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Coca-Cola Co (KO.N)

KO.N on New York Stock Exchange

53.74USD
23 Aug 2019
Change (% chg)

$-0.75 (-1.38%)
Prev Close
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$54.60
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$53.40
Volume
4,907,264
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$54.82
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$44.25

Latest Key Developments (Source: Significant Developments)

Coca-Cola Updates Full Year Guidance
Tuesday, 23 Jul 2019 

July 23 (Reuters) - Coca-Cola Co ::COCA-COLA REPORTS CONTINUED MOMENTUM IN SECOND QUARTER; UPDATES FULL YEAR GUIDANCE.Q2 NON-GAAP EARNINGS PER SHARE $0.63.Q2 EARNINGS PER SHARE ESTIMATE $0.61 -- REFINITIV IBES DATA.Q2 EARNINGS PER SHARE $0.61.Q2 REVENUE $10 BILLION VERSUS REFINITIV IBES ESTIMATE OF $9.99 BILLION.QTRLY ORGANIC REVENUES (NON-GAAP) GREW 6%.QTRLY COMPARABLE EPS (NON-GAAP) GREW 4% TO $0.63, DESPITE A 9% CURRENCY HEADWIND.COCA-COLA - SEES 5% GROWTH IN ORGANIC REVENUES (NON-GAAP) IN 2019.SEES FY CAPITAL EXPENDITURES APPROXIMATELY $2.4 BILLION.SEES Q3 COMPARABLE NET REVENUES (NON-GAAP) 6% TAILWIND FROM ACQUISITIONS, DIVESTITURES AND STRUCTURAL ITEMS.SEES 11% TO 12% GROWTH IN COMPARABLE CURRENCY NEUTRAL OPERATING INCOME (NON-GAAP) IN FY.COCA-COLA - SEES 12% GROWTH IN COMPARABLE CURRENCY NEUTRAL NET REVENUES (NON-GAAP), INCLUDING A 7% TAILWIND FROM DEALS AND STRUCTURAL ITEMS IN 2019.NO CHANGE IN FULL YEAR 2019 ADJUSTED EPS GUIDANCE.SEES FY COMPARABLE OPERATING INCOME (NON-GAAP): 7% TO 8% CURRENCY HEADWIND BASED ON CURRENT RATES, INCLUDING IMPACT OF HEDGED POSITIONS.SEES Q3 COMPARABLE OPERATING INCOME (NON-GAAP) OF 6% CURRENCY HEADWIND BASED ON CURRENT RATES,INCLUDING IMPACT OF HEDGED POSITIONS.COCA-COLA - SEES 4% CURRENCY HEADWIND BASED ON CURRENT RATES AND INCLUDING IMPACT OF HEDGED POSITIONS TO COMPARABLE NET REVENUES (NON-GAAP) IN 2019.QTRLY UNIT CASE VOLUME GREW 3%, DRIVEN BY STRONG GROWTH IN DEVELOPING AND EMERGING MARKETS..  Full Article

Coca-Cola Sets Quarterly Dividend Of $0.40/Share
Thursday, 18 Jul 2019 

July 18 (Reuters) - Coca-Cola Co ::SETS QUARTERLY DIVIDEND OF $0.40PER SHARE.  Full Article

Coca-Cola India & South West Asia Names Harsh Bhutani As VP Finance
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Coca-Cola India & South West Asia::APPOINTS HARSH BHUTANI AS VICE PRESIDENT – FINANCE (CFO).SARVITA SETHI TAKES OVER AS VP– M&A AND NEW VENTURES FROM HER EARLIER ROLE OF VP FINANCE INDIA & SOUTH WEST ASIA.  Full Article

The Coca-Cola Company Names New Chief People Officer
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY NAMES NEW CHIEF PEOPLE OFFICER.COCA-COLA CO - LISA CHANG HAS BEEN NAMED CHIEF PEOPLE OFFICER.COCA-COLA CO - CHANG WILL JOIN COMPANY MARCH 1..COCA-COLA CO - LISA CHANG REPLACES JENNIFER MANN.  Full Article

