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Coca-Cola Consolidated

Nasdaq:COKE
Snowflake Description

Mediocre balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COKE
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Coca-Cola Consolidated, Inc., together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The last earnings update was 36 days ago. More info.


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  • Coca-Cola Consolidated has significant price volatility in the past 3 months.
COKE Share Price and Events
7 Day Returns
-4.8%
NasdaqGS:COKE
11.4%
US Beverage
7.2%
US Market
1 Year Returns
-27.2%
NasdaqGS:COKE
-3.5%
US Beverage
-10.4%
US Market
COKE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coca-Cola Consolidated (COKE) -4.8% -5.8% -26.3% -27.2% 4.2% 79.4%
US Beverage 11.4% -11.2% -15% -3.5% 4.8% 15.3%
US Market 7.2% -12.6% -19.4% -10.4% 8.3% 21%
1 Year Return vs Industry and Market
  • COKE underperformed the Beverage industry which returned -3.5% over the past year.
  • COKE underperformed the Market in United States of America which returned -10.4% over the past year.
Price Volatility
COKE
Industry
5yr Volatility vs Market

Value

 Is Coca-Cola Consolidated undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Coca-Cola Consolidated to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coca-Cola Consolidated.

NasdaqGS:COKE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:COKE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.492 (1 + (1- 21%) (78.53%))
0.864
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.864 * 5.44%)
6.44%

Discounted Cash Flow Calculation for NasdaqGS:COKE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Coca-Cola Consolidated is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:COKE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.44%)
2020 95.82 Est @ -13.95% 90.02
2021 86.96 Est @ -9.24% 76.76
2022 81.79 Est @ -5.95% 67.83
2023 78.81 Est @ -3.64% 61.40
2024 77.21 Est @ -2.03% 56.52
2025 76.52 Est @ -0.9% 52.62
2026 76.44 Est @ -0.11% 49.39
2027 76.78 Est @ 0.45% 46.61
2028 77.42 Est @ 0.84% 44.15
2029 78.28 Est @ 1.11% 41.94
Present value of next 10 years cash flows $587.00
NasdaqGS:COKE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $78.28 × (1 + 1.74%) ÷ (6.44% – 1.74%)
$1,695.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,695.03 ÷ (1 + 6.44%)10
$908.21
NasdaqGS:COKE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $587.00 + $908.21
$1,495.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,495.21 / 7.14
$209.37
NasdaqGS:COKE Discount to Share Price
Calculation Result
Value per share (USD) From above. $209.37
Current discount Discount to share price of $208.14
= -1 x ($208.14 - $209.37) / $209.37
0.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Coca-Cola Consolidated is available for.
Intrinsic value
1%
Share price is $208.14 vs Future cash flow value of $209.37
Current Discount Checks
For Coca-Cola Consolidated to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Coca-Cola Consolidated's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Coca-Cola Consolidated's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coca-Cola Consolidated's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coca-Cola Consolidated's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:COKE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-29) in USD $1.21
NasdaqGS:COKE Share Price ** NasdaqGS (2020-03-31) in USD $208.14
United States of America Beverage Industry PE Ratio Median Figure of 17 Publicly-Listed Beverage Companies 27.8x
United States of America Market PE Ratio Median Figure of 2,938 Publicly-Listed Companies 13.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coca-Cola Consolidated.

NasdaqGS:COKE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:COKE Share Price ÷ EPS (both in USD)

= 208.14 ÷ 1.21

171.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola Consolidated is overvalued based on earnings compared to the US Beverage industry average.
  • Coca-Cola Consolidated is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Coca-Cola Consolidated's expected growth come at a high price?
Raw Data
NasdaqGS:COKE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 171.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Beverage Industry PEG Ratio Median Figure of 13 Publicly-Listed Beverage Companies 1.72x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 1.01x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Coca-Cola Consolidated, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Coca-Cola Consolidated's assets?
Raw Data
NasdaqGS:COKE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-29) in USD $37.01
NasdaqGS:COKE Share Price * NasdaqGS (2020-03-31) in USD $208.14
United States of America Beverage Industry PB Ratio Median Figure of 28 Publicly-Listed Beverage Companies 2.35x
United States of America Market PB Ratio Median Figure of 5,134 Publicly-Listed Companies 1.27x
NasdaqGS:COKE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:COKE Share Price ÷ Book Value per Share (both in USD)

