Coca-Cola Consolidated - Recent Weakness Presenting A Buying Opportunity
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: Buybacks Support Its Stock Price
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: An Under-The-Radar Bottler With Great Pricing Power
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.
Coca-Cola Consolidated: Solid Performance Bound To Continue Into 2025
Coca-Cola Consolidated, Inc. has shown steady operational performance and improved metrics, leading to a 66% share price increase, outperforming the S&P 500's 30% rise. Despite moderated inflation and strategic price decreases, I expect continued top-line growth, supported by COKE's strong market presence and diversified product portfolio. COKE's financial health is robust with significant cash reserves, manageable debt, and a high-interest coverage ratio, indicating no risk of insolvency.
A 400% Dividend Hike: Here's How Much Investors Just Got
24/7 Wall St. Insights Coca-Cola Consolidated Inc. (NASDAQ: COKE) just rewarded its shareholders with a 400% dividend hike.
Coca-Cola Consolidated: Popping Growth Like An Ice-Cold Coke
Strong pricing power and brand reputation continue to drive revenue growth despite volume declines. Healthy balance sheet, with net debt declining over the past years and strong liquidity ratios, including a cash ratio above 1. Recent share buybacks and dividend hikes, especially in the last quarter, with a 400% QoQ increase, show confidence in rewarding shareholders.
Costco Stock, 3 Others Flash Classic Bullish Sign
Costco Wholesale stock's relative strength line is at a high as the stock nears a buy point.
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.
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.
