Refresh Your Portfolios with Coca-Cola Consolidated Stock

• Coca-Cola Consolidated (COKE) demonstrates strong technical momentum.
• Shares are up nearly 60% over the past year.
• COKE maintains a 100% “Buy” technical opinion from Barchart.
• Forward estimates call for 16.68% revenue and 19.05% earnings growth this year, with further double-digit gains expected next year.

Today’s Featured Stock

Valued at $13.1 billion, Coca-Cola Consolidated (COKE), together with its subsidiaries, manufactures, markets, and distributes nonalcoholic beverages. 

What I’m Watching

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. COKE checks those boxes. The Trend Seeker issued a new “Buy” signal on Oct. 12.

Barchart’s Technical Indicators for Coca-Cola Consolidated

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

• Coca-Cola has a Weighted Alpha of 41.20.
• COKE has a 100% “Buy” opinion from Barchart.
• The stock has gained 57.56% over the past 52 weeks.
• Coca-Cola has its Trend Seeker “Buy” signal intact.
• The stock recently traded at $196.76 with a 50-day moving average of $191.51.
• COKE had 3 highs and gained 2.05% in the last month.
• 60-month beta of 0.55
• Relative Strength Index (RSI) is at 56.32.
• There’s a technical support level around $193.91.

Don’t Forget the Fundamentals

• $13.1 billion market capitalization.
• 22.33x trailing price-earnings ratio.
• Dividend yield of 0.51%.
• Revenue is expected to grow 16.68% this year and another 12.35% next year.
• Earnings are estimated to increase by 19.05% this year and an additional 12.50% next year.

Analyst and Investor Sentiment on Coca-Cola Consolidated

• Value Line rates the stock “Above Average” with price targets from $255 to $386.
• Morningstar thinks the stock is 7% overvalued.
• CFRA’s MarketScope rates the stock as “Hold.”
• 43,110 investors are following the stock on Seeking Alpha, which rates it as a “Hold.”
• Short interest is 4.22% of the float with 6.52 days to cover the float.

The Bottom Line on Coca-Cola Consolidated

If you are looking for a company with a long string of increases in both revenue and earnings, you found it here.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio, it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.

On the date of publication, Jim Van Meerten had a position in: COKE . All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.