Coca-Cola Consolidated (COKE)
Market Price (2/11/2026): $156.47 | Market Cap: $13.6 BilSector: Consumer Staples | Industry: Soft Drinks & Non-alcoholic Beverages
Coca-Cola Consolidated (COKE)
Market Price (2/11/2026): $156.47Market Cap: $13.6 BilSector: Consumer StaplesIndustry: Soft Drinks & Non-alcoholic Beverages
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% | Key risksCOKE key risks include [1] its foundational dependence on its partnership with The Coca-Cola Company, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% | |
| Low stock price volatilityVol 12M is 32% | |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, E-commerce & DTC Adoption, and Circular Economy & Recycling. Themes include Functional Foods & Beverages, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, E-commerce & DTC Adoption, and Circular Economy & Recycling. Themes include Functional Foods & Beverages, Show more. |
| Key risksCOKE key risks include [1] its foundational dependence on its partnership with The Coca-Cola Company, Show more. |
Qualitative Assessment
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1. Positive Third Quarter 2025 Financial Results. Coca-Cola Consolidated reported strong third-quarter 2025 results on October 29, 2025, just before the start of the analysis period. The company announced a 7% increase in net sales and gross profit compared to the third quarter of 2024, alongside a 10-basis-point rise in gross margin to 39.6%. These solid financial figures likely set a positive tone for the stock as the period began, indicating robust operational performance.
2. Strategic Share Repurchase from The Coca-Cola Company. On November 7, 2025, Coca-Cola Consolidated repurchased all outstanding shares of its common stock held by a subsidiary of The Coca-Cola Company. This significant corporate action likely signals increased autonomy and potential for enhanced shareholder value for COKE, contributing to investor confidence.
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Stock Movement Drivers
Fundamental Drivers
The 20.2% change in COKE stock from 10/31/2025 to 2/10/2026 was primarily driven by a 20.2% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2102026 | Change |
|---|---|---|---|
| Stock Price ($) | 130.16 | 156.47 | 20.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,070 | 7,070 | 0.0% |
| Net Income Margin (%) | 8.7% | 8.7% | 0.0% |
| P/E Multiple | 18.4 | 22.1 | 20.2% |
| Shares Outstanding (Mil) | 87 | 87 | 0.0% |
| Cumulative Contribution | 20.2% |
Market Drivers
10/31/2025 to 2/10/2026| Return | Correlation | |
|---|---|---|
| COKE | 20.2% | |
| Market (SPY) | 1.5% | -9.2% |
| Sector (XLP) | 14.3% | 18.3% |
Fundamental Drivers
The 40.5% change in COKE stock from 7/31/2025 to 2/10/2026 was primarily driven by a 33.8% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2102026 | Change |
|---|---|---|---|
| Stock Price ($) | 111.35 | 156.47 | 40.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,948 | 7,070 | 1.8% |
| Net Income Margin (%) | 8.4% | 8.7% | 2.7% |
| P/E Multiple | 16.5 | 22.1 | 33.8% |
| Shares Outstanding (Mil) | 87 | 87 | 0.5% |
| Cumulative Contribution | 40.5% |
Market Drivers
7/31/2025 to 2/10/2026| Return | Correlation | |
|---|---|---|
| COKE | 40.5% | |
| Market (SPY) | 9.8% | -8.9% |
| Sector (XLP) | 10.0% | 24.5% |
Fundamental Drivers
The 15.3% change in COKE stock from 1/31/2025 to 2/10/2026 was primarily driven by a 10.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2102026 | Change |
|---|---|---|---|
| Stock Price ($) | 135.72 | 156.47 | 15.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,784 | 7,070 | 4.2% |
| Net Income Margin (%) | 7.8% | 8.7% | 10.8% |
| P/E Multiple | 22.4 | 22.1 | -1.3% |
| Shares Outstanding (Mil) | 88 | 87 | 1.2% |
| Cumulative Contribution | 15.3% |
Market Drivers
1/31/2025 to 2/10/2026| Return | Correlation | |
|---|---|---|
| COKE | 15.3% | |
| Market (SPY) | 16.0% | 20.7% |
| Sector (XLP) | 12.5% | 34.0% |
Fundamental Drivers
The 219.5% change in COKE stock from 1/31/2023 to 2/10/2026 was primarily driven by a 59.5% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2102026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.98 | 156.47 | 219.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,031 | 7,070 | 17.2% |
