2024-05-08 07:30:15 ET
Summary
- Coca-Cola Consolidated is the largest bottler of non-alcoholic beverages in the US, with a strong track record of delivering value to shareholders.
- COKE's recent decision to buy back shares has pushed its valuation to a level that is not attractive for investors.
- I am downgrading my rating on COKE stock to "HOLD" considering other undervalued stocks for investment.
Dear readers/followers,
When looking at the company Coca-Cola Consolidated ( COKE ), not Coca-Cola ( KO ), we remember that we're looking at the largest bottler in the US, with a significant previous upside potential. At least, this was how I described the company in my last article, which by the way you can find here.
This is important because, as you can see, I have been outperforming for a long time when it comes to COKE. In fact, my position, as of the bounce yesterday, is now over 1% of my portfolio, and this makes an update to my thesis not only possible but absolutely crucial to see how we handle this company from a valuation perspective....
Read the full article on Seeking Alpha
For further details see:
Coca-Cola Consolidated: I Hope You Bought The Stock (Rating Downgrade)