= 208.14 ÷ 37.01

5.62x

* Primary Listing of Coca-Cola Consolidated.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola Consolidated is overvalued based on assets compared to the US Beverage industry average.
X
Value checks
We assess Coca-Cola Consolidated's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Coca-Cola Consolidated has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Coca-Cola Consolidated expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Coca-Cola Consolidated has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.1%
Expected Beverage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coca-Cola Consolidated expected to grow at an attractive rate?
  • Unable to compare Coca-Cola Consolidated's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Coca-Cola Consolidated's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Coca-Cola Consolidated's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:COKE Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Beverage Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
United States of America Beverage Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:COKE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:COKE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NasdaqGS:COKE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-29 4,827 290 11
2019-09-29 4,784 347 -5
2019-06-30 4,717 200 7
2019-03-31 4,664 255 -13
2018-12-30 4,625 169 -20
2018-09-30 4,579 131 85
2018-07-01 4,537 186 77
2018-04-01 4,487 111 87
2017-12-31 4,288 308 97
2017-10-01 4,039 236 40
2017-07-02 3,726 280 46
2017-04-02 3,397 294 55
2017-01-01 3,130 162 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Coca-Cola Consolidated is high growth as no earnings estimate data is available.
  • Unable to determine if Coca-Cola Consolidated is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:COKE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Coca-Cola Consolidated Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:COKE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NasdaqGS:COKE Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-29 1.21
2019-09-29 -0.58
2019-06-30 0.72
2019-03-31 -1.34
2018-12-30 -2.13
2018-09-30 9.09
2018-07-01 8.26
2018-04-01 9.36
2017-12-31 10.35
2017-10-01 4.29
2017-07-02 4.92
2017-04-02 5.92
2017-01-01 5.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Coca-Cola Consolidated will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of COKE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Coca-Cola Consolidated's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Coca-Cola Consolidated's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Coca-Cola Consolidated's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coca-Cola Consolidated has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Coca-Cola Consolidated performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coca-Cola Consolidated's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coca-Cola Consolidated's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Coca-Cola Consolidated has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Coca-Cola Consolidated has become profitable in the last year making it difficult to compare the US Beverage industry average.
Earnings and Revenue History
Coca-Cola Consolidated's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coca-Cola Consolidated Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:COKE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-29 4,826.55 11.38 1,496.28
2019-09-29 4,784.17 -5.43 1,500.60
2019-06-30 4,717.18 6.73 1,475.97
2019-03-31 4,663.52 -12.58 1,492.77
2018-12-30 4,625.36 -19.93 1,482.93
2018-09-30 4,578.86 84.97 1,467.68
2018-07-01 4,537.36 77.12 1,477.32
2018-04-01 4,486.64 87.40 1,449.97
2017-12-31 4,287.59 96.54 1,403.64
2017-10-01 4,039.08 40.01 1,332.31
2017-07-02 3,725.58 45.83 1,268.65
2017-04-02 3,396.67 55.14 1,168.32
2017-01-01 3,130.15 50.15 1,063.41
2016-10-02 2,934.58 33.04 1,004.85
2016-07-03 2,704.36 35.46 930.35
2016-04-03 2,478.66 46.74 866.05
2016-01-03 2,306.46 59.00 796.01
2015-09-27 2,127.38 57.70 741.51
2015-06-28 1,966.25 44.28 687.85
2015-03-29 1,811.04 31.13 642.10
2014-12-28 1,746.37 31.35 619.27
2014-09-28 1,700.07 23.78 612.42
2014-06-29 1,676.86 27.82 603.44
2014-03-30 1,646.36 25.26 591.00
2013-12-29 1,641.33 27.68 584.99
2013-09-29 1,633.69 34.09 567.85
2013-06-30 1,619.09 28.00 563.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Coca-Cola Consolidated has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Coca-Cola Consolidated used its assets less efficiently than the US Beverage industry average last year based on Return on Assets.
  • Coca-Cola Consolidated has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coca-Cola Consolidated's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coca-Cola Consolidated has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Coca-Cola Consolidated's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Coca-Cola Consolidated's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coca-Cola Consolidated is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Coca-Cola Consolidated's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Coca-Cola Consolidated's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coca-Cola Consolidated Company Filings, last reported 3 months ago.

