COKE Stock Summary and Trading Ideas (Coca-Cola Consolidated | NASDAQ:COKE)

Coca-Cola Consolidated Inc sells nonalcoholic beverage products in the United States. The company purchases concentrate and syrups from other beverage manufacturers under a license, then produces, packages, markets, and distributes the beverages to retailers. The company's primary licensor is Coca-Cola Co., which generally allows it to exclusively market, produce, and distribute Coca-Cola products in specified parts of the U.S.: North Carolina, South Carolina, West Virginia, and parts of Alabama, Georgia, Tennessee, Virginia, Indiana, and Kentucky. The company manages its business in two operating segments. Nonalcoholic Beverages segment which represents the majority of the company's revenues and All Other segments.

Coca-Cola Consolidated trades on the NASDAQ stock market under the symbol COKE.

As of April 24, 2024, COKE stock price climbed to $842.49 with 40,982 million shares trading.

COKE has a beta of 0.28, meaning it tends to be less sensitive to market movements. COKE has a correlation of 0.01 to the broad based SPY ETF.

COKE has a market cap of $7.90 billion. This is considered a Mid Cap stock.

In the last 3 years, COKE stock traded as high as $961.91 and as low as $281.01.

The top ETF exchange traded funds that COKE belongs to (by Net Assets): VTI, IJH, VB, IWM, VBK.

COKE has outperformed the market in the last year with a price return of +56.1% while the SPY ETF gained +24.2%. However, in the short term, COKE had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.6% vs +4.6% return in SPY. But in the last 2 weeks, COKE shares have fared better than the market returning +0.8% compared to SPY -2.7%.

COKE support price is $818.46 and resistance is $843.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COKE stock will trade within this expected range on the day.