Coca Cola Consolidated Stock Today

COKE Stock  USD 846.41  4.23  0.50%   

Performance

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Odds Of Distress

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Coca Cola is trading at 846.41 as of the 28th of March 2024, a 0.50 percent increase since the beginning of the trading day. The stock's lowest day price was 836.04. Coca Cola has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Coca Cola Consolidated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2023 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Food, Beverage & Tobacco
IPO Date
26th of March 1990
Category
Consumer Defensive
Classification
Consumer Staples
Coca-Cola Consolidated, Inc., together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. Coca-Cola Consolidated, Inc. was incorporated in 1980 and is headquartered in Charlotte, North Carolina. The company has 8.37 M outstanding shares of which 109.72 K shares are currently shorted by private and institutional investors with about 2.18 trading days to cover. More on Coca Cola Consolidated

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Coca Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Coca Cola's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Coca Cola or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanUmesh Kasbekar
Thematic IdeaCandy and Soda (View all Themes)
Business ConcentrationSoft Drinks & Non-alcoholic Beverages, Beverages - Non-Alcoholic, Consumer Defensive, NASDAQ Composite, SP Midcap 400, NASDAQ Composite Total, Candy and Soda, Consumer Staples, Beverages, Beverages—Non-Alcoholic, Consumer Defensive (View all Sectors)
Average Analyst Recommendation
Analysts covering Coca Cola report their recommendations after researching Coca Cola's financial statements, talking to executives and customers, or listening in on Coca Cola's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Coca-Cola Consolidated. The Coca consensus assessment is calculated by taking the average forecast from all of the analysts covering Coca Cola.
Financial Strength
Based on the key measurements obtained from Coca Cola's financial statements, Coca Cola Consolidated is performing exceptionally good at this time. It has a great probability to report excellent financial results in April. Financial strength of Coca-Cola Consolidated is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.10.0952
Sufficiently Up
Slightly volatile
Asset Turnover0.891.5514
Way Down
Slightly volatile
Gross Profit Margin0.460.3906
Fairly Up
Very volatile
Net Debt94.9 M99.9 M
Notably Down
Very volatile
Total Current Liabilities1.1 B1.1 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.1 B1.8 B
Way Down
Slightly volatile
Total Assets4.5 B4.3 B
Sufficiently Up
Slightly volatile
Total Current Assets1.8 B1.7 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities851.2 M810.7 M
Sufficiently Up
Slightly volatile
Coca Cola's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Coca Cola's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Coca Cola's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Coca Cola's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Coca Cola's financial leverage. It provides some insight into what part of Coca Cola's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Coca Cola's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Coca Cola deploys its capital and how much of that capital is borrowed.
Liquidity
Coca Cola cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 735.14 M in liabilities with Debt to Equity (D/E) ratio of 0.74, which is about average as compared to similar companies. Coca-Cola Consolidated has a current ratio of 1.37, which is within standard range for the sector. Debt can assist Coca Cola until it has trouble settling it off, either with new capital or with free cash flow. So, Coca Cola's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Coca-Cola Consolidated sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Coca to invest in growth at high rates of return. When we think about Coca Cola's use of debt, we should always consider it together with cash and equity.

Free Cash Flow

554.81 Million
Coca Cola Consolidated (COKE) is traded on NASDAQ Exchange in USA. It is located in 4100 Coca-Cola Plaza, Charlotte, NC, United States, 28211 and employs 15,000 people. Coca Cola is listed under Soft Drinks & Non-alcoholic Beverages category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Coca Cola's market, we take the total number of its shares issued and multiply it by Coca Cola's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Coca-Cola Consolidated conducts business under Beverages sector and is part of Consumer Staples industry. The entity has 8.37 M outstanding shares of which 109.72 K shares are currently shorted by private and institutional investors with about 2.18 trading days to cover. Coca Cola Consolidated currently holds about 163.24 M in cash with 810.69 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 17.42.
Check Coca Cola Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Coca-Cola Consolidated is $7.87 Billion. Coca Cola Consolidated retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
Check Coca Ownership Details