Soros Fund Management Dissolves Share Stake In Coca-Cola and Procter And Gamble
Friday, 15 Feb 2019 

Feb 14 (Reuters) - Soros Fund Management::SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN COCA-COLA CO.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN PROCTER AND GAMBLE CO - SEC FILING.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 125,000 SHARES IN COLGATE-PALMOLIVE CO.SOROS FUND MANAGEMENT UPS SHARE STAKE IN HERSHEY CO BY 29.4 PERCENT TO 220,000 SHARES.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 590,000 SHARES IN PHILIP MORRIS INTERNATIONAL INC.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN CITIGROUP INC BY 21.2 PERCENT TO 182,867 SHARES.SOROS FUND MANAGEMENT MORE THAN DOUBLES SHARE STAKE IN MONDELEZ TO 1.3 MILLION CLASS A SHARES FROM 541,700 CLASS A SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN WELLS FARGO & CO BY 22.2 PERCENT TO 285,630 SHARES.SOROS FUND MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

James Quincey To Succeed Muhtar Kent As Chairman Of The Coca-Cola Company
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Coca-Cola Co ::JAMES QUINCEY TO SUCCEED MUHTAR KENT AS CHAIRMAN OF THE COCA-COLA COMPANY.SAM NUNN TO STEP DOWN AFTER 22 YEARS AS A DIRECTOR.BOARD ELECTS MARIA ELENA LAGOMASINO AS LEAD INDEPENDENT DIRECTOR TO SUCCEED NUNN.QUINCEY WILL BECOME CHAIRMAN FOLLOWING COMPANY'S ANNUAL MEETING IN APRIL 2019.KENT WILL REMAIN AS CO'S CHAIRMAN THROUGH 2019 ANNUAL MEETING.JAMES QUINCEY, WHO CURRENTLY SERVES AS COCA-COLA PRESIDENT AND CEO, IS EXPECTED TO BECOME CHAIRMAN AND CEO IN APRIL 2019.  Full Article

Nike, Inc. Names Craig A. Williams President Of Jordan Brand
Wednesday, 14 Nov 2018 

Nike Inc ::NIKE, INC. NAMES CRAIG A. WILLIAMS PRESIDENT OF JORDAN BRAND.NIKE INC - LARRY MILLER MOVES INTO NEW ROLE AS CHAIRMAN, JORDAN BRAND ADVISORY BOARD.NIKE INC - WILLIAMS JOINS JORDAN BRAND FROM COCA-COLA CO.NIKE INC - EFFECTIVE JAN. 14, 2019, CRAIG A. WILLIAMS WILL BECOME PRESIDENT OF JORDAN BRAND.  Full Article