| Net Income Margin (%) | 5.5% | 8.7% | 57.9% |
| P/E Multiple | 13.9 | 22.1 | 59.5% |
| Shares Outstanding (Mil) | 94 | 87 | 8.2% |
| Cumulative Contribution | 219.5% |
Market Drivers
1/31/2023 to 2/10/2026| Return | Correlation | |
|---|---|---|
| COKE | 219.5% | |
| Market (SPY) | 76.6% | 21.3% |
| Sector (XLP) | 27.1% | 32.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| COKE Return | 133% | -17% | 83% | 39% | 23% | 1% | 506% |
| Peers Return | -1% | 11% | -7% | 8% | 2% | 21% | 37% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 85% |
Monthly Win Rates [3] | |||||||
| COKE Win Rate | 67% | 33% | 58% | 50% | 58% | 50% | |
| Peers Win Rate | 50% | 52% | 54% | 50% | 52% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| COKE Max Drawdown | -4% | -34% | -7% | -12% | -16% | -5% | |
| Peers Max Drawdown | -22% | -19% | -25% | -10% | -21% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KO, STKL, BUDA, PEP, MNST. See COKE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/10/2026 (YTD)
How Low Can It Go
| Event | COKE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -35.6% | -25.4% |
| % Gain to Breakeven | 55.2% | 34.1% |
| Time to Breakeven | 219 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.0% | -33.9% |
| % Gain to Breakeven | 49.3% | 51.3% |
| Time to Breakeven | 356 days | 148 days |
| 2018 Correction | ||
| % Loss | -48.2% | -19.8% |
| % Gain to Breakeven | 92.9% | 24.7% |
| Time to Breakeven | 288 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -52.3% | -56.8% |
| % Gain to Breakeven | 109.8% | 131.3% |
| Time to Breakeven | 973 days | 1,480 days |
Compare to KO, STKL, BUDA, PEP, MNST
In The Past
Coca-Cola Consolidated's stock fell -35.6% during the 2022 Inflation Shock from a high on 6/6/2022. A -35.6% loss requires a 55.2% gain to breakeven.
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About Coca-Cola Consolidated (COKE)
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- A massive **McDonald's franchisee**, but for Coca-Cola drinks.
- A regional **Sysco or US Foods**, exclusively for Coca-Cola beverages.
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- Carbonated Soft Drinks (CSDs): A wide variety of sparkling beverages including Coca-Cola, Diet Coke, Sprite, Fanta, and other popular brands.
- Still Beverages: Non-carbonated drinks such as bottled water (Dasani), juices (Minute Maid), sports drinks (Powerade, BODYARMOR), energy drinks (Monster), and ready-to-drink teas (Gold Peak).
AI Analysis | Feedback
Coca-Cola Consolidated (symbol: COKE) is a bottler and distributor of nonalcoholic beverages, primarily products of The Coca-Cola Company. It sells its products primarily to other companies that then sell to end consumers or use the products in their establishments.
Due to the widespread nature of its distribution network across the Southeastern United States, COKE serves a vast number of customers. While no single company typically accounts for a "major customer" percentage of COKE's total revenue, its customer base includes a diverse range of businesses. Below are examples of the types of customer companies that Coca-Cola Consolidated serves, categorized by their business model:
- Supermarket and Grocery Chains: These include large national and regional grocery retailers where consumers purchase products for at-home consumption.
- Walmart Inc. (WMT)
- The Kroger Co. (KR)
- Publix Super Markets, Inc. (private company)
- Food Lion (part of Ahold Delhaize N.V. - ADR: ADUS.F, AEX: AD.AS)
- Mass Merchandisers and Club Stores: Large retail formats that sell a wide variety of goods, often in bulk.
- Walmart Inc. (WMT)
- Target Corporation (TGT)
- Costco Wholesale Corporation (COST)
- Convenience Stores and Drug Stores: Smaller retail outlets often focused on quick purchases or pharmaceutical needs, which also sell beverages.
- 7-Eleven (private company, owned by Seven & i Holdings Co., Ltd. - OTC: SVNDF)
- CVS Health Corporation (CVS)
- Walgreens Boots Alliance, Inc. (WBA)
- Food Service and On-Premise Accounts: This category includes restaurants (quick-service and full-service), hotels, educational institutions, hospitals, and other venues where beverages are consumed on-site or purchased through food service distributors.