Coca Stock Price Odds Analysis

What are Coca Cola's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Coca Cola jumping above the current price in 90 days from now is about 69.63%. The Coca Cola Consolidated probability density function shows the probability of Coca Cola stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Coca Cola has a beta of 0.6925 suggesting as returns on the market go up, Coca Cola average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Coca Cola Consolidated will be expected to be much smaller as well. Additionally, coca Cola Consolidated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 846.41HorizonTargetOdds Above 846.41
30.08%90 days
 846.41 
69.63%
Based on a normal probability distribution, the odds of Coca Cola to move above the current price in 90 days from now is about 69.63 (This Coca Cola Consolidated probability density function shows the probability of Coca Stock to fall within a particular range of prices over 90 days) .

Coca Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Coca Cola that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Coca Cola's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Coca Cola's value.
InstituionRecorded OnShares
T. Rowe Price Associates, Inc.2023-12-31
75.1 K
Charles Schwab Investment Management Inc2023-12-31
71.7 K
Northern Trust Corp2023-12-31
61.5 K
Goldman Sachs Group Inc2023-12-31
60.3 K
Bank Of New York Mellon Corp2023-12-31
54.1 K
Lsv Asset Management2023-12-31
53.2 K
Hhg Plc2023-12-31
49.1 K
Morgan Stanley - Brokerage Accounts2023-12-31
45 K
Vaughan Nelson Scarbrgh & Mccullough Lp2023-12-31
43.6 K
Vanguard Group Inc2023-12-31
578.4 K
Blackrock Inc2023-12-31
565.9 K
View Coca Cola Diagnostics

Coca Cola Historical Income Statement

Coca Cola Consolidated Income Statement is one of the three primary financial statements used for reporting Coca's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Coca-Cola Consolidated revenue and expense. Coca Cola Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Coca Cola's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 7 B, whereas Total Other Income Expense Net is projected to grow to (156.8 M). View More Fundamentals

Coca Stock Against Markets

Picking the right benchmark for Coca Cola stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Coca Cola stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Coca Cola is critical whether you are bullish or bearish towards Coca Cola Consolidated at a given time. Please also check how Coca Cola's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Coca Cola without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Coca Cola Corporate Directors

Coca Cola corporate directors refer to members of a Coca Cola board of directors. The board of directors generally takes responsibility for the Coca Cola's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Coca Cola's board members must vote for the resolution. The Coca Cola board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Deborah EverhartDirectorProfile
James HelveyDirectorProfile
John MurreyIndependent DirectorProfile
James MorganIndependent DirectorProfile

How to buy Coca Stock?

Before investing in Coca Cola, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Coca Cola. To buy Coca Cola stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Coca Cola. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Coca Cola stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Coca Cola Consolidated stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Coca Cola Consolidated stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Coca Cola Consolidated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Coca Stock please use our How to Invest in Coca Cola guide.

Already Invested in Coca Cola Consolidated?

The danger of trading Coca Cola Consolidated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Coca Cola is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Coca Cola. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Coca-Cola Consolidated is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Coca-Cola Consolidated is a strong investment it is important to analyze Coca Cola's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Coca Cola's future performance. For an informed investment choice regarding Coca Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coca Cola Consolidated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Coca Cola's price analysis, check to measure Coca Cola's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coca Cola is operating at the current time. Most of Coca Cola's value examination focuses on studying past and present price action to predict the probability of Coca Cola's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coca Cola's price. Additionally, you may evaluate how the addition of Coca Cola to your portfolios can decrease your overall portfolio volatility.
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Is Coca Cola's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coca Cola. If investors know Coca will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coca Cola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.36)
Dividend Share
2
Earnings Share
43.51
Revenue Per Share
709.821
Quarterly Revenue Growth
0.037
The market value of Coca-Cola Consolidated is measured differently than its book value, which is the value of Coca that is recorded on the company's balance sheet. Investors also form their own opinion of Coca Cola's value that differs from its market value or its book value, called intrinsic value, which is Coca Cola's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coca Cola's market value can be influenced by many factors that don't directly affect Coca Cola's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coca Cola's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coca Cola is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coca Cola's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.