Coca-Cola Consolidated: An Under-The-Radar Bottler With Great Pricing Power

2025-03-12 15:38:37 ET

Summary

• Coca-Cola Consolidated has had surging earnings in the past few years after territory acquisition from The Coca-Cola Company, as the company has had great regional pricing power.
• COKE's distributed brand portfolio includes strongly performing Dr Pepper and Monster Energy on top of stable Coca-Cola Company brands, aiding the long-term outlook.
• COKE's highly stable earnings remain attractively valued through the company's great pricing power. I estimate a 24% upside to a fair value of $1,635.

Coca-Cola Consolidated, Inc. ( COKE ) is a beverage bottler. The company manufactures and distributes primarily for The Coca-Cola Company ( KO ), but also for Monster Beverage Corporation’s ( MNST ) and Keurig Dr Pepper Inc.'s ( KDP ) products across 14 states and Washington D.C in the Southeast, Midwest, and Mid-Atlantic parts of the US. The company is one of the Coca-Cola Company’s largest bottlers , being the largest one within the US....

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