Coca-Cola Consolidated, Inc. (COKE) Stock

Coca-Cola Consolidated, Inc. (COKE) is a Consumer Staples stock trading at $175.59 (as of 2026-07-09), with a market capitalization of $16.54B and a trailing P/E of 28.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Coca-Cola Consolidated, Inc. manufactures, markets, and distributes nonalcoholic beverages in the United States, primarily products of The Coca-Cola Company. Its offerings include carbonated and noncarbonated drinks such as sparkling beverages, bottled water, ready-to-drink coffee and tea, juices, energy products, and sports drinks, which it sells through retail and foodservice channels and also via post-mix distribution and to other Coca-Cola bottlers.

Understand Coca-Cola Consolidated, Inc.: how it makes money

Coca-Cola Consolidated manufactures, markets, and distributes nonalcoholic Coca-Cola branded beverages in the United States, generating revenue by selling and delivering bottled and other drink formats (including post-mix products) to retailers and other Coca-Cola bottlers.

The company’s profit engine is physical beverage delivery volume through its direct store delivery model, tracked via standardized physical case volume, and the mix between sparkling and still categories.

Revenue by segment (latest quarter)
Sparkling	$1.1B
Still	$0.6B

Business quality (Weak): Clear operating visibility via standardized physical case volume, with segment revenue split between sparkling and still, but near-term unit volume is showing comparable declines in both categories.

Valuation: At 18× earnings, COKE trades in line with the Candy & Soda average (18×). Note: one-time items can distort reported P/E.

Bull case

Sparkling is the larger revenue category (Sparkling Net Sales: 1.09B vs Still Net Sales: 0.61B): This matters because standardized physical case volume and category volume are key operating metrics for how much product moves through the distribution network.
Large tracked delivery scale, 87.0M standard physical cases (Direct Store Delivery Standardized): Scale provides a base for executing distribution across both sparkling and still categories (sparkling category volume: 65.7M, still category volume: 21.3M).

Bear case

Comparable volume declines are present in both categories: Sparkling category volume decline is 2.0% and still category volume decline is 3.1%, with Standard Physical Case Volume Decline of 2.1%.
Mix sensitivity may arise as category volume trends diverge: Sparkling category volume decline (2.0%) is smaller than still (3.1%), which can affect overall volume trends even if the company’s total distribution remains steady.

Valuation — source: SEC EDGAR (first-party)
Price	$175.59
Market Cap	$16.54B
P/E Ratio	28.6
EV / EBITDA	15.8
Price / Sales	2.21
FCF Yield	4.0%
DCF Value (model)	$4939.28
DCF Upside vs Price	2713.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$7.23B
Net Margin	7.9%
Revenue Growth (YoY)	16.9%
FCF Growth (YoY)	41.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.42 (grey)

Valuation vs Sector & Industry
Stock P/E	28.6
Sector P/E (Consumer Staples)	23.7
Industry P/E (Candy & Soda)	15.5
vs Sector	20.5%
vs Industry	84.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.01B)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Consumer Staples
Industry	Candy & Soda
CEO	J. Frank Harrison
Employees	15,000
Country	US
IPO Date	1990-06-23

Related Companies (Business model: Branded Consumer (CPG, Staples, Beauty, Alcohol, Pet, Nicotine); 8 closest by market cap; US-domiciled)

Data as of 2026-07-09.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.