- McDonald's Corporation (MCD) (often supplied via distributors)
- Darden Restaurants, Inc. (DRI)
- Various local and regional restaurant chains (typically private)
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The Coca-Cola Company (KO)
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J. Frank Harrison, III, Chairman of the Board of Directors and Chief Executive Officer
J. Frank Harrison, III began his career with Coca-Cola Consolidated in 1977, though his family's roots in the Coca-Cola system date back to 1902 when his great-grandfather, J.B. Harrison, introduced Coca-Cola to the Carolinas. He served in various operational and leadership roles within the company before becoming Chairman and CEO in 1996. In 2008, he co-founded Open Eyes, a public, non-profit ministry.
Matthew J. Blickley, Executive Vice President, Chief Financial Officer and Chief Accounting Officer
Matthew J. Blickley will assume the role of Executive Vice President, Chief Financial Officer and Chief Accounting Officer effective April 1, 2025. He joined Coca-Cola Consolidated in 2014 and has held various financial roles, including Senior Vice President, Financial Planning and Chief Accounting Officer since August 2020. Prior to joining Coca-Cola Consolidated, he worked at PricewaterhouseCoopers LLP and served a three-year tenure at Family Dollar in roles including DVP, FP&A.
David M. Katz, President and Chief Operating Officer
David M. Katz was appointed President and Chief Operating Officer in December 2018. He previously served as Executive Vice President and Chief Financial Officer from January 2018 to December 2018. Katz joined Coca-Cola Consolidated in 2013 as Senior Vice President and Assistant to the Chairman and CEO. Before joining the company, he worked with Coca-Cola Enterprises, Inc. from 1993 to 2010 in various positions, and from 2011 to 2013, he was the Senior Vice-President, Midwest Region within Coca-Cola Refreshments.
Kimberly Kuo, Senior Vice President of Public Affairs, Communications and Communities
Kimberly Kuo was named Senior Vice President of Public Affairs, Communications and Communities in January 2016. She brings over 20 years of communications and marketing experience, having served as a Press Aide for Senate Majority Leader Bob Dole, the primary spokesperson for AOL, and Chief Marketing Officer of Baker & Taylor. She was also a principal consultant at Sterling Strategies.
Robert G. Chambless, Executive Vice President, Franchise Beverage Operations
Robert G. Chambless serves as the Executive Vice President, Franchise Beverage Operations. He has been in senior management since 2018.
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The key risks to Coca-Cola Consolidated (COKE) primarily stem from its foundational business model and the dynamic nature of the beverage industry.
- Dependence on The Coca-Cola Company: Coca-Cola Consolidated operates as a franchise bottler, making it highly dependent on its long-term agreements and relationship with The Coca-Cola Company (KO). While this provides brand recognition and an extensive distribution network, The Coca-Cola Company exerts significant control over COKE. Any changes in this partnership, including the prices KO charges for concentrate, or a potential shift in KO's business model towards vertical integration, could significantly impact Coca-Cola Consolidated.
- Cost Pressures and Supply Chain Disruptions: Coca-Cola Consolidated faces substantial risks from rising raw material costs, including plastic bottles, aluminum cans, and high-fructose corn syrup, as well as fluctuating fuel expenses. The company's supply chain is also vulnerable to disruptions, as evidenced by past issues such as aluminum can shortages and COâ‚‚ supply hitches. Additionally, labor pressures and the significant reinvestments required in its operating model carry the risk that the company may not achieve a satisfactory return on these investments.
- Evolving Consumer Preferences and Competitive Landscape: The non-alcoholic beverage industry is intensely competitive, with major players like PepsiCo, Dr Pepper Snapple Group, and Monster Beverage Corporation. A significant long-term headwind is the global shift in consumer preferences towards healthier beverages and increased governmental regulation concerning sugar content. Sugar taxes, advertising restrictions, and changing dietary habits could negatively impact demand for Coca-Cola Consolidated's traditional sugary drink offerings, limiting its growth, particularly in developed markets.
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The accelerating global and regional push towards reusable and refillable packaging models, driven by increasing regulatory mandates (e.g., Extended Producer Responsibility laws, single-use plastic bans) and growing consumer demand for sustainable alternatives to single-use plastic bottles. A significant societal and infrastructural shift towards widespread reuse/refill systems could fundamentally alter the demand for Coca-Cola Consolidated's core business of bottling and distributing beverages primarily in new single-use containers.