Whitbread To Sell Costa To Coca-Cola For 3.9 Bln Stg
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Whitbread PLC ::PROPOSED SALE OF COSTA TO THE COCA-COLA COMPANY.SALE OF COSTA FOR AN ENTERPRISE VALUE OF £3.9 BILLION.SALE OF COSTA FOR AN ENTERPRISE VALUE OF £3.9 BILLION, REPRESENTING A MULTIPLE OF 16.4X COSTA FY18 EBITDA.RECOGNISES STRATEGIC VALUE OF COSTA'S BRAND STRENGTH, MULTI-CHANNEL PRESENCE AND INTERNATIONAL GROWTH POTENTIAL.TRANSACTION UNANIMOUSLY AGREED BY WHITBREAD BOARD TO BE IN BEST INTERESTS OF SHAREHOLDERS.NET CASH PROCEEDS EXPECTED TO BE APPROXIMATELY £3.8 BILLION AT COMPLETION, AFTER ADJUSTING FOR ESTIMATED TRANSACTION COSTS AND SEPARATION COSTS.WHITBREAD WILL ALSO REDUCE FINANCIAL INDEBTEDNESS.WHITBREAD WILL ALSO REDUCE FINANCIAL INDEBTEDNESS AND MAKE A CONTRIBUTION TO PENSION FUND.WILL BOTH PROVIDE HEADROOM FOR FURTHER EXPANSION OF PREMIER INN IN UK AND GERMANY.TRANSACTION IS CONDITIONAL UPON AGREEMENT BY WHITBREAD'S SHAREHOLDERS AND VARIOUS OTHER APPROVALS.SIGNIFICANT MAJORITY OF NET CASH PROCEEDS FROM DEAL INTENDED TO BE RETURNED TO SHAREHOLDERS.AS PART OF DEAL, DOMINIC PAUL WILL REMAIN AS COSTA MANAGING DIRECTOR AND WILL NO LONGER BE A MEMBER OF WHITBREAD EXECUTIVE COMMITTEE.EXPECTS TO REACH AGREEMENT WITH OTHER STAKEHOLDERS, SUCH AS PENSIONS TRUSTEES, IN RELATION TO EXTENT OF CONTRIBUTIONS TO PENSION DEFICIT.WHITBREAD AND COCA-COLA HAVE ALSO ENTERED INTO A TRANSITIONAL SERVICES AGREEMENT.WHITBREAD HAS AGREED TO PROVIDE VARIOUS SERVICES INCLUDING IT, PROCUREMENT AND HR SERVICES TO COCA-COLA FOR 12-24 MONTHS.  Full Article

Coca-Cola FEMSA Acquires Bottler In Uruguay
Friday, 29 Jun 2018 

June 28 (Reuters) - Coca-Cola Co ::COCA-COLA FEMSA ACQUIRES BOTTLER IN URUGUAY.COCA-COLA FEMSA SAB DE CV - ACQUIRES MONTEVIDEO REFRESCOS S.R.L. FROM COCA-COLA FOR ENTERPRISE VALUE OF $250.7 MILLION ON A CASH FREE AND DEBT FREE BASIS.COCA-COLA FEMSA SAB DE CV SAYS ACQUIRES MONTEVIDEO REFRESCOS S.R.L. FROM COCA-COLA IN AN ALL CASH TRANSACTION - SEC FILING.  Full Article

Coca-Cola Co updates currency outlook and reaffirms guidance
Wednesday, 13 Jun 2018 

June 13 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY UPDATES CURRENCY OUTLOOK AND REAFFIRMS GUIDANCE, INCLUDING EPS GROWTH TARGET (NON-GAAP), IN ADVANCE OF DEUTSCHE BANK GLOBAL CONSUMER CONFERENCE.COMPANY NOW EXPECTS CURRENCY HEADWIND TO Q2 COMPARABLE NET REVENUES (NON-GAAP) TO BE IN RANGE OF 0% TO 1%.EXPECTS FULL YEAR 2018 CURRENCY HEADWIND TO COMPARABLE NET REVENUES (NON-GAAP) TO BE IN RANGE OF 0% TO 1%.COMPANY REAFFIRMED ITS REMAINING, PREVIOUSLY ANNOUNCED FULL YEAR 2018 EXPECTATIONS.EXPECTS THE CURRENCY HEADWIND ON SECOND QUARTER COMPARABLE OPERATING INCOME (NON-GAAP) TO BE APPROXIMATELY 2%.EXPECTS THE FULL YEAR 2018 CURRENCY HEADWIND ON COMPARABLE OPERATING INCOME (NON-GAAP) TO BE IN THE RANGE OF 2% TO 3%.NOT ABLE TO RECONCILE FULL YEAR 2018 PROJECTED ORGANIC REVENUES (NON-GAAP) TO FULL YEAR 2018 PROJECTED REPORTED NET REVENUES.  Full Article

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Coca-Cola HBC profit falls short on costs, tough European market

Swiss-based soft drink bottler Coca-Cola HBC's first-half operating profit missed analyst expectations on Thursday, dragged down by higher costs, sluggish growth in its established markets and an unseasonable cool start to the European summer.