Coca-Cola Consolidated (COKE) Stock Price, News & Analysis

Company Overview

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; 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 syrups with carbonated or still water enabling fountain retailers to sell finished products to consumers in cups or glasses. In addition, the company manufactures and distributes 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.

Key Stats

• Today's Range: $1,267.92 to $1,280.39
• 50-Day Range: $1,066.32 to $1,355.99
• 52-Week Range: $614.22 to $1,376.84
• Volume: 14,188 shs
• Average Volume: 53,422 shs
• Market Capitalization: $11.89 billion
• P/E Ratio: 26.11
• Dividend Yield: 0.79%
• Price Target: N/A
• Consensus Rating: N/A

Coca-Cola Consolidated Stock Analysis - MarketRank™

Coca-Cola Consolidated scored higher than 35% of companies evaluated by MarketBeat, and ranked 120th out of 150 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Coca-Cola Consolidated.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Coca-Cola Consolidated is 26.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of Coca-Cola Consolidated is 26.37, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.37.

Price to Book Value per Share Ratio

Coca-Cola Consolidated has a P/B Ratio of 8.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.81% of the float of Coca-Cola Consolidated has been sold short.

Short Interest Ratio / Days to Cover

Coca-Cola Consolidated has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Coca-Cola Consolidated has recently decreased by 10.57%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Coca-Cola Consolidated has a dividend yield of 0.16%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Coca-Cola Consolidated does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Coca-Cola Consolidated is 20.59%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 0.3 / 5
• Environmental Score: -1.49

Percentage of Shares Shorted

0.81% of the float of Coca-Cola Consolidated has been sold short.

Short Interest Ratio / Days to Cover

Coca-Cola Consolidated has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Coca-Cola Consolidated has recently decreased by 10.57%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.78

News Sentiment

Coca-Cola Consolidated has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Coca-Cola Consolidated this week, compared to 6 articles on an average week.

Search Interest

11 people have searched for COKE on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Coca-Cola Consolidated to their MarketBeat watchlist in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Coca-Cola Consolidated insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $553,722,575.00 in company stock.

Percentage Held by Institutions

48.24% of the stock of Coca-Cola Consolidated is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

COKE Stock Analysis - Frequently Asked Questions

How have COKE shares performed this year?

Coca-Cola Consolidated's stock was trading at $928.40 at the beginning of the year. Since then, COKE shares have increased by 37.9% and is now trading at $1,280.39.
View the best growth stocks for 2024 here.

How were Coca-Cola Consolidated's earnings last quarter?

Coca-Cola Consolidated, Inc. (NASDAQ:COKE) issued its quarterly earnings results on Wednesday, July, 31st. The company reported $20.71 EPS for the quarter. The company earned $1.80 billion during the quarter. Coca-Cola Consolidated had a net margin of 7.52% and a trailing twelve-month return on equity of 44.83%.

Who are Coca-Cola Consolidated's major shareholders?

Coca-Cola Consolidated's top institutional investors include Dimensional Fund Advisors LP (1.88%), Millennium Management LLC (1.84%), Diversified Trust Co (1.56%) and Vaughan Nelson Investment Management L.P. (1.20%).
View institutional ownership trends.

How do I buy shares of Coca-Cola Consolidated?

Shares of COKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Coca-Cola Consolidated own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Coca-Cola Consolidated investors own include AT&T (T), Intel (INTC), Coca-Cola (KO), Verizon Communications (VZ), Chevron (CVX), JPMorgan Chase & Co. (JPM) and McDonald's (MCD).

Company Calendar

• Ex-Dividend for 8/9 Dividend: 7/26/2024
• Last Earnings: 7/31/2024
• Dividend Payable: 8/09/2024
• Today: 9/17/2024
• Next Earnings (Estimated): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Bottled & canned soft drinks
• Sub-Industry: Soft Drinks
• Current Symbol: NASDAQ:COKE
• CUSIP: 19109810
• CIK: 317540
• Web: www.cokeconsolidated.com
• Phone: (980) 392-8298
• Fax: 704-551-4646
• Employees: 17,000
• Year Founded: 1902

Profitability

• EPS (Most Recent Fiscal Year): $48.56
• Trailing P/E Ratio: 26.37
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $408.38 million
• Net Margins: 7.52%
• Pretax Margin: 10.23%
• Return on Equity: 44.83%
• Return on Assets: 14.04%

Debt

• Debt-to-Equity Ratio: 1.50
• Current Ratio: 1.97
• Quick Ratio: 1.75

Sales & Book Value

• Annual Sales: $6.73 billion
• Price / Sales: 1.78
• Cash Flow: $84.74 per share
• Price / Cash Flow: 15.11
• Book Value: $153.15 per share
• Price / Book: 8.36

Miscellaneous

• Outstanding Shares: 9,374,000
• Free Float: 9,374,000
• Market Cap: $12.00 billion
• Optionable: Not Optionable
• Beta: 0.82