company’s stock more accessible to a broader range of investors, with trading on a split-adjusted basis expected to begin on May 27, 2025.