The terminal point doesn't necessarily have to apply for the company, or even the financial asset based on the company.
There is an simple model in finance [1] that collapses an infinitely growing stream of cash flows into a finite present value. So to your example of coca-cola, even if you assume they will exist and distribute growing profits forever, you can still find a terminal value.
[1]: https://corporatefinanceinstitute.com/resources/knowledge/va...
Coca-Cola has no reason to "terminate" itself, so why shouldn't it distribute profit excess to its operating requirements back to shareholders?