Welcome to our dedicated page for Coca-Cola Company news (Ticker: KO), a resource for investors and traders seeking the latest updates and insights on Coca-Cola Company stock.
The Coca-Cola Company (NYSE: KO) is a global leader in the beverage industry, founded in 1886 and headquartered in Atlanta, Georgia. Known worldwide for its flagship product, Coca-Cola, the company also offers an extensive portfolio of over 200 brands. These include carbonated soft drinks, water, sports and energy drinks, juice, and coffee. Iconic brands under its belt include Sprite, Fanta, Powerade, Dasani, and Minute Maid.
Operations and Reach: Coca-Cola operates in more than 200 countries, selling its products through a comprehensive network of bottlers and distributors. The company generates around two-thirds of its total revenue from overseas markets, particularly in emerging economies across Latin America and the Asia-Pacific region.
Recent Achievements and Campaigns:
- Sprite's “Obey Your Thirst” Campaign: Sprite has revived its iconic 'Obey Your Thirst' campaign, featuring star athletes like Anthony Edwards and Sha'Carri Richardson to engage a new generation of consumers. The campaign includes limited-edition packaging, digital experiences, and sports partnerships.
- Fanta’s “Wanta Fanta” Campaign: Fanta has reintroduced its popular 'Wanta Fanta' platform, aiming to connect with younger audiences through nostalgic tunes and a mix of engaging digital content. This includes participation from TikTok creators and out-of-home creative marketing.
Corporate Responsibility: Coca-Cola is committed to making a positive impact on communities and the environment. The company focuses on water replenishment, packaging recycling, sustainable sourcing, and reducing carbon emissions. Together with its bottling partners, Coca-Cola employs over 700,000 people globally, contributing significantly to local economies.
To stay updated on The Coca-Cola Company's latest news and developments, visit www.coca-colacompany.com.
Oragin Foods Inc. has appointed Matthew Merson to its Advisory Board to enhance its Consumer Packaged Goods (CPG) division, including the plant-based dairy brand Future of Cheese. Merson, with over 30 years in the food and beverage sector, has previously led initiatives resulting in over $4 Billion in mergers and acquisitions. His experience is expected to support Oragin's expansion into the U.S. and international markets. The company is focusing on rapid growth in the CPG sector, particularly within plant-based dairy.
The Coca-Cola Company (NYSE: KO) has announced the suspension of its business operations in Russia due to ongoing geopolitical tensions affecting Ukraine. The decision reflects the company's stance in response to tragic circumstances faced by the Ukrainian people. Coca-Cola will continue to monitor the situation closely as events evolve. This development signals a significant strategic shift for the company, impacting its global operations and market presence.
The Coca-Cola Company (NYSE: KO) announced that Bobby Kotick will not seek reelection to its board of directors, having served for a decade. This decision allows him to concentrate fully on Activision Blizzard amid its merger preparations with Microsoft. CEO James Quincey expressed appreciation for Kotick's contributions while wishing him success in his future endeavors.
Coca-Cola has launched its global innovation platform, Coca-Cola Creations, featuring the first limited-edition product, Coca-Cola Starlight. This new product blends classic Coca-Cola taste with unique flavors reminiscent of space exploration. Available from Feb. 21 in North America, it aims to connect with younger audiences through exciting experiences and digital marketing campaigns, including a partnership with popstar Ava Max. The initiative reflects Coca-Cola's commitment to innovation and cultural engagement, paving the way for future limited-edition releases.
The Coca-Cola Company (NYSE:KO) has announced its 60th consecutive annual dividend increase, lifting the quarterly dividend from 42 cents to 44 cents per share, marking a 5% rise. This increase translates to an annual dividend of $1.76, up from $1.68 in 2021. Shareholders will receive the first quarter dividend on April 1, 2022. Additionally, Coca-Cola plans to resume share repurchases in 2022, estimating approximately $500 million in net repurchases, under current authorizations for about 160 million shares.
The Coca-Cola Company reported strong fourth quarter and full-year results for 2021, with net revenues increasing 10% for the quarter and 17% for the year, reaching $38.7 billion. Organic revenues rose 9% and 16%, respectively. However, operating income declined 28% in Q4 due to increased marketing investments. EPS grew 65% to $0.56 for Q4, while full-year EPS rose 26% to $2.25. The company invested $1.4 billion in capital expenditures and acquired BODYARMOR for $5.6 billion. Cash flow from operations reached $12.6 billion, up 28%.
Molson Coors Beverage Company (NYSE: TAP) has expanded its agreement with The Coca-Cola Company (NYSE: KO) to launch Simply Spiked Lemonade this summer, following the success of Topo Chico Hard Seltzer. The new product line will include a variety pack inspired by Simply's best-selling non-alcoholic flavors. As Simply is a $1 billion+ brand found in 50% of U.S. households, this collaboration aims to disrupt the full-flavor alcohol market. This initiative supports Molson Coors' strategy to enhance its premium portfolio.
The Coca-Cola Company (NYSE: KO) will release its fourth quarter and full year 2021 financial results on February 10 before the NYSE opens. An investor conference call will follow at 8:30 a.m. ET. Additionally, CEO James Quincey and CFO John Murphy are set to present at the Consumer Analyst Group of New York (CAGNY) Virtual Conference on February 22 at 1:50 p.m. ET. Investors can access a webcast of the call and presentations via the company’s investor relations website.
The Coca-Cola Company (NYSE: KO) announced the election of Herbert A. Allen III as a director, effective December 17. Allen, president of Allen & Co. for nearly two decades, has substantial experience in financial advisory and investment banking. He is the son of former director Herbert A. Allen Jr., who retired after 39 years. The board now has 12 directors, and Allen will seek reelection at the annual meeting in April 2022. James Quincey, Chairman and CEO, stated that Allen's expertise will enhance the board's knowledge base and perspective.
The Coca-Cola Company (NYSE: KO) has announced that Chairman and CEO James Quincey will participate in the Redburn CEO Conference on December 1 at 11 a.m. ET. Investors can join the webcast of the event at www.coca-colacompany.com/investors. A downloadable file and transcript will be available within 24 hours after the event.
The Coca-Cola Company operates globally, focusing on refreshing beverages and sustainability.
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