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

• Market Cap: $9.85B
• Dividend Yield: 0.7%
• Average Volume (3M): 62.55K
• Price to Earnings (P/E): 19.7
• Beta (1Y): 0.30
• Revenue Growth: 3.21%
• EPS Growth: 31.83%
• Country: US
• Employees: 15,000
• Sector: Consumer Defensive
• Sector Strength: 72
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 15.62
• Shares Outstanding: 7,713,088
• 10 Day Avg. Volume: 65,574
• 30 Day Avg. Volume: 62,551
• PEG Ratio: -2.20
• Price to Book (P/B): 6.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 21.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 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 ▲( 13.96% 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 the largest independent Coca-Cola bottler in the United States. The company is engaged in the production, marketing, and distribution of nonalcoholic beverages, primarily products of The Coca-Cola Company. It operates in the beverage industry, focusing on popular soft drinks, energy drinks, and water brands. With a strong presence across the southeastern United States, COKE manages a vast network of manufacturing facilities and distribution centers to efficiently serve its regional market.

How the Company Makes Money

Coca-Cola Bottling Co. Consolidated generates revenue primarily through the sale of nonalcoholic beverages, which include carbonated soft drinks, energy drinks, and bottled water. The company purchases concentrates and syrups from The Coca-Cola Company, which are then mixed, packaged, and distributed to a wide range of retail outlets, vending machines, and restaurants. Revenue is driven by sales volume, pricing strategies, and the efficiency of its distribution network. Additionally, COKE benefits from strategic partnerships with The Coca-Cola Company, which provide marketing support and product innovation. The company's earnings are also influenced by factors such as consumer preferences, competitive pricing, and operational efficiencies in its production and distribution processes.

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 maintains a stable balance sheet with manageable leverage and high returns on equity. Minor pressures on free cash flow growth are present, but 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
	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
635.27M	1.44B	635.27M	197.65M	142.31M	54.79M
	Total Assets
4.29B	5.31B	4.29B	3.71B	3.45B	3.22B
	Total Debt
735.14M	1.91B	735.14M	755.04M	938.60M	1.16B
	Net Debt
99.87M	771.17M	99.87M	557.39M	796.29M	1.10B
	Total Liabilities
2.85B	3.90B	2.85B	2.59B	2.73B	2.71B
	Stockholders Equity
1.44B	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: 1130.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 1130.24 is below the 20-day moving average (MA) of 1200.64, below the 50-day MA of 1287.50, and below the 200-day MA of 1289.23, indicating a bearish trend. The MACD of -48.24 indicates Positive momentum. The RSI at 33.17 is Neutral, neither overbought nor oversold. The STOCH value of 18.57 is Positive, 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	$308.57B	28.70	40.98%	2.73%	1.15%	0.28%
CCEP	79 Outperform	$40.81B	26.56	17.43%	2.39%	11.73%	-15.34%
PEP	75 Outperform	$178.40B	19.13	50.06%	4.16%	-0.38%	2.23%
KOF	74 Outperform	$4.90B	15.65	17.12%	3.10%	1.54%	4.48%
KDP	73 Outperform	$44.83B	29.90	6.13%	2.69%	3.95%	-28.73%
COKE	69 Neutral	$9.85B	19.65	36.83%	0.70%	3.21%	31.83%
Sector *	64 Neutral	$8.78B	14.55	4.78%	173.91%	3.39%	2.17%

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.