COKE - Coca-Cola Consolidated: Still Trading At A Free Cash Flow Yield Of Almost 8%

2024-02-25 11:40:00 ET

Summary

• Coca-Cola Consolidated's stock has performed well, up over 90% in the past two years compared to the S&P 500's 20%.
• The company's cash flow remains strong, with operating income increasing by 30% in the past year.
• Coca-Cola Consolidated has a net cash position and is trading at less than 8 times its EBITDA, making it an attractive investment.

Introduction

Sometimes the best investments are the ones that don’t need a lot of attention. I last discussed Coca-Cola Consolidated ( COKE ) in February 2022 and rated it a ‘strong buy’ . The share price has performed really well in the past two years as the stock is up by in excess of 90% compared to a total performance of the S&P 500 of less than 20%....

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