Investors are likely underappreciating the cash generation optionality within the company. There is a good chance investors will see substantial returns over and above the ordinary dividend, in the form of special dividends and buybacks. The share has re-rated, however the company fundamentals may warrant even further re-rating.
Coca-Cola Consolidated (COKE) has delivered a 25% CAGR over the past decade, but I don't expect similar returns in the future. The CEO, who is the great-grandson of the founder, controls 72.2% of voting rights, but succession plans are uncertain. After paying a $1 dividend per share between 1994 and 2022, COKE has shifted its capital allocation and initiated aggressive buybacks.
Coca-Cola Consolidated has had surging earnings in the past few years after territory acquisition from The Coca-Cola Company, as the company has had great regional pricing power. COKE's distributed brand portfolio includes strongly performing Dr Pepper and Monster Energy on top of stable Coca-Cola Company brands, aiding the long-term outlook. COKE's highly stable earnings remain attractively valued through the company's great pricing power. I estimate 24% upside to a fair value of $1635.
![]() CC5 2 months ago | Other | €0.21 Per Share |
![]() CC5 5 months ago | Other | €0.21 Per Share |
![]() CC5 8 months ago | Other | €0.21 Per Share |
![]() CC5 11 months ago | Other | €0.04 Per Share |
![]() CC5 25 Apr 2024 | Other | €0.04 Per Share |
30 Jul 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
29 Jul 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
24 Jul 2025 (In 1 week) Date | | - Cons. EPS | - EPS |
5 May 2025 Date | | - Cons. EPS | - EPS |
19 Feb 2025 Date | | - Cons. EPS | - EPS |
![]() CC5 2 months ago | Other | €0.21 Per Share |
![]() CC5 5 months ago | Other | €0.21 Per Share |
![]() CC5 8 months ago | Other | €0.21 Per Share |
![]() CC5 11 months ago | Other | €0.04 Per Share |
![]() CC5 25 Apr 2024 | Other | €0.04 Per Share |
30 Jul 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
29 Jul 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
24 Jul 2025 (In 1 week) Date | | - Cons. EPS | - EPS |
5 May 2025 Date | | - Cons. EPS | - EPS |
19 Feb 2025 Date | | - Cons. EPS | - EPS |
Beverages - Non-Alcoholic Industry | Consumer Defensive Sector | J. Frank Harrison III CEO | XBER Exchange | US1910981026 ISIN |
US Country | 15,000 Employees | 25 Apr 2025 Last Dividend | 21 Mar 1984 Last Split | 26 Mar 1990 IPO Date |
Coca-Cola Consolidated, Inc., together with its subsidiaries, is the largest Coca-Cola bottler in the United States. The company is primarily engaged in the manufacturing, marketing, and distribution of nonalcoholic beverages under the banner of The Coca-Cola Company. Offering a wide array of sparkling and still beverages, Coca-Cola Consolidated, Inc. caters to a diverse market across the U.S. Additionally, the company handles products from renowned brands like Dr Pepper and Monster Energy, further expanding its offerings beyond the Coca-Cola roster. Originally known as Coca-Cola Bottling Co. Consolidated, the company underwent a name change to Coca-Cola Consolidated, Inc. in January 2019. With its corporate headquarters in Charlotte, North Carolina, the corporation was established in 1980, showcasing a long history of partnership with The Coca-Cola Company and commitment to beverage distribution and innovation.
The product portfolio of Coca-Cola Consolidated, Inc. is extensive, encompassing both sparkling and still beverage options designed to suit a variety of consumer tastes and occasions. Here is an overview of the main categories:
In addition to manufacturing and distributing a wide array of beverages, Coca-Cola Consolidated, Inc. oversees direct sales and distribution to various types of retailers and venues across its territory. This includes grocery stores, mass merchandise stores, club stores, convenience stores, drug stores, restaurants, schools, amusement parks, recreational facilities, and vending machine outlets, ensuring Coca-Cola products are readily available to consumers in numerous consumer touchpoints.