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.
The Coca-Cola Company has partnered with The Ocean Cleanup as a Global Implementation Partner for a river project aimed at combating plastic pollution. The initiative will deploy cleanup systems across 15 rivers over the next 18 months, utilizing the solar-powered Interceptor™ technology. This collaboration focuses on intercepting waste to prevent it from entering oceans, with an overall objective of enhancing recycling efforts globally. Coca-Cola aims to contribute significantly to a circular economy and has set ambitious sustainability goals for its packaging and waste management.
The Coca-Cola Company (NYSE: KO) announced its participation in three key conferences in June. Chairman and CEO James Quincey and Chief Communications Officer Bea Perez will present at the Bernstein Strategic Decisions Conference on June 2, while Perez will also speak at the Goldman Sachs Global Consumer ESG Conference on June 7. Additionally, CFO John Murphy and CMO Manolo Arroyo are scheduled to address the dbAccess Global Consumer Conference on June 9. Investors can access webcasts of these events and find transcripts on the company’s investor relations website.
The Coca-Cola Company (NYSE: KO) has announced the expiration and results of its cash purchase offers for all outstanding U.S. dollar-denominated and Euro-denominated notes. The offers ended on May 5, 2021, with settlements expected on May 6 and May 7, 2021, respectively. A total of $1.73 billion in Dollar Notes and €930 million in Euro Notes were validly tendered. Each holder will receive specified cash consideration plus accrued interest for their validly tendered notes. The company retained several dealers for the transaction, emphasizing its commitment to managing its debt responsibly.
The Coca-Cola Company (NYSE: KO) has announced the pricing of offers to purchase any outstanding U.S. dollar-denominated and Euro-denominated notes. These offers, detailed in the Offer to Purchase dated April 28, 2021, include various series of notes with significant principal amounts, including $1 billion in 2.950% Notes due 2025 and $1.75 billion in 2.875% Notes due 2025. The total consideration for the Dollar Notes ranges from $1,083.96 to $1,085.22, based on reference yields and fixed spreads. The Offers aim to manage the Company's debt effectively.
The Coca-Cola Company has appointed Saadia Madsbjerg as Vice President of Global Community Affairs and President of The Coca-Cola Foundation, effective June 1. Madsbjerg, a former managing director at The Rockefeller Foundation, will oversee the Foundation's philanthropic operations and grant-making activities. She has a background in corporate strategy and sustainable investing. Bea Perez, Chief Communications Officer, expressed enthusiasm about Madsbjerg's extensive experience in addressing global challenges. The Coca-Cola Foundation has awarded over $1 billion in grants since its inception in 1984.
The Coca-Cola Company (NYSE: KO) announced cash offers to purchase all outstanding U.S. dollar and Euro-denominated notes. As of April 28, 2021, about $4.25 billion in Dollar Notes and €2.2 billion in Euro Notes are outstanding. The offers, which began on April 28, 2021, will expire on May 5, 2021. The funds for the purchases will be sourced from new note offerings and cash on hand. Accepted notes will be retired and canceled. Holders may receive priority in new Euro notes allocations if they participate in the offers.
The Coca-Cola Company elected Monica Howard Douglas as the new senior vice president and general counsel. Douglas, a 17-year veteran of the company, previously served as chief compliance officer and will oversee the global legal function, reporting to CEO James Quincey. The board also appointed Jeffrey Gilbert as vice president and Chief Security Officer and Lucy Reid as vice president of Strategic Ingredient Supply. Additionally, Coca-Cola declared a quarterly dividend of 42 cents per share, marking a 2.4% increase from the previous quarter.
The Coca-Cola Company announced the appointment of Bradley Gayton as a strategic consultant, effective immediately. In this role, he will collaborate with Chairman and CEO James Quincey to advance key objectives. Gayton, previously senior vice president and global general counsel, is credited with driving innovation and diversity initiatives since joining Coca-Cola from Ford Motor Company. His successor will be named later. Quincey highlighted Gayton's strategic leadership, affirming confidence in his continued contributions to the company.
The Coca-Cola Company reported Q1 2021 results, revealing a 5% growth in net revenues to $9.0 billion, driven by a 5% increase in concentrate sales. Operating margin improved to 30.2%, up from 27.7%, attributed to effective cost management, though currency fluctuations presented headwinds. EPS decreased 19% to $0.52, while comparable EPS grew 8%. Cash from operations rose to $1.6 billion. The company is launching several new products, including smartwater®+ and Coca-Cola® with Coffee, to capitalize on market recovery.
The Coca-Cola Company and Coca-Cola Beverages Africa (CCBA) announced plans for CCBA to become a publicly traded company through an initial public offering (IPO), expected within the next 18 months. The IPO aims to allow CCBA to operate independently as an Africa-focused business, with shares listed primarily in Amsterdam and Johannesburg. This move is part of Coca-Cola's strategy to focus on innovation and brand development, reinforcing its commitment to the African market, which it sees as a key growth area.
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