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Coca-Cola Consolidated, Inc. (COKE) is the largest independent Coca-Cola bottler in the United States, operating across 14 states and Washington, D.C., primarily in the Southeast, Midwest, and Mid-Atlantic regions. The company manufactures, sells, and distributes a wide array of beverages, including sparkling (carbonated soft drinks) and still beverages such as bottled water, ready-to-drink tea and coffee, enhanced water, juices, and sports and energy drinks. The addressable markets for Coca-Cola Consolidated's main products and services in the United States are as follows:- Carbonated Soft Drinks: The U.S. soft drinks market, which includes carbonated beverages, was valued at approximately USD 285.93 billion in 2023. Carbonated drinks constitute over 50% of the U.S. soft drinks market.
- Bottled Water (Still and Sparkling): The U.S. bottled water market size was estimated at USD 47.42 billion in 2024 and is projected to reach USD 66.41 billion by 2030. The sparkling water market in the U.S. is projected to reach USD 24.87 billion by 2032.
- Ready-to-Drink (RTD) Tea: The U.S. Ready to Drink Tea Market size is estimated at USD 13.14 billion in 2025 and is expected to reach USD 16.28 billion by 2030.
- Ready-to-Drink (RTD) Coffee: The U.S. Ready to Drink Coffee Market size is estimated at USD 5.7 billion in 2025 and is expected to reach USD 7.23 billion by 2030.
- Energy Drinks: The U.S. energy drinks market size was estimated at USD 25.01 billion in 2024.
- Sports Drinks: The U.S. sports drinks market size is estimated at USD 12.61 billion in 2025 and is expected to reach USD 15.37 billion by 2030.
- Juices and Fruit Beverages: These fall under the broader U.S. non-alcoholic beverages market, which was valued at USD 169.55 billion in 2024 and is projected to reach USD 246.90 billion by 2032.
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Here are 3-5 expected drivers of future revenue growth for Coca-Cola Consolidated (COKE) over the next 2-3 years:
- Strategic Pricing and Revenue Growth Management: Coca-Cola Consolidated has demonstrated strong pricing power, effectively implementing price increases that have contributed to revenue and gross margin expansion. The company benefits from the broader Coca-Cola system's revenue growth management strategy, which optimizes product, package, price point, channel, and messaging to meet consumer needs and drive transactions.
- Volume Growth in Still Beverages and Key Brands: The company has shown a recovery in overall volume growth, with particularly strong performance in still beverages. Growth in specific brands, such as Monster Energy drinks and Powerade sports drinks, is expected to be a significant driver of future revenue.
- Product Portfolio Diversification and Innovation: Coca-Cola Consolidated, as a major bottler, benefits from the continuous innovation and diversification within the Coca-Cola system's product portfolio. This includes expanding offerings with new flavors, zero-sugar options, and growth in categories like juices, coffee, and tea, catering to evolving consumer preferences.
- Operational Efficiencies and Supply Chain Optimization: COKE's focus on effective cost management and operational efficiencies has led to improved profitability and margin expansion. Strategic investments in capital expenditures are being made to optimize the supply chain, which is expected to support future growth and enhance the company's financial performance.
- Enhanced Market Execution and Channel Strategy: The company's strong marketplace execution and ability to adapt its channel strategy contribute to top-line growth. While facing challenges in some channels, strong sales in supermarkets, club stores, and value channels demonstrate an effective response to consumer preferences for value in take-home packages, underpinning sustained revenue.
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Share Repurchases
- In November 2025, Coca-Cola Consolidated repurchased 18.8 million shares of its common stock from a subsidiary of The Coca-Cola Company for approximately $2.4 billion.
- In August 2024, the Board of Directors approved a $1.0 billion share repurchase program. This program was subsequently reduced to $400 million in November 2025, with approximately $136.3 million remaining authorized.
- During fiscal year 2024, the company repurchased approximately $626 million of its Common Stock.
Capital Expenditures
- For fiscal year 2024, Coca-Cola Consolidated invested $371 million in capital expenditures to enhance its supply chain and support future growth. These investments included the purchase of a leased production facility in Nashville, Tennessee, for $56 million, a $25 million investment in state-of-the-art production equipment at its West Memphis, Arkansas manufacturing facility, and a $50 million expansion project at its Sandston, Virginia campus.
- Expected capital expenditures for fiscal year 2025 are approximately $300 million.
