Headquartered in Charlotte, NC Fiscal year ends December NASDAQ: COKE cokeconsolidated.com
Coca-Cola Consolidated, Inc. (NASDAQ: COKE) is the largest Coca-Cola bottler in the United States. It manufactures, sells and distributes beverages of The Coca-Cola Company and other partner companies, covering more than 300 brands and flavors across 14 states and the District of Columbia and serving approximately 60 million consumers. The company reports beverage sales in two categories: Sparkling and Still. Sparkling growth is led by zero-sugar and flavor offerings, while Still growth comes primarily from Energy and Protein products. Products are delivered via direct store delivery through large store, club, value and convenience channels, with multi-pack, take-home aluminum cans as a key package format. The company depends on marketing funding support from The Coca-Cola Company and is exposed to commodity costs such as aluminum and fuel. It is investing in production capacity, including a new glass bottle line in Indianapolis, while paying down term loan debt. Updated
Concentrix leads today's payouts with $22.6 million going to shareholders on November 3, at 37 cents a share. Four more companies, including GE HealthCare and Coca-Cola Consolidated, round out roughly $79 million in cash heading out the door over the next three weeks.
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Coca-Cola Consolidated just rewarded its shareholders with a 400% dividend hike. The beverage bottler also announced a $1 billion share buyback program.
Coca-Cola Consolidated, Inc. (NASDAQ: COKE) is the largest Coca-Cola bottler in the United States.
24/7 Wall St.'s 12-month price target for COKE is $230.35, rated Buy. COKE price prediction →
