COKE
Coca-Cola Consolidated, Inc.Consumer Defensive·Beverages - Non-Alcoholic
$173.26
$13.6B market cap
Revenue
$3.8B
Free Cash Flow
$249.5M
Rev Growth
+0.0%
FCF Margin
6.7%
P/FCF
54.5x
EV/FCF
64.7x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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. The company offers sparkling beverages, such as carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, ready to drink coffee and tea, enhanced water, juices, and sports drinks. It also sells its products to other Coca-Cola bottlers; a
2-Year Price History
$175.53+74.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 1,847 | 237.5 | 237.5 | 111.6 | 205.3 | 142.2 | -63.1 | 233.0 | 2,753 | 66.6 | 27.8% | 7.4x | -- |
| Act | 2025-Q4 | 1,904 | 300.8 | 245.5 | 137.3 | 209.7 | 107.3 | -102.3 | 281.9 | 3,002 | 83.8 | 25.9% | 11.9x | -- |
Valuation & Metrics
Market Stats
Price$173.26
Market Cap$13.6B
Enterprise Value$16.1B
P/S Ratio3.6x
P/FCF54.5x
EV/FCF64.7x
FCF Margin (TTM)6.7%
FCF Yield1.8%
Dividend Yield (TTM)2.0%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$3.8B
Net Income$248.8M
Free Cash Flow$249.5M
Revenue Growth (YoY)+0.0%
EBITDA Margin14.4%
Net Margin6.6%
FCF Margin6.7%
CapEx % of Revenue4.4%
SBC % of Revenue0.0%
ROIC26.8%
WC Change % Rev-6.2%
Interest Coverage9.4x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares1.9M
Days to Cover5.3
Change (vs Prior)+18.7%
Need at least 2 settlement dates for chart
Employees
Headcount15,000
Revenue / Employee$250,061
Gross Profit / Employee$96,974
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
28.9%(+6.6% YoY)
559 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
22.2%(+6.8% YoY)
12 filers
Vanguard, iShares, SPDR
Market makers
0.3%(+0.1% YoY)
8 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $1.01B | $115.16 | +$29.9M | +$903M | -0.2% | $5.69T |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $567M | $191.49 | +$567M | +$567M | — | $1.91T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $487M | $191.49 | +$487M | +$487M | — | $4.04T |
| FIRST TRUST ADVISORS LP | $387M | $124.36 | −$3.8M | +$374M | +0.0% | $139.72B |
| Boston Partners | $385M | $115.79 | −$61.2M | +$347M | +0.5% | $95.40B |
| STATE STREET CORPPassive | $334M | $113.15 | +$9.4M | +$299M | -0.2% | $2.89T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $308M | $122.17 | +$38.2M | +$283M | +2.3% | $1.61T |
| Diversified Trust Co | $281M | $110.93 | +$249K | +$253M | -0.2% | $5.39B |
| AQR CAPITAL MANAGEMENT LLC | $245M | $110.04 | −$31.0M | +$228M | -0.2% | $218.19B |
| DIMENSIONAL FUND ADVISORS LPPassive | $186M | $111.07 | −$27.4M | +$166M | -0.4% | $480.92B |
| MORGAN STANLEY | $93.1M | $120.54 | +$16.2M | +$84.1M | -0.3% | $1.65T |
| NORTHERN TRUST CORPPassive | $91.0M | $112.06 | +$2.7M | +$81.4M | -0.2% | $755.34B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $89.5M | $108.78 | −$577K | +$79.2M | +0.7% | $645.81B |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | $85.1M | $113.56 | −$25.0M | +$78.3M | -0.4% | $9.95B |
| Bank of New York Mellon Corp | $80.1M | $111.28 | +$1.2M | +$68.4M | -0.2% | $543.21B |
| RENAISSANCE TECHNOLOGIES LLC | $73.3M | $114.11 | +$8.7M | +$64.9M | +1.2% | $63.91B |
| D. E. Shaw & Co., Inc. | $72.6M | $111.08 | +$3.1M | +$65.9M | -0.3% | $118.02B |
| CAPTRUST FINANCIAL ADVISORS | $71.0M | $189.38 | +$69.0M | +$70.9M | -0.2% | $57.15B |
| VANGUARD FIDUCIARY TRUST COPassive | $67.6M | $191.49 | +$67.5M | +$67.6M | — | $395.83B |
| FMR LLC | $60.7M | $114.46 | +$13.7M | +$47.9M | -0.0% | $1.89T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.03%
avg per quarter
Holders (ex-self)
-0.04%
excl. this stock
Buyers (this Q)
-0.37%
288 buyers · $2.31B in
Sellers (this Q)
+0.24%
177 sellers · $-0.11B out
alpha coverage: 84% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+39.3%
how holders react when this stock falls
On quiet Qs
-2.7%
−10% to +10% baseline
On rallies (+10%+)
+7.5%
how they react when this stock rises
Holders' portfolio flow this Q
+2.7%
inflows — adds are organic
Sellers' portfolio flow this Q
+5.3%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.8%
Holder mid (any stock)
-2.2%
Holder rally (any stock)
-3.8%
Biggest decreases this quarter
Boston Partners−$61.2Mα+0.5AQR CAPITAL MANAGEMENT LLC−$31.0Mα-0.2DIMENSIONAL FUND ADVISORS LP−$27.4Mα-0.4VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.−$25.0Mα-0.4ING GROEP NVexited−$10.3MPoint72 Asset Management, L.P.exited−$5.5MTWINBEECH CAPITAL LPexited−$5.2MTrexquant Investment LPexited−$4.5MFIRST TRUST ADVISORS LP−$3.8Mα+0.0Pullen Investment Management, LLCexited−$3.1M
New buyers this quarter
Top-5 holders · 40.0%
BlackRock, Inc.--
VANGUARD PORTFOLIO MANAGEMENT LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
FIRST TRUST ADVISORS LP--
Boston Partners--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
FIRST TRUST ADVISORS LP2.0MBoston Partners2.0MNORGES BANK—Diversified Trust Co1.5MAQR CAPITAL MANAGEMENT LLC1.3MPRICE T ROWE ASSOCIATES INC /MD/256KFMR LLC317KMILLENNIUM MANAGEMENT LLC258KInvesco Ltd.258KT. Rowe Price Investment Management, Inc.—
Analyst Coverage
Analyst Coverage
Analyst Ratings
1
Hold: 1Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$2.39B
1 txn · 1 insider · 18,835,460 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-11-07 | SELL | COCA COLA CO | 10 percent owner | 18,835,460 | $127.00 | $2.39B | $0 |
Order Flow (FINRA, ~3w lag)
21.2%retail+0.6pp
24.7%dark+1.2pp
week of 2026-04-27
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Coca-Cola Consolidated, Inc.: Debt-Fueled Capital Cannibalization and Negative Equity Transition
Overall Risk
7/10
Fraud
3/10
Dilution
2/10
Insolvency
8/10
Earnings Overstated
4/10
Hidden Liabilities
6/10
Legal
3/10
Audit Warnings
2/10
Hidden Upside
4/10
Contextually Acceptable
3/10