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

• Market Cap: $13.98B
• Dividend Yield: 0.6%
• Average Volume (3M): 491.32K
• Price to Earnings (P/E): 25.3
• Beta (1Y): 0.32
• Revenue Growth: 4.22%
• EPS Growth: 22.24%
• Country: US
• Employees: 15,000
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 2.06
• Shares Outstanding: 75,402,470
• 10 Day Avg. Volume: 491,035
• 30 Day Avg. Volume: 491,316
• PEG Ratio: 0.30
• Price to Book (P/B): 8.03
• Price to Sales (P/S): 1.65
• P/FCF Ratio: 22.54
• Enterprise Value/Market Cap: 0.82
• Enterprise Value/Revenue: 1.64
• Enterprise Value/Gross Profit: 4.13
• Enterprise Value/Ebitda: 11.30
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $183.00 ▲(11.65% Upside)

Coca-Cola Bottling Co Consolidated's overall stock score is driven by strong financial performance and a significant share repurchase event. However, technical indicators suggest the stock may be overbought, and the valuation appears high relative to peers. Investors should monitor for potential pullbacks and consider the company's strategic initiatives for long-term growth.

Positive Factors

Revenue Growth

The significant revenue growth rate indicates robust demand for the company's products, enhancing its market position and potential for future expansion.

Share Repurchase

The share repurchase reflects a strategic shift towards enhancing shareholder value and indicates confidence in the company's long-term financial health.

Profitability

Strong profit margins suggest effective cost management and pricing power, supporting sustainable profitability and competitive advantage.

Negative Factors

High Leverage

High leverage can constrain financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Declining Free Cash Flow

A decline in free cash flow may hinder the company's capacity to fund operations, pay down debt, or invest in strategic initiatives, affecting long-term growth.

Cost Pressures

Decreasing margins suggest rising costs or pricing pressures, which could impact profitability if not managed effectively.

Coca-Cola Bottling Co Consolidated Business Overview & Revenue Model

Company Description

Coca-Cola Bottling Co Consolidated (COKE) is the largest independent bottler of Coca-Cola products in the United States. The company operates within the non-alcoholic beverage sector, primarily focusing on the production, distribution, and sale of Coca-Cola beverages, including soft drinks, juices, and bottled water. Its extensive portfolio encompasses well-known brands such as Coca-Cola, Diet Coke, and Sprite, as well as various regional and specialty beverages. With a robust distribution network, the company serves a wide range of customers, including supermarkets, convenience stores, restaurants, and vending machines.

How the Company Makes Money

Coca-Cola Bottling Co Consolidated generates revenue primarily through the sale of its beverage products. The company operates under a franchise model, where it purchases syrup concentrate from The Coca-Cola Company and then produces and distributes finished products to retailers. Key revenue streams include direct sales to retailers, as well as contracts with food service providers and vending machine operators. Additionally, the company benefits from economies of scale due to its extensive distribution network and partnerships with local and national retailers, which help to drive volume sales. Seasonal promotions, marketing initiatives, and strategic partnerships also contribute to its earnings by increasing brand visibility and consumer demand.

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: 163.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 163.91 is above the 20-day moving average (MA) of 163.70, above the 50-day MA of 147.78, and above the 200-day MA of 126.50, indicating a bullish trend. The MACD of 4.46 indicates Positive momentum. The RSI at 64.85 is Neutral, neither overbought nor oversold. The STOCH value of 52.43 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
PEP	78 Outperform	$205.21B	28.55	37.19%	3.76%	0.48%	-22.61%
KO	75 Outperform	$303.99B	23.40	45.12%	2.90%	2.93%	25.42%
KOF	74 Outperform	$4.82B	16.02	16.18%	4.15%	-2.81%	-2.66%
CCEP	74 Outperform	$41.48B	25.38	17.99%	2.52%	9.65%	-4.26%
COKE	72 Outperform	$13.98B	25.31	41.92%	0.60%	4.22%	22.24%
KDP	70 Outperform	$38.11B	24.17	6.29%	3.12%	6.77%	-29.84%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Coca-Cola Bottling Co Consolidated Corporate Events

Coca-Cola Consolidated Secures $1.35 Billion Loan Agreement

On December 8, 2025, Coca-Cola Consolidated entered into a term loan agreement with Wells Fargo and other lenders for a total of $1.35 billion. This financing will be used to refinance existing debt and support general corporate purposes, potentially impacting the company’s financial stability and market operations.

Coca-Cola Consolidated Completes $2.4 Billion Share Repurchase

On November 7, 2025, Coca-Cola Consolidated, Inc. completed the repurchase of all its outstanding shares held by a subsidiary of The Coca-Cola Company for approximately $2.4 billion. This transaction, funded through cash on hand and a $1.2 billion term loan, marks a significant milestone for the company, reinforcing its commitment to building long-term value for shareholders. The repurchase also led to changes in the company’s board and share repurchase program, indicating a strategic shift in its corporate governance and financial strategy. The transaction highlights the continued strong relationship between Coca-Cola Consolidated and The Coca-Cola Company, with both entities remaining aligned in their mission to deliver beverages efficiently to a large consumer base.