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

• Market Cap: $11.54B
• Dividend Yield: 0.45%
• Average Volume (3M): 41.69K
• Price to Earnings (P/E): 21.1
• Beta (1Y): 0.51
• Revenue Growth: 3.69%
• EPS Growth: 60.51%
• Country: US
• Employees: 69,700
• Sector: Consumer Defensive
• Sector Strength: 73
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 62.80
• Shares Outstanding: 7,713,088
• 10 Day Avg. Volume: 51,224
• 30 Day Avg. Volume: 41,692
• PEG Ratio: 0.35
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.67
• Price to Cash Flow (P/CF): 17.10
• P/FCF Ratio: 33.20
• 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

Coca-Cola Bottling Co Consolidated exhibits strong financial performance with robust revenue and profit growth. Technical indicators suggest a bullish trend, though caution is advised due to approaching overbought levels. The stock's valuation appears stretched, with a high P/E ratio and low dividend yield, which may limit future upside. Executive cash awards reflect positive internal sentiment but have a minor impact on the score.

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 displays robust financial performance characterized by strong revenue and profit growth, enhanced profitability margins, and improved return on equity. The company has managed its debt levels well while generating substantial free cash flow, underpinning its financial stability. However, rising liabilities warrant cautious financial management to sustain this trajectory. Overall, the financial health of the company appears solid with positive growth prospects.

Income Statement

Coca-Cola Bottling Co Consolidated has demonstrated strong revenue growth with a consistent upward trend from $4.83 billion in 2019 to $6.90 billion in 2024. The gross profit margin has been stable, hovering around 39-40% over the years, reflecting efficient cost management. The net profit margin has significantly improved from 0.4% in 2019 to 9.2% in 2024, indicating enhanced profitability. EBIT and EBITDA margins have also shown positive trends, highlighting operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio has fluctuated but improved over time, currently at 1.35, reflecting manageable leverage levels. The equity ratio has strengthened from 11% in 2019 to 27% in 2024, showing increased financial stability. Return on equity has surged from 5.3% in 2019 to 44.7% in 2024, indicating efficient use of equity. However, the firm's total liabilities have risen, necessitating careful debt management to maintain balance sheet health.

Cash Flow

Coca-Cola Bottling Co Consolidated has consistently generated positive free cash flow, with a notable growth from $119 million in 2019 to $505 million in 2024. The operating cash flow to net income ratio has remained healthy, indicating strong cash-generating capabilities relative to reported earnings. Free cash flow growth and stability highlight the company's ability to fund operations and investments without relying heavily on external financing.

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

Coca-Cola Bottling Co Consolidated Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1227.60
• 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 1227.6 is below the 20-day moving average (MA) of 1385.23, below the 50-day MA of 1340.87, and below the 200-day MA of 1230.46, indicating a bearish trend. The MACD of -11.97 indicates Positive momentum. The RSI at 31.91 is Neutral, neither overbought nor oversold. The STOCH value of 9.06 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	78 Outperform	$307.22B	29.03	41.86%	2.71%	1.96%	-0.45%
MNST	76 Outperform	$53.59B	37.11	21.27%	―	4.94%	-4.13%
COKE	72 Outperform	$11.54B	21.06	44.38%	0.45%	3.69%	60.51%
PEP	69 Neutral	$211.81B	22.22	52.42%	3.45%	0.42%	5.77%
FIZZ	69 Neutral	$3.83B	20.61	40.81%	―	0.73%	12.96%
Sector *	63 Neutral	$20.85B	13.27	-10.88%	7.48%	1.13%	11.50%
REED	36 Underperform	$65.33M	―	71.20%	―	-16.95%	26.58%

Coca-Cola Bottling Co Consolidated Corporate Events

Coca-Cola Consolidated Approves Executive Cash Awards

On February 18, 2025, Coca-Cola Consolidated acknowledged the leadership and contributions of several key executives by approving significant cash payments. These awards recognize the officers’ roles in executing the company’s long-term strategy and delivering exceptional performance and returns to stockholders over the past three years.

Coca-Cola Consolidated Announces CFO Transition Plan

Coca-Cola Consolidated announced the retirement of its Executive Vice President and Chief Financial Officer, Scott Anthony, effective March 31, 2025. He will be succeeded by Matthew J. Blickley, currently Senior Vice President, Financial Planning and Chief Accounting Officer, starting April 1, 2025. Blickley, a certified public accountant, has been with the company since 2014 and will continue to serve as Chief Accounting Officer. The leadership transition is part of the company’s strategic succession planning, which aims to maintain its financial success and uphold its organizational purpose and culture.