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

• Market Cap: $10.16B
• Dividend Yield: 4.97%
• Average Volume (3M): 494.51K
• Price to Earnings (P/E): 19.5
• Beta (1Y): 0.41
• Revenue Growth: 3.22%
• EPS Growth: 23.88%
• Country: US
• Employees: 15,000
• Sector: Consumer Defensive
• Sector Strength: 48
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 2.24
• Shares Outstanding: 76,838,940
• 10 Day Avg. Volume: 383,880
• 30 Day Avg. Volume: 494,513
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 1.61
• Enterprise Value/Gross Profit: 4.04
• Enterprise Value/Ebitda: 11.07
• 1Y Price Target: $134.00
• Price Target Upside: 12.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 78 Outperform
• Price Target: $134.00 ▲(12.31% Upside)

Coca-Cola Bottling Co Consolidated's overall stock score is driven by strong financial performance and attractive valuation. The company's robust revenue growth and profitability are offset by high leverage and declining free cash flow. Technical analysis shows mixed signals, with moderate bullish momentum. The reasonable P/E ratio and high dividend yield enhance the stock's appeal.

Coca-Cola Bottling Co Consolidated Business Overview & Revenue Model

Company Description

Coca-Cola Bottling Co Consolidated (COKE) is the largest independent Coca-Cola bottler in the United States, primarily engaged in the manufacturing, marketing, and distribution of Coca-Cola products. Operating in the non-alcoholic beverage sector, the company offers a diverse portfolio of beverages, including carbonated soft drinks, water, juices, and sports drinks. With a focus on operational excellence and customer satisfaction, COKE serves a wide range of retail partners across various channels, including convenience stores, restaurants, and supermarkets.

How the Company Makes Money

Coca-Cola Bottling Co Consolidated generates revenue through the sale of its bottled beverages, which includes a broad array of Coca-Cola products and other drinks under the Coca-Cola brand. The company's revenue model is primarily driven by distribution agreements with The Coca-Cola Company, allowing it to manufacture and distribute branded products in designated territories. Key revenue streams include direct sales to retailers and wholesalers, as well as services related to marketing and promotion of its beverage products. Additionally, COKE benefits from strategic partnerships with various retailers and organizations, enhancing its market reach and customer base. Factors contributing to its earnings include effective supply chain management, product diversification, and brand loyalty associated with the Coca-Cola brand.

Coca-Cola Bottling Co Consolidated Financial Statement Overview

Summary

Coca-Cola Bottling Co Consolidated demonstrates strong revenue growth and profitability, supported by efficient equity utilization. However, the company faces challenges with high leverage and declining free cash flow. Continued focus on cost management and cash flow improvement will be crucial for sustaining financial health.

Income Statement

Coca-Cola Bottling Co Consolidated shows strong revenue growth with a TTM (Trailing-Twelve-Months) revenue growth rate of 86.5%. The gross profit margin is healthy at approximately 39.8%, and the net profit margin is solid at 8.4%. However, there is a slight decline in EBIT and EBITDA margins compared to the previous year, indicating potential cost pressures.

Balance Sheet

The company maintains a high debt-to-equity ratio of 1.17, reflecting significant leverage. However, the return on equity is robust at 40.2%, indicating efficient use of equity to generate profits. The equity ratio is moderate, suggesting a balanced approach to financing assets.

Cash Flow

Operating cash flow is strong, but free cash flow has declined by 2.7% in the TTM period. The operating cash flow to net income ratio is healthy at 0.63, indicating good cash generation relative to net income. However, the free cash flow to net income ratio has slightly decreased, suggesting potential challenges in maintaining free cash flow levels.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.95B	6.90B	6.65B	6.20B	5.56B	5.01B
Gross Profit	2.77B	2.75B	2.60B	2.28B	1.95B	1.77B
EBITDA	1.01B	1.05B	1.01B	771.47M	469.16M	456.79M
Net Income	585.57M	633.13M	408.38M	430.16M	189.58M	172.49M
Balance Sheet
Total Assets	5.54B	5.31B	4.29B	3.71B	3.45B	3.22B
Cash, Cash Equivalents and Short-Term Investments	1.57B	1.44B	635.27M	197.65M	142.31M	54.79M
Total Debt	1.90B	1.91B	735.14M	755.04M	938.60M	1.16B
Total Liabilities	3.91B	3.90B	2.85B	2.59B	2.73B	2.71B
Stockholders Equity	1.63B	1.42B	1.44B	1.12B	711.79M	512.99M
Cash Flow
Free Cash Flow	476.45M	505.34M	528.39M	225.25M	366.06M	292.43M
Operating Cash Flow	845.45M	876.36M	810.69M	554.51M	521.75M	494.46M
Investing Cash Flow	-527.38M	-682.20M	-295.35M	-324.99M	-161.94M	-200.42M
Financing Cash Flow	-797.43M	306.40M	-77.72M	-174.19M	-272.29M	-248.86M

Coca-Cola Bottling Co Consolidated Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 119.31
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 119.31 is above the 20-day moving average (MA) of 116.38, above the 50-day MA of 114.57, and below the 200-day MA of 123.92, indicating a neutral trend. The MACD of 1.01 indicates Negative momentum. The RSI at 59.43 is Neutral, neither overbought nor oversold. The STOCH value of 53.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
COKE	78 Outperform	$10.16B	19.48	41.45%	4.97%	3.22%	23.88%
PEP	76 Outperform	$205.74B	27.40	39.88%	3.78%	-0.34%	-20.51%
KO	74 Outperform	$297.21B	24.47	44.76%	2.92%	1.34%	14.67%
KOF	71 Outperform	$4.41B	14.80	16.78%	3.99%	-4.05%	-3.69%
CCEP	70 Outperform	$40.29B	24.08	17.99%	2.54%	9.65%	-4.26%
KDP	68 Neutral	$39.27B	25.65	6.18%	3.15%	4.63%	-28.22%
Sector *	63 Neutral	$20.49B	14.78	-2.88%	3.11%	1.86%	-5.76%

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.