NasdaqGS:COKE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-29 451.12 1,029.92 9.61
2019-09-29 481.11 1,027.34 5.99
2019-06-30 467.71 1,092.15 5.69
2019-03-31 452.60 1,138.50 8.50
2018-12-30 455.17 1,104.40 13.55
2018-09-30 468.56 1,194.11 9.34
2018-07-01 443.22 1,131.31 19.72
2018-04-01 447.58 1,211.11 8.48
2017-12-31 458.91 1,088.02 16.90
2017-10-01 383.12 1,127.85 11.92
2017-07-02 366.09 1,080.58 43.51
2017-04-02 360.39 1,002.31 31.94
2017-01-01 363.02 907.25 21.85
2016-10-02 353.94 820.06 54.22
2016-07-03 330.41 829.82 49.32
2016-04-03 315.12 760.04 32.60
2016-01-03 322.43 619.63 55.50
2015-09-27 312.89 548.91 40.49
2015-06-28 287.23 563.86 43.80
2015-03-29 260.22 526.81 21.16
2014-12-28 256.94 444.76 9.10
2014-09-28 288.20 443.71 23.07
2014-06-29 276.42 453.66 22.87
2014-03-30 262.86 433.61 18.77
2013-12-29 259.93 398.57 11.76
2013-09-29 231.82 413.52 25.28
2013-06-30 215.34 448.48 25.73
  • Coca-Cola Consolidated's level of debt (228.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (173.7% vs 228.3% today).
  • Debt is well covered by operating cash flow (28.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Coca-Cola Consolidated's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coca-Cola Consolidated has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Coca-Cola Consolidated's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.48%
Current annual income from Coca-Cola Consolidated dividends. Estimated to be 0.48% next year.
If you bought $2,000 of Coca-Cola Consolidated shares you are expected to receive $10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Coca-Cola Consolidated's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.95%).
  • Coca-Cola Consolidated's dividend is below the markets top 25% of dividend payers in United States of America (5.4%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:COKE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Beverage Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:COKE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.00 1.00
2020-12-31 1.00 1.00
2019-12-31 1.00 1.00
NasdaqGS:COKE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-10 1.000 0.416
2019-10-11 1.000 0.361
2019-07-12 1.000 0.324
2019-04-12 1.000 0.317
2019-01-11 1.000 0.418
2018-10-12 1.000 0.536
2018-07-13 1.000 0.614
2018-04-13 1.000 0.713
2018-01-16 1.000 0.539
2017-10-13 1.000 0.465
2017-07-21 1.000 0.458
2017-04-13 1.000 0.454
2017-01-13 1.000 0.552
2016-10-14 1.000 0.624
2016-07-15 1.000 0.679
2016-04-15 1.000 0.704
2016-01-15 1.000 0.595
2015-10-16 1.000 0.531
2015-07-17 1.000 0.589
2015-04-17 1.000 0.794
2015-01-16 1.000 0.948
2014-10-17 1.000 1.130
2014-07-18 1.000 1.337
2014-04-17 1.000 1.310
2014-01-17 1.000 1.288
2013-10-18 1.000 1.471
2013-07-19 1.000 1.578
2013-04-19 1.000 1.628
2013-01-18 1.000 1.594
2012-10-19 1.000 1.494
2012-07-20 1.000 1.478
2012-04-20 1.000 1.589
2012-01-20 1.000 1.591
2011-10-21 1.000 1.793
2011-07-22 1.000 1.735
2011-04-21 1.000 1.470
2011-01-21 1.000 1.652
2010-10-22 1.000 1.766
2010-07-23 1.000 1.937
2010-04-23 1.000 1.967
2010-01-22 1.000 1.817
2009-10-23 1.000 2.019
2009-07-24 1.000 1.958
2009-04-24 1.000 1.892

