Core Viewpoint - The individual investor adopts a contrarian investment style, focusing on stocks that have recently experienced sell-offs due to non-recurrent events, particularly when insiders are buying shares at lower prices [1] Group 1: Investment Strategy - The investment portfolio is split approximately 50%-50% between shares and call options, indicating a balanced approach to risk and return [1] - The investor's timeframe for holding positions typically ranges from 3 to 24 months, suggesting a medium-term investment horizon [1] - Fundamental analysis is employed to assess the health of companies, including their leverage and financial ratios compared to sector and industry averages [1] Group 2: Stock Selection Criteria - The investor screens thousands of stocks, primarily in the US, looking for those that have undergone recent sell-offs [1] - A key criterion for stock selection is insider buying at lower prices following a sell-off, which may indicate confidence in the company's future [1] - Professional background checks are conducted on insiders who purchase shares post-sell-off to ensure credibility and alignment with shareholder interests [1] Group 3: Technical Analysis - Technical analysis is utilized to optimize entry and exit points for positions, with a focus on support and resistance levels on weekly charts [1] - Multicolor lines are used for visualizing support and resistance, along with trend lines to identify potential price movements [1]

Core Points - Coca-Cola Consolidated, Inc. has increased its quarterly dividend to $2.50 per share, up from $0.50 per share, effective November 8, 2024, for stockholders of record as of October 25, 2024 [1] - The Board of Directors has approved a $1.0 billion share repurchase program for the Company's Common Stock, with management having discretion over the timing and amount of repurchases [2] - The Chairman and CEO, J. Frank Harrison, III, stated that the company's improved profitability and strengthened balance sheet enable reinvestment in the business and support the increased dividend and share repurchase program, reflecting a commitment to return cash to stockholders [3] Company Overview - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia with a broad portfolio of beverages [4] - The company is headquartered in Charlotte, N.C., and is traded on The Nasdaq Global Select Market under the symbol "COKE" [5]

Exhibit 99.1 | --- | --- | --- | --- | --- | --- | --- | |------------------------------------|-----------------|------------------|--------|----------------|-------------|--------| | Beverage Sales \n(in millions) | Second \n2024 | Quarter \n2023 | Change | First \n2024 | Half \n2023 | Change | | Sparkling bottle/can | $1,048.9 | $1,004.4 | 4.4% | $1,996.4 | $1,918.7 | 4.0% | | Still bottle/can | $597.5 | $573.6 | 4.2% | $1,108.4 | $1,082.9 | 2.4% | News Release Coca-Cola Consolidated Reports Second Quarte ...

CHARLOTTE, N.C., July 17, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) will issue a news release after the market closes on July 31, 2024 to announce its operating results for the second quarter ended June 28, 2024 and the first half of fiscal year 2024. About Coca-Cola Consolidated, Inc. Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Our Purpose is to honor God in all we do, to serve others, to pursue excellence and to grow profitably. For over 122 yea ...

Core Points - Coca-Cola Consolidated, Inc. will release its operating results for Q2 and the first half of fiscal year 2024 on July 31, 2024, after market close [1] Company Overview - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia [2] - The company has been committed to its purpose for over 122 years, focusing on serving consumers, customers, and communities while pursuing excellence and profitable growth [2] - Coca-Cola Consolidated offers a broad portfolio of beverages and services, distributing products from The Coca-Cola Company and other partner companies across more than 300 brands and flavors [2][3]

Core Viewpoint - Coca-Cola Consolidated, Inc. has declared a third-quarter dividend of $0.50 per share for 2024, payable on August 9, 2024, to shareholders of record as of July 26, 2024 [1] Company Overview - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, committed to serving consumers, customers, and communities for over 122 years [2] - The company offers a broad portfolio of beverages and services, distributing over 300 brands and flavors across 14 states and the District of Columbia to approximately 60 million consumers [2] - The company is headquartered in Charlotte, N.C., and is traded on The Nasdaq Global Select Market under the symbol "COKE" [3]

CHARLOTTE, N.C., July 12, 2024 (GLOBE NEWSWIRE) -- Coca-Cola Consolidated, Inc. (NASDAQ: COKE) announced that the Board of Directors has declared a dividend for the third quarter of 2024 of $0.50 per share on shares of the Company's Common Stock and Class B Common Stock payable on August 9, 2024 to shareholders of record as of the close of business on July 26, 2024. CONTACTS: Ashley Brown (Media) Scott Anthony (Investors) Director, External Communications Executive Vice President & Chief Financial Officer ( ...

