We say this upfront: Coca-Cola Consolidated (COKE) should not be confused with Coca-Cola Company (KO), particularly since the market cap of the two is $2 billion and $195 billion, respectively. In our view, COKE doesn't get enough coverage, particularly at a time when the beverage business is seeing a coronavirus-driven resurgence. We are thus affirming our Buy thesis on this name and discussing key tailwinds below:
Why We Are Bullish:
Stay-at-home business is a major tailwind: With the majority of the US population increasing their non-alcoholic beverage consumption in the aftermath