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coca-Cola Consolidated is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Coca-Cola Consolidated is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Coca-Cola Consolidated's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Coca-Cola Consolidated's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Coca-Cola Consolidated's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Coca-Cola Consolidated's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coca-Cola Consolidated afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coca-Cola Consolidated has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Coca-Cola Consolidated's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
J. Harrison
COMPENSATION $11,707,624
AGE 64
TENURE AS CEO 25.9 years
CEO Bio

Mr. J. Frank Harrison, III, has been the Chief Executive Officer Coca-Cola Bottling Co. Consolidated since May 1994. Mr. Harrison was first employed by Coca Cola Bottling Co. Consolidated in 1977 and served as a Division Sales Manager and as its Vice President. Mr. Harrison has been the Chairman of Coca-Cola Bottling Co. Consolidated since December 1996. He served as Vice Chairman of Coca Cola Bottling Co. Consolidated from November 1987 to December 1996. He has been a Director of Coca-Cola Bottling Co. Consolidated since 1986, Wachovia Bank & Trust, N.A., Southern Region Board and The Coca-Cola Bottlers' Association, Inc. He serves as a Director of The American Beverage Association.

CEO Compensation
  • J.'s compensation has increased in line with Coca-Cola Consolidated recently becoming profitable.
  • J.'s remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Coca-Cola Consolidated management team in years:

3
Average Tenure
52.5
Average Age
  • The tenure for the Coca-Cola Consolidated management team is about average.
Management Team

J. Harrison

TITLE
Chairman & CEO
COMPENSATION
$12M
AGE
64
TENURE
25.9 yrs

Umesh Kasbekar

TITLE
Former Consultant & Non-Executive Vice Chairman
COMPENSATION
$3M
AGE
61

Dave Katz

TITLE
President
COMPENSATION
$3M
AGE
50
TENURE
1.3 yrs

Fredrick Anthony

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
55
TENURE
1.3 yrs

Robert Chambless

TITLE
Executive Vice President of Franchise Beverage Operations
COMPENSATION
$2M
AGE
53
TENURE
2.3 yrs

Morgan Everett

TITLE
Senior VP & Director
AGE
37
TENURE
1 yrs

Jody Billiard

TITLE
Senior VP & Chief Accounting Officer
AGE
52
TENURE
14.2 yrs

E. Fisher

TITLE
Executive VP
AGE
50
TENURE
3.2 yrs

Kim Kuo

TITLE
Senior Vice President of Public Affairs
AGE
48
TENURE
4.3 yrs

James Matte

TITLE
Senior Vice President of Human Resources
AGE
59
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Coca-Cola Consolidated board of directors in years:

9.3
Average Tenure
62.5
Average Age
  • The tenure for the Coca-Cola Consolidated board of directors is about average.
Board of Directors

Umesh Kasbekar

TITLE
Former Consultant & Non-Executive Vice Chairman
COMPENSATION
$3M
AGE
61
TENURE
4.3 yrs

Dave Katz

TITLE
President
COMPENSATION
$3M
AGE
50
TENURE
1.3 yrs

Morgan Everett

TITLE
Senior VP & Director
AGE
37
TENURE
9.3 yrs

Dennis Wicker

TITLE
Lead Independent Director
COMPENSATION
$205K
AGE
67
TENURE
1.1 yrs

J. Harrison

TITLE
Chairman & CEO
COMPENSATION
$12M
AGE
64
TENURE
23.3 yrs

Jim Morgan

TITLE
Independent Director
COMPENSATION
$196K
AGE
72
TENURE
12.2 yrs

John Murrey

TITLE
Independent Director
COMPENSATION
$160K
AGE
77
TENURE
27.1 yrs

Sharon Decker

TITLE
Independent Director
COMPENSATION
$176K
AGE
62
TENURE
18.9 yrs

Bill Jones

TITLE
Independent Director
COMPENSATION
$173K
AGE
63
TENURE
9.3 yrs

James Helvey

TITLE
Independent Director
COMPENSATION
$173K
AGE
60
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. May 19 Sell John Murrey Individual 10. May 19 10. May 19 -1,000 $380.76 $-379,604
X
Management checks
We assess Coca-Cola Consolidated's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Coca-Cola Consolidated has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Investors Who Bought Coca-Cola Consolidated (NASDAQ:COKE) Shares Five Years Ago Are Now Up 396%

Check out our latest analysis for Coca-Cola Consolidated While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … During five years of share price growth, Coca-Cola Consolidated actually saw its EPS drop 25% per year. … We note that for Coca-Cola Consolidated the TSR over the last 5 years was 411%, which is better than the share price return mentioned above.

