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

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Coca-Cola Bottling Co Consolidated

(NASDAQ:COKE)

Select Model

Rating:65.7Neutral

Price Target:$226.00▲(7.47% Upside)

Action:reiterated

Date:08/20/26

The stock’s overall score is driven primarily by strong and diversified revenue and cash-flow engines in core nonalcoholic and sparkling beverages, which are increasingly supported by improving still beverage and segment-level KPIs, but the highly stressed, debt-heavy balance sheet and negative equity significantly constrain financial resilience; steady technical strength with low volatility adds a supportive, though secondary, tailwind, while a relatively full valuation with a modest dividend tempers the risk-reward for value and income-focused investors.

Positive Factors

Steady Revenue BaseCOKE’s multiyear revenue expansion shows a durable demand base for its beverage portfolio and distribution services. A larger sales platform can support operating scale, strengthen customer coverage, and provide recurring funding for manufacturing, merchandising, and territory investments.

Negative Factors

Negative Equity and DebtNegative equity combined with sizable debt leaves COKE with a limited balance-sheet cushion against operating volatility. Although debt declined from 2025, the capital structure still reduces financial flexibility and can constrain future investment, distributions, or responses to weaker business conditions.

Coca-Cola Bottling Co Consolidated Key Performance Indicators (KPIs)

Operating Income by SegmentMeasures profit after operating costs for each segment, indicating which regions or channels deliver real earnings and where the business needs to cut costs or invest more; useful for judging sustainable profitability and management’s capital allocation choices.

Chart Insights

COKE’s operating income is being driven by continued strength and seasonal peaks in Nonalcoholic Beverages, showing secular lift and clear operating leverage in summer quarters; that core business still supplies the bulk of profits. Importantly, the “Other” line flipped from a recurring drag into a multi‑million contributor starting in 2024 and accelerated in 2025–26, turning a historical liability into a new tailwind—reducing earnings volatility and providing incremental margin upside, though dependence on the beverage segment remains the key risk.

Data provided by:

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Coca-Cola Bottling Co Consolidated (COKE) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $14.00B
Dividend Yield: 0.48%
Average Volume (3M): 508.39K
Price to Earnings (P/E): 26.1
Beta (1Y): 0.28
Revenue Growth: 10.71%
EPS Growth: 12.43%
Country: US
Employees: 16,000
Sector: Consumer Defensive
Sector Strength: 62
Industry: Beverages - Non-Alcoholic

Coca-Cola Bottling Co Consolidated Business Overview & Revenue Model

Company Description

Coca-Cola Consolidated, Inc. and its affiliates are dedicated to the production, marketing, and distribution of non-alcoholic beverages, predominantly products of The Coca-Cola Company, across the United States. Its extensive product range includes s...

How the Company Makes Money

COKE primarily makes money by selling finished beverage products (ready-to-drink packaged beverages) to customers in its distribution territories. Its core revenue stream is the wholesale sale and delivery of Coca-Cola and other branded beverages acr...

Coca-Cola Bottling Co Consolidated Financial Statement Overview

Summary

Revenue, operating income, and cash flow are strong and steadily growing, supported by segment KPIs showing durable margin expansion in core nonalcoholic and sparkling beverages, but a highly leveraged, negative-equity balance sheet materially elevates financial risk and keeps overall strength only moderately above average.

Income Statement

82Very Positive

Balance Sheet

28Negative

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.69B	7.23B	6.90B	6.65B	6.20B	5.56B
Gross Profit	2.98B	2.87B	2.75B	2.60B	2.28B	1.95B
EBITDA	1.12B	1.03B	1.05B	734.45M	771.47M	469.16M
Net Income	549.96M	570.58M	633.13M	408.38M	430.16M	189.58M
Balance Sheet
Total Assets	4.43B	4.62B	5.31B	4.29B	3.71B	3.45B
Cash, Cash Equivalents and Short-Term Investments	171.69M	281.92M	1.44B	635.27M	197.65M	142.31M
Total Debt	2.62B	3.00B	1.91B	735.14M	755.04M	938.60M
Total Liabilities	4.93B	5.36B	3.90B	2.85B	2.59B	2.73B
Stockholders Equity	-500.13M	-739.72M	1.42B	1.44B	1.12B	711.79M
Cash Flow
Free Cash Flow	644.71M	624.72M	505.34M	528.39M	225.25M	366.06M
Operating Cash Flow	946.99M	937.03M	876.36M	810.69M	554.51M	521.75M
Investing Cash Flow	31.39M	-19.02M	-682.20M	-295.35M	-324.99M	-161.94M
Financing Cash Flow	-2.03B	-1.77B	306.40M	-77.72M	-174.19M	-272.29M

Coca-Cola Bottling Co Consolidated Technical Analysis

Technical Analysis SentimentPositive

Last Price210.30

Price Trends

50DMA196.85Positive

100DMA190.73Positive

200DMA186.50Positive

Market Momentum

MACD4.52Negative

RSI58.75Neutral

STOCH58.64Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COKE, the sentiment is Positive. The current price of 210.30 is above the 20-day moving average (MA) of 203.22, above the 50-day MA of 196.85, and above the 200-day MA of 186.50, indicating a bullish trend. The MACD of 4.52 indicates Negative momentum. The RSI at 58.75 is Neutral, neither overbought nor oversold. The STOCH value of 58.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for COKE.

Coca-Cola Bottling Co Consolidated Risk Analysis

Coca-Cola Bottling Co Consolidated disclosed 22 risk factors in its most recent earnings report. Coca-Cola Bottling Co Consolidated reported the most risks in the "Legal & Regulatory" category.

Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

1 New Risk

1..There have been no material changes in the Company’s risk factors from those disclosed in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for 2025.Q1, 2026

Coca-Cola Bottling Co Consolidated Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

COKE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KOF	81Outperform	$6.06B	18.76	16.80%	3.70%	16.92%	14.27%
CCEP	74Outperform	$50.18B	22.79	24.78%	2.01%	9.67%	42.56%
FIZZ	71Outperform	$3.30B	18.98	32.60%	―	-1.80%	-5.87%
COKE	66Neutral	$14.00B	26.09	-889.19%	0.48%	10.71%	12.43%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
KDP	60Neutral	$48.77B	36.05	5.64%	2.57%	27.48%	-12.53%

* Consumer Defensive Sector Average

Performance Comparison

COKE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
COKE	Coca-cola Bottling Co. Consolidated	210.30	80.05	61.46%
KOF	Coca Cola Femsa S.a.b. De C.v.	115.68	32.49	39.06%
KDP	Keurig Dr Pepper	35.84	10.02	38.82%
FIZZ	National Beverage	35.30	5.22	17.35%
CCEP	Coca-Cola Europacific Partners Plc	113.22	29.26	34.85%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 10, 2026

Coca-Cola Bottling Co Consolidated AI Stock Analysis

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