1. 'lower revenue/profit per case from a mix shift to take-home volume from away from home'
2. 'greater topline/margin risk from Coke's primarily store-based Costa acquisition, which is a MSD% of sales mix'
3. 'KO's bottling partners could potentially be stressed by COVID-19 disruption, which may require greater KO support'
4. 'KO's debt leverage of 2.7x2019 net debt/EBITDA is above its mega-cap peers' (PEP/PG/CL) average of 1.5x, limiting KO's ability to drive shareholder value through its balance sheet vs peer.'