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

• Market Cap: $10.08B
• Dividend Yield: 0.86%
• Average Volume (3M): 690.04K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.32
• Revenue Growth: 3.21%
• EPS Growth: 31.84%
• Country: US
• Employees: 15,000
• Sector: Consumer Defensive
• Sector Strength: 56
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 1.56
• Shares Outstanding: 77,130,880
• 10 Day Avg. Volume: 854,921
• 30 Day Avg. Volume: 690,045
• PEG Ratio: -1.97
• Price to Book (P/B): 6.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 19.07
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 0.37
• Enterprise Value/Gross Profit: 3.68
• Enterprise Value/Ebitda: 2.32
• 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 ▲(1010.82%Upside)

Coca-Cola Bottling Co Consolidated's overall stock score is driven primarily by its strong financial performance and positive impact from the stock split, which enhances accessibility and investor interest. However, bearish technical indicators and fair valuation limit the score.

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 carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks. It also sells its products to other Coca-Cola bottlers; and post-mix products that are dispensed through equipment, which mixes the fountain syrup with carbonated or still water enabling fountain retailers to sell finished products to consumers in cups or glasses. In addition, the company distributes products for various other beverage brands that include Dr Pepper and Monster Energy. It sells and distributes its products directly to grocery stores, mass merchandise stores, club stores, convenience stores, and drug stores; and restaurants, schools, amusement parks, and recreational facilities, as well as through vending machine outlets. The company was formerly known as Coca-Cola Bottling Co. Consolidated and changed its name to Coca-Cola Consolidated, Inc. in January 2019. Coca-Cola Consolidated, Inc. was incorporated in 1980 and is headquartered in Charlotte, North Carolina.

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 overall financial performance with consistent revenue growth, robust profitability, and effective cash flow management. The company maintains a stable balance sheet with manageable leverage and high returns on equity. Minor pressures exist on free cash flow growth, but the overall financial health is solid.

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
EBITDA	979.96M	1.05B	898.62M	771.47M	469.16M	456.79M
Net Income	571.00M	633.13M	408.38M	430.16M	189.58M	172.49M
Balance Sheet
Total Assets	5.40B	5.31B	4.29B	3.71B	3.45B	3.22B
Cash, Cash Equivalents and Short-Term Investments	1.49B	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	3.90B	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: Neutral
• Last Price: 115.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 115.95 is above the 20-day moving average (MA) of 109.38, below the 50-day MA of 115.96, and below the 200-day MA of 126.37, indicating a neutral trend. The MACD of -0.55 indicates Negative momentum. The RSI at 59.54 is Neutral, neither overbought nor oversold. The STOCH value of 90.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
CCEP	79 Outperform	$42.93B	27.94	17.43%	1.89%	11.73%	-15.34%
PEP	77 Outperform	$185.45B	19.89	50.06%	4.21%	-0.38%	2.23%
KO	75 Outperform	$308.49B	28.70	40.98%	2.85%	1.15%	0.28%
KOF	74 Outperform	$5.03B	16.08	17.12%	1.85%	1.54%	4.48%
KDP	72 Outperform	$45.59B	30.41	6.13%	2.74%	3.95%	-28.73%
COKE	69 Neutral	$10.08B	20.11	36.83%	0.86%	3.21%	31.84%
Sector *	65 Neutral	$27.28B	15.30	-4.01%	3.16%	1.00%	1.98%

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.