Coca-Cola Consolidated (COKE)

Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Its Purpose is to honor God, serve others, pursue excellence and grow profitably. For over 118 years, the company has been deeply committed to the consumers, customers and communities that serves and passionates about the broad portfolio of beverages and services it offers. The Company makes, sells and distributes beverages of The Coca-Cola Company and other partner companies in more than 300 brands and flavors across 14 states and the District of Columbia to over 66 million consumers.

Company profile

Ticker

COKE

Exchange

NASDAQ

Website

www.cokeconsolidated.com

CEO

J. Frank Harrison

Incorporated

Delaware

Location

North Carolina

Fiscal year end

Dec 31

Sector

Manufacturing > Soft Drink Manufacturing

Industry (SIC)

Bottled & Canned Soft Drinks & Carbonated Waters

Monster Beverage • National Beverage • Zevia PBC • Celsius • Reeds • Primo Water • Rainmaker Worldwide • EQUATOR Beverage • China WuYi Mountain • Coca-Cola Europacific Partners ...

Former names

COCA COLA BOTTLING CO CONSOLIDATED /DE/

SEC CIK

0000317540

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

CCBCC, Inc. • CCBCC Operations, LLC • Chesapeake Treatment Company, LLC • Consolidated Beverage Co. • Consolidated Real Estate Group, LLC • Data Ventures, Inc. • Heath Oil Co., Inc. • TXN, Inc. • Tennessee Soft Drink Production Company • CCBC of Wilmington, Inc. ...

IRS number

560950585

COKE stock data

1M 1Y 5Y

News

From Benzinga Pro

Recap: Coca-Cola Consolidated Q2 Earnings

2 Aug 22

Coca-Cola Consolidated (NASDAQ:COKE) reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:10 PM. Here's what investors need to know about the announcement.

Earnings Scheduled For August 2, 2022

2 Aug 22

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14 Jul 22

Healthcare Trust Of America, Coca-Cola Consolidated To Join S&P MidCap 400, To Replace PS Business Parks, Healthcare Realty Trust; Green Brick Partners To Replace Coca-Cola In S&P SmallCap 600

13 Jul 22

Press releases

From Benzinga Pro

Coca-Cola Consolidated Reports Second Quarter and First Half 2022 Results

2 Aug 22

Second quarter of 2022 net sales increased 11% versus the second quarter of 2021, with physical case volume growth of 1.0%(a).Gross profit in the second quarter of 2022 was $551 million, an increase of 11% versus the

Coca-Cola Consolidated, Inc. To Release Second Quarter and First Half 2022 Results

19 Jul 22

CHARLOTTE, N.C., July 19, 2022 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) will issue a news release after the market closes on August 2, 2022 to announce its financial results for the second quarter

Coca-Cola Consolidated, Inc. Announces Third Quarter Dividend

15 Jul 22

CHARLOTTE, N.C., July 15, 2022 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ:COKE) announced that the Board of Directors has declared a dividend for the third quarter of 2022 of $0.25 per share on shares of

Healthcare Trust of America & Coca-Cola Consolidated Set to Join S&P MidCap 400; Green Brick Partners to Join S&P SmallCap 600

13 Jul 22

Calendar

2 Aug 22

19 Aug 22

31 Dec 22

Financial summary

Financial statements Chart COKE financial data

Quarter (USD)	Jul 22	Apr 22	Dec 21	Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

COKE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 Jan 22	Harrison J Frank Iii	Class B Common Stock Common Stock	Other	Acquire J	Yes	No	356.0900070906423	3,145.272	1.12M	390,620
11 Jan 22	Harrison J Frank Iii	Class B Common Stock Common Stock	Other	Dispose J	Yes	No	356.0739197125759	3,243.709	1.16M	390,620
1 Nov 21	Harrison J Frank Iii	Class B Common Stock Common Stock	Gift	Acquire G	Yes	No	0	32,327.321	0	390,620
1 Nov 21	Harrison J Frank Iii	Class B Common Stock Common Stock	Gift	Dispose G	Yes	No	0	32,189.822	0	390,620
22 Oct 21	Harrison J Frank Iii	Class B Common Stock Common Stock	Gift	Dispose G	Yes	No	0	194,333.45	0	390,620
20 Oct 21	Harrison J Frank Iii	Class B Common Stock Common Stock	Gift	Acquire G	Yes	No	0	390,620	0	390,620
20 Oct 21	Harrison J Frank Iii	Class B Common Stock Common Stock	Gift	Dispose G	No	No	0	390,620	0	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

COKE institutional ownership history Ownership history

77.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	268	263	+1.9%
Opened positions	38	38	–
Closed positions	33	41	-19.5%
Increased positions	77	88	-12.5%
Reduced positions	91	83	+9.6%

13F shares	Current	Prev Q	Change
Total value	2.87B	2.63B	+9.1%
Total shares	6.52M	6.64M	-1.8%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
KO Coca-Cola	2.48M	$647M	0.0%
BLK Blackrock	698.8K	$394.05M	-0.3%
Vanguard	586.68K	$330.83M	-1.0%
Harrison J Frank Iii	535.18K	$263.84M	0.0%
TROW T. Rowe Price	390.39K	$220.14M	+0.9%
Dimensional Fund Advisors	201.97K	$113.88M	-5.4%
STT State Street	155.67K	$87.78M	+1.9%
Diversified Trust	149.08K	$84.06M	+0.1%
Geode Capital Management	85.26K	$48.08M	+0.6%
JHG Janus Henderson	65.25K	$36.79M	+150.8%

Largest transactions	Shares	Bought/sold	Change
J.W. Cole Advisors	0	-136.63K	EXIT
JHG Janus Henderson	65.25K	+39.23K	+150.8%
Pacer Advisors	0	-29.68K	EXIT
Tributary Capital Management	35.78K	-27.81K	-43.7%
American Century Companies	46.48K	+27.2K	+141.1%
Parametric Portfolio Associates	0	-26.44K	EXIT
MS Morgan Stanley	58.26K	+24.75K	+73.9%
HighPoint Advisor	19.22K	+19.22K	NEW
GS Goldman Sachs	51.36K	+18.3K	+55.4%
Nuveen Asset Management	35.29K	+17.87K	+102.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

PepsiCo

Management Discussion

The Company’s results of operations for the second quarter of 2022 and the second quarter of 2021 are highlighted in the table below and discussed in the following paragraphs.
Net sales increased $162.1 million, or 11.3%, to $1.60 billion in the second quarter of 2022, as compared to $1.43 billion in the second quarter of 2021. The increase in net sales was primarily attributable to the following (in millions):
Inputs representing a substantial portion of the Company’s cost of sales include: (i) purchases of finished products, (ii) raw material costs, including aluminum cans, plastic bottles and sweetener, (iii) concentrate costs and (iv) manufacturing costs, including labor, overhead and warehouse costs. In addition, cost of sales includes shipping, handling and fuel costs related to the movement of finished products from manufacturing plants to distribution centers, amortization expense of distribution rights, distribution fees of certain products and marketing credits from brand companies. Raw material costs represent approximately 20% of total cost of sales on an annual basis.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: annuity, drove, educational, inflationary, lump, momentum, payout, personal, SEC, smartwater, solid, sum, transfer

Removed: commenced, improved

From filing 10-Q 2022 Q2

Financial reports

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