‘Coca-Cola Consolidated, Inc.’ is a $3.4 billion market cap business that trades under the ticker symbol (COKE).
Despite its name and ticker giving the strong impression that it might be an official part of ‘The Coca-Cola Company’ (KO), it is in fact just one of the many Coca-Cola bottlers that do the capital-intensive work of converting the concentrates, beverage bases and syrups sold by KO into drinks, and distributing them to retailers.
The shares are currently trading at a huge premium to other listed Coca-Cola bottlers, and this distorted valuation appears