Core Viewpoint - Coca-Cola Consolidated, Inc. has successfully completed a modified "Dutch auction" tender offer, purchasing a total of 14,391.5 shares of its Common Stock at a price of $925 per share, amounting to approximately $13.3 million [7][8]. Group 1: Tender Offer Details - The tender offer expired on June 18, 2024, at 5:00 p.m. New York City time [7]. - The company accepted all validly tendered shares, which represent about 0.2% of the outstanding shares as of the expiration date [8]. - Following the tender offer, the company plans to repurchase an additional 598,619 shares from Carolina Coca-Cola Bottling Investments, Inc. for approximately $553.7 million, which will result in CCCBI owning 21.5% of the company's outstanding shares [2]. Group 2: Future Share Repurchase Plans - The company may consider purchasing additional shares in the open market or through private transactions after July 5, 2024, depending on market conditions and other factors [9]. - The decision to repurchase shares in the future will be influenced by the market price of shares, the company's financial condition, and general economic conditions [9]. Group 3: Company Overview - Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia [5]. - The company has been committed to its purpose of honoring God, serving others, pursuing excellence, and growing profitably for over 122 years [5].

Core Viewpoint - The Company has successfully completed a modified "Dutch auction" tender offer, purchasing a total of 14,391.5 shares of its Common Stock at a price of $925 per share, amounting to approximately $13.3 million [5][10]. Group 1: Tender Offer Details - The Company accepted all validly tendered shares in the tender offer, which represent about 0.2% of the total issued and outstanding shares as of June 18, 2024 [1][10]. - Following the tender offer, the Company plans to purchase additional shares from Carolina Coca-Cola Bottling Investments, Inc. (CCCBI) to ensure CCCBI owns 21.5% of the Company's outstanding shares post-repurchase, with an expected purchase of 598,619 shares for approximately $553.7 million [2]. Group 2: Future Share Repurchase Plans - The closing of the Share Repurchase from CCCBI is anticipated to occur on July 5, 2024, contingent upon the satisfaction or waiver of closing conditions [2]. - The Company may consider additional share repurchases in the future, depending on market conditions and other financial factors, but is restricted from repurchasing shares until July 5, 2024 [11]. Group 3: Company Overview - Coca-Cola Consolidated, Inc. is the largest Coca-Cola bottler in the United States, serving approximately 60 million consumers across 14 states and the District of Columbia with a diverse portfolio of beverages [8].

Core Viewpoint - Coca-Cola Consolidated has experienced significant stock performance over the past decade, with shares increasing by over 1,100%, outperforming the S&P 500's 184% return [1] Group 1: Historical Performance - The substantial gains for Coca-Cola Consolidated were largely due to a special situation involving acquisitions of distribution regions and manufacturing facilities from 2013 to 2017, which drove top-line growth [2] - The company's diluted earnings per share (EPS) have increased by more than 1,500% over the last 10 years, although this level of growth is atypical for a low-growth, low-margin business [3][4] Group 2: Current Financial Strategy - In 2023, Coca-Cola Consolidated's net sales increased by only 7% year over year, and its diluted EPS saw a modest decline, indicating that organic growth may be challenging in the future [4] - The company announced a stock buyback plan worth $3.1 billion, intending to repurchase approximately one-third of its shares, which is significant given its market capitalization of nearly $9 billion [5][6] Group 3: Shareholder Impact - The stock buyback plan is expected to benefit shareholders by increasing EPS, as fewer shares outstanding can lead to a higher stock price [6][7] - The company plans to optimize its balance sheet by raising a prudent amount of debt to fund the buyback, indicating a strong financial position [8] Group 4: Long-term Considerations - While using debt for share repurchases has been successful for other companies, there are concerns about the long-term implications for Coca-Cola Consolidated's balance sheet, especially after recently achieving a cash position greater than debt for the first time in 40 years [9][10] - The company possesses competitive advantages through its distribution rights for popular beverages, but finding growth may be difficult, raising questions about the stock's valuation at nearly 20 times earnings for a low-growth opportunity [11][12]