- Capital expenditures were $282.3 million in fiscal year 2023 and $298.6 million in fiscal year 2022.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 78.49 |
| Mkt Cap | 78.3 |
| Rev LTM | 7,975 |
| Op Inc LTM | 2,258 |
| FCF LTM | 1,945 |
| FCF 3Y Avg | 1,642 |
| CFO LTM | 2,180 |
| CFO 3Y Avg | 1,888 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.2% |
| Rev Chg 3Y Avg | 5.5% |
| Rev Chg Q | 6.9% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Mgn LTM | 14.4% |
| Op Mgn 3Y Avg | 14.2% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 12.9% |
| CFO/Rev 3Y Avg | 13.7% |
| FCF/Rev LTM | 8.5% |
| FCF/Rev 3Y Avg | 8.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 78.3 |
| P/S | 2.4 |
| P/EBIT | 20.1 |
| P/E | 27.7 |
| P/CFO | 18.9 |
| Total Yield | 5.2% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 2.7% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.5% |
| 3M Rtn | 10.0% |
| 6M Rtn | 13.1% |
| 12M Rtn | 16.4% |
| 3Y Rtn | 24.8% |
| 1M Excs Rtn | 8.8% |
| 3M Excs Rtn | 11.2% |
| 6M Excs Rtn | 4.9% |
| 12M Excs Rtn | 2.3% |
| 3Y Excs Rtn | -43.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Nonalcoholic Beverages | 6,563 | 6,081 | 5,433 | 4,879 | 4,694 |
| All Other | 371 | 399 | 367 | 333 | 345 |
| Eliminations | -280 | -280 | -237 | -205 | -213 |
| Total | 6,654 | 6,201 | 5,563 | 5,007 | 4,827 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Nonalcoholic Beverages | 841 | 639 | 457 | 325 | 174 |
| Eliminations | 0 | ||||
| All Other | -7 | 2 | -18 | -11 | 7 |
| Total | 834 | 641 | 439 | 313 | 181 |
Price Behavior
| Market Price | $156.47 | |
| Market Cap ($ Bil) | 13.6 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -6.8% | |
| 50 Days | 200 Days | |
| DMA Price | $156.42 | $129.81 |
| DMA Trend | up | up |
| Distance from DMA | 0.0% | 20.5% |
| 3M | 1YR | |
| Volatility | 24.4% | 32.0% |
| Downside Capture | -33.65 | 24.89 |
| Upside Capture | -14.53 | 33.02 |
| Correlation (SPY) | -18.6% | 20.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.79 | -0.47 | -0.19 | -0.19 | 0.35 | 0.46 |
| Up Beta | 0.54 | -0.04 | 0.58 | 0.49 | 0.40 | 0.36 |
| Down Beta | -0.20 | -0.82 | -1.21 | -0.91 | 0.34 | 0.54 |
| Up Capture | -136% | -60% | 57% | 36% | 25% | 36% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 21 | 36 | 76 | 140 | 392 |
| Down Capture | -195% | 1% | -39% | -67% | 36% | 55% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 20 | 25 | 49 | 111 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with COKE | |
|---|---|---|---|---|
| COKE | 15.0% | 32.0% | 0.47 | - |
| Sector ETF (XLP) | 12.0% | 14.1% | 0.57 | 34.8% |
| Equity (SPY) | 16.3% | 19.3% | 0.65 | 20.8% |
| Gold (GLD) | 76.7% | 25.0% | 2.25 | 10.4% |
| Commodities (DBC) | 9.4% | 16.6% | 0.37 | 1.8% |
| Real Estate (VNQ) | 6.5% | 16.6% | 0.21 | 26.3% |
| Bitcoin (BTCUSD) | -27.3% | 44.7% | -0.58 | 4.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with COKE | |
|---|---|---|---|---|
| COKE | 43.7% | 36.4% | 1.08 | - |
| Sector ETF (XLP) | 8.8% | 13.1% | 0.45 | 39.6% |
| Equity (SPY) | 14.1% | 17.0% | 0.66 | 31.9% |
| Gold (GLD) | 22.1% | 16.9% | 1.06 | 3.9% |
| Commodities (DBC) | 11.3% | 18.9% | 0.48 | 2.3% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.19 | 31.4% |
| Bitcoin (BTCUSD) | 13.4% | 57.9% | 0.45 | 9.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with COKE | |
|---|---|---|---|---|
| COKE | 26.3% | 36.9% | 0.75 | - |
| Sector ETF (XLP) | 8.4% | 14.6% | 0.44 | 40.9% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 35.4% |
| Gold (GLD) | 15.7% | 15.5% | 0.84 | 1.3% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 6.3% |
| Real Estate (VNQ) | 6.2% | 20.7% | 0.27 | 35.7% |
| Bitcoin (BTCUSD) | 68.8% | 66.7% | 1.08 | 8.3% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2025 | 3.5% | 5.3% | 26.7% |
| 7/24/2025 | 6.5% | 0.2% | 6.9% |
| 2/20/2025 | -4.1% | -2.9% | -9.8% |
| 10/30/2024 | -6.3% | -0.7% | 8.7% |
| 7/31/2024 | 8.3% | 9.4% | 15.7% |
| 5/6/2024 | 17.7% | 11.0% | 16.4% |
| 2/21/2024 | -3.3% | -1.0% | 5.1% |
| 11/1/2023 | 0.4% | 5.1% | 13.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 16 | 17 |
| # Negative | 7 | 6 | 5 |
| Median Positive | 8.3% | 8.0% | 15.7% |
| Median Negative | -4.1% | -2.9% | -9.8% |
| Max Positive | 17.9% | 21.4% | 49.3% |
| Max Negative | -23.5% | -17.2% | -17.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
COKE Trade Sentinel
Core Investment Debate
The Sustainable Growth Engine: Price vs. Volume
BULL VIEW
Bulls see a successful operational turnaround, with accelerating volume growth (+3.3% Q3) outperforming peers (PEP -4%), proving the franchise's health and justifying strong pricing power.
