Coca-Cola Consolidated
COKE

$1,329.90

1.37%

Market Cap: $11.7B

About: Coca-Cola Consolidated Inc sells nonalcoholic beverage products in the United States. The company purchases concentrate and syrups from other beverage manufacturers under a license, then produces, packages, markets, and distributes the beverages to retailers. The company's primary licensor is Coca-Cola Co., which generally allows it to exclusively market, produce, and distribute Coca-Cola products in specified parts of the U.S.: North Carolina, South Carolina, West Virginia, and parts of Alabama, Georgia, Tennessee, Virginia, Indiana, and Kentucky. The company manages its business in two operating segments. Nonalcoholic Beverages segment which represents the majority of the company's revenues and All Other segments.

Employees: 17,000

Consumer Staples Bottled & Canned Soft Drinks & Carbonated Waters

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

150% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 5 (+3) [Q2]

81% more first-time investments, than exits

New positions opened: 98 | Existing positions closed: 54

37% more capital invested

Capital invested by funds: $3.12B [Q1] → $4.26B (+$1.14B) [Q2]

12% more funds holding

Funds holding: 361 [Q1] → 405 (+44) [Q2]

2.9% more ownership

Funds ownership: 44.41% [Q1] → 47.31% (+2.9%) [Q2]

20% less repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 122

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Research analyst outlook

We haven’t received any recent analyst ratings for COKE.

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Financial journalist opinion

Coca-Cola Consolidated Announces Dividend Increase and Share Repurchase Program

Quarterly dividend increased to $2.50 per share, up from $0.50 per share Board of Directors approves $1.0 billion share repurchase program CHARLOTTE, N.C., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Coca‑Cola Consolidated, Inc. (NASDAQ: COKE) announced today that its Board of Directors increased the Company's quarterly dividend to $2.50 per share (up from $0.50 per share).

Coca-Cola Consolidated Announces Dividend Increase and Share Repurchase Program

Coca-Cola Consolidated: I'm Exiting The Investment

Coca-Cola Consolidated has been a successful investment with over 100% return since 2022 compared to S&P 500. Despite being a superb business, COKE stock is now trading at an overvaluation, making it a non-starter in terms of risk. I am rotating shares in COKE at a premium, with a long-term target of $750/share and moving on from the company in July/August 2024.

Coca-Cola Consolidated: I'm Exiting The Investment

Coca-Cola Consolidated Reports Second Quarter and First Half 2024 Results

Second quarter of 2024 net sales increased 3% versus the second quarter of 2023. Gross profit in the second quarter of 2024 was $717 million, an increase of 7% versus the second quarter of 2023.

Coca-Cola Consolidated Reports Second Quarter and First Half 2024 Results

Coca-Cola Consolidated Partners with ISN to Improve Contractor Safety and Compliance

DALLAS--(BUSINESS WIRE)--ISN, the global leader in contractor and supplier information management, announced that Coca‑Cola Consolidated, Inc., the largest Coca‑Cola bottler in the United States, has selected ISNetworld® as its primary contractor management system. ISN will assist Coca-Cola Consolidated with site orientations for workers, desktop reviews of contractor compliance, consolidated documentation and acknowledgement, insurance, and citation review. “It's an important piece of our cult.

Coca-Cola Consolidated Partners with ISN to Improve Contractor Safety and Compliance

Coca-Cola Consolidated, Inc. To Release Second Quarter and First Half 2024 Results

CHARLOTTE, N.C., July 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) will issue a news release after the market closes on July 31, 2024 to announce its operating results for the second quarter ended June 28, 2024 and the first half of fiscal year 2024.

Coca-Cola Consolidated, Inc. To Release Second Quarter and First Half 2024 Results

Coca-Cola Consolidated, Inc. Announces Third Quarter Dividend

CHARLOTTE, N.C., July 12, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) announced that the Board of Directors has declared a dividend for the third quarter of 2024 of $0.50 per share on shares of the Company's Common Stock and Class B Common Stock payable on August 9, 2024 to shareholders of record as of the close of business on July 26, 2024.

Coca-Cola Consolidated, Inc. Announces Third Quarter Dividend

Coca-Cola Consolidated Announces Final Results of Tender Offer

CHARLOTTE, N.C., June 21, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) (the “Company”) announced today the final results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m.

Coca-Cola Consolidated Announces Final Results of Tender Offer

Coca-Cola Consolidated Announces Preliminary Results of Tender Offer

CHARLOTTE, N.C., June 20, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) (the “Company”) announced today the preliminary results of its modified “Dutch auction” tender offer, which expired at 5:00 p.m.

Coca-Cola Consolidated Announces Preliminary Results of Tender Offer

The Motley Fool

Here's How Much Stock Coca-Cola Consolidated Wants to Buy Back (Hint: It's a Lot)

Coca-Cola Consolidated has a plan to use debt to buy back roughly one-third of its shares. In the past, other companies have used debt effectively to drive shareholder returns.

Here's How Much Stock Coca-Cola Consolidated Wants to Buy Back (Hint: It's a Lot)

Coca-Cola Consolidated Announces Commencement of Tender Offer to Purchase up to $2.0 Billion in Value of its Common Stock

CHARLOTTE, N.C., May 20, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) (the “Company”) announced today that it has commenced a modified “Dutch auction” tender offer to purchase shares of its Common Stock for an aggregate purchase price of up to $2.0 billion.

Coca-Cola Consolidated Announces Commencement of Tender Offer to Purchase up to $2.0 Billion in Value of its Common Stock

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