Simply Wall St -

Does Coca-Cola Consolidated, Inc.'s (NASDAQ:COKE) CEO Pay Matter?

First, this article will compare CEO compensation with compensation at similar sized companies. … Harrison's Compensation Compare With Similar Sized Companies. … We compared total CEO remuneration at Coca-Cola Consolidated, Inc.

Simply Wall St -

Do Institutions Own Shares In Coca-Cola Consolidated, Inc. (NASDAQ:COKE)?

The big shareholder groups in Coca-Cola Consolidated, Inc. … Taking a look at our data on the ownership groups (below), it's seems that institutions are noticeable on the share registry. … Insider Ownership Of Coca-Cola Consolidated While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Have Insiders Been Selling Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Coca-Cola Consolidated, Inc. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Coca-Cola Consolidated Coca-Cola Consolidated Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Independent Director, John Murrey, sold US$380k worth of shares at a price of US$381 per share. … Insider Ownership of Coca-Cola Consolidated I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Coca-Cola Consolidated, Inc. (NASDAQ:COKE)?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is Coca-Cola Consolidated, Inc. (NASDAQ:COKE) Excessively Paying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Harrison's Compensation Compare With Similar Sized Companies. … is worth US$2.7b, and total annual CEO compensation is US$11m.

Simply Wall St -

Examining Coca-Cola Consolidated, Inc.’s (NASDAQ:COKE) Weak Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Does Coca-Cola Consolidated, Inc.'s (NASDAQ:COKE) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Coca-Cola Consolidated has a price to earnings ratio of 23.73, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

With A Return On Equity Of 20%, Has Coca-Cola Consolidated, Inc.'s (NASDAQ:COKE) Management Done Well?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Kind Of Investor Owns Most Of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Coca-Cola Bottling Consolidated has a market capitalization of US$1.9b, so we would expect some institutional investors to have noticed the stock. … Check out our latest analysis for Coca-Cola Bottling Consolidated

Simply Wall St -

Company Info

Description

Coca-Cola Consolidated, Inc., together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks. It also sells its products to other Coca-Cola bottlers; and post-mix products that are dispensed through equipment, which mixes the fountain syrup with carbonated or still water enabling fountain retailers to sell finished products to consumers in cups or glasses. In addition, the company distributes products for various other beverage brands that include Dr Pepper and Monster Energy. It sells and distributes its products directly to retail stores and other outlets, which comprise food markets, institutional accounts, and vending machine outlets. The company was formerly known as Coca-Cola Bottling Co. Consolidated and changed its name to Coca-Cola Consolidated, Inc. in January 2019. Coca-Cola Consolidated, Inc. was incorporated in 1980 and is headquartered in Charlotte, North Carolina.

Details
Name: Coca-Cola Consolidated, Inc.
COKE
Exchange: NasdaqGS
Founded: 1980
$1,489,205,942
7,141,447
Website: http://www.cokeconsolidated.com
Address: Coca-Cola Consolidated, Inc.
4100 Coca-Cola Plaza,
Charlotte,
North Carolina, 28211,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS COKE Common Stock Nasdaq Global Select US USD 04. Dec 1972
DB CC5 Common Stock Deutsche Boerse AG DE EUR 04. Dec 1972
LSE 0I0T Common Stock London Stock Exchange GB USD 04. Dec 1972
BRSE CC5 Common Stock Berne Stock Exchange CH CHF 04. Dec 1972
Number of employees
Current staff
Staff numbers
15,850
Coca-Cola Consolidated employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:14
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/26
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/29
Last annual earnings reported: 2019/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.