Momentum Stocks to Buy: Coca-Cola (COKE)
Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) is the largest independent Coca-Cola bottler in the U.S. Basically, COKE is a regional spinoff of The Coca-Cola Co (NYSE:KO). KO has a number of bottlers around the world who also distribute soft drinks of other partner companies as well. In COKE’s case, about 90% of its revenue comes from Coke-branded products.
COKE operates in 16 states, predominantly in the Southeast and Midwest U.S. In those states, it has 12 manufacturing facilities and 86 distribution warehouses.
While KO may have struggles on the global front, COKE is more focused play on the regional U.S. market. And regardless of its brand mix — soft drinks or water or health drinks — COKE is responsive to increasing summertime demand.
With KO’s current restructuring issues, COKE is a smart alternative with far fewer variables, like currency exchange issues, etc. Up nearly 30% year-to-date, this hot summer in the East and Midwest is perfect for COKE.