CORE TENSION
Can COKE sustain revenue growth via volume recovery and margin expansion, or is it overly reliant on potentially unsustainable price hikes amid growing consumer and regulatory pressures?
PREVAILING SENTIMENT
The Q3 2025 report showing a balanced 6.9% sales growth from both volume (+3.3%) and price/mix (+3.6%) shows the bull case is currently executing, but upcoming EPR law costs represent a tangible threat.
BEAR VIEW
Bears see growth as fragile, dependent on price increases that may not stick if consumer financial strain worsens, alongside new state-level regulatory costs (EPR laws) compressing margins.
| Timeline | Event & Metric To Watch |
|---|---|
February 18, 2026 | Q4 2025 Earnings & 2026 Guidance Watch: Revenue growth composition (price/mix vs. volume) and any specific financial provision for new state-level EPR (packaging tax) laws in 2026 guidance. |
H1 2026 (Ongoing) | Macro Data on Consumer Health Watch: Monthly US consumer credit delinquency rates and weekly jobless claims. A sustained uptick signals consumer weakness. |
Next 6 Months | Teamsters Contract Negotiations Update Watch: Press releases from the Teamsters Union regarding contract negotiations, particularly around wage and healthcare cost demands. |
| Date | Event | Stock Impact |
|---|---|---|
2025-11-11 | Major Shareholder Divestiture Details: The Coca-Cola Company (KO) announced the sale of its entire stake in Coca-Cola Consolidated. The large transaction was seen as removing an overhang, driving the stock higher. | Stock Surged +4.68% |
2025-10-29 | Q3 2025 Earnings Release Details: Reported strong 6.9% sales growth, driven by a significant rebound in physical case volume (+3.3%), beating competitor trends and signaling a successful operational turnaround. | Rose significantly by 3.53% |
2025-07-24 | Q2 2025 Earnings Release Details: Announced a 3% increase in net sales versus the prior year's second quarter, with gross profit growing by 4%. The positive results signaled stabilization after a weaker Q1. | Stock Surged +6.49% |
2025-11-20 | Reached 52-Week High Details: Following strong Q3 earnings and the removal of the KO stock overhang, the stock price reached new all-time highs, prompting some profit-taking. | Slight -1.15% pullback |
2025-09-08 | General Market Recovery Details: Stock participated in a broader market rally after a period of weakness in late August and early September. | Modest 1.40% gain |
2025-08-19 | Post-Earnings Momentum Details: Continued upward drift following the positive Q2 earnings report in late July as investors digested the company's stabilizing performance. | Rose significantly by 2.95% |
Position Sizing
4%-6%
NORMAL
Volatility is moderate and compressing, not explosive. The Neutral sentiment, resulting from a stalemate between strong execution and forward risks, combined with medium visibility, warrants a standard allocation. Not a 'fat pitch' but a solid compounder.
Diversification Alternatives
MNST
INDUSTRYAvoids the 'legacy CSD decline' risk of COKE by dominating the high-growth energy drink category. Possesses a debt-free balance sheet and superior profit margins.
KDP
INDUSTRYOffers a more diversified portfolio across coffee and various beverage categories, reducing reliance on carbonated soft drinks. Actively expanding into high-growth energy drinks.
External Quote Links
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| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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