The High Revenue Low Float Case Of Coca-Cola Consolidated

Sep 16

COKE recently seemed to have a double bottom form in Coca-Cola Consolidated Stock, Where a recovery seems possible after having a small pullback in share price. COKE Recently a lot of debt was added onto the balance sheet due to the buyback programs initiated by the management like ("$1 billion share repurchase program for its common stock.") "(Aug 20, 2024)" The Valuation seems interesting at its 22.4x PE Ratio, and its Price to Sales 1.7x, and its 9.5x Price to book Ratio. It will for sure be interesting to see how the stock performs as time goes on!
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Balance Sheet:
Cash: US1.90b
Debt: US1.79b
Total Liabilities: US4.46b
Total Assets: US5.66b
Debt to Equity Ratio: 149.4%
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Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Coca-Cola Consolidated) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may be different for each investor and trader. Please do not make opinions based on this or any idea. Please be careful!
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