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 (NYSE: KO) has announced the expiration and results of its cash offers to purchase outstanding U.S. dollar and Euro-denominated notes. The Offers, which expired on March 5, 2021, saw $751.1 million in Dollar Notes and €631.7 million in Euro Notes tendered. Initial settlement for Dollar Notes is expected on March 8, 2021, and for Euro Notes on March 10, 2021. The company expects to accept all validly tendered Notes, with total consideration payable in cash. Holders will also receive accrued interest from the last payment dates prior to the settlement.
The Coca-Cola Company (NYSE: KO) has announced the pricing of its cash Offers to purchase all outstanding U.S. and Euro-denominated notes. The Offers include significant Dollar Notes totaling $2.25 billion and Euro Notes worth €1.5 billion. The Offers will expire at 5:00 p.m. on March 5, 2021. The Total Consideration for the Dollar Notes ranges from $1,045.82 to $1,074.81 per $1,000 principal, while the Euro Notes are priced at €1,027.10 per €1,000 principal. Accrued interest will be paid alongside the Total Consideration. Details can be accessed via the Offer Website.
The Coca-Cola Company (KO) announced cash offers to purchase all outstanding U.S. dollar and Euro-denominated notes totaling approximately $2.25 billion and €1.5 billion, respectively. The offers will expire on March 5, 2021, and are part of concurrent new note offerings. The total consideration will reflect yields based on prevailing rates and fixed spreads. Payments for accepted notes will be processed after the expiration date, with initial settlements expected by March 8 and March 10 for Dollar and Euro Notes, respectively.
The Coca-Cola Company has announced a 2.4% increase in its quarterly dividend, raising it from 41 cents to 42 cents per share. This marks the company's 59th consecutive annual dividend increase. The annual dividend now stands at $1.68 per share, up from $1.64 in 2020. Shareholders will receive the first quarter dividend on April 1 for those on record by March 15. Coca-Cola returned $7 billion in dividends to shareholders in 2020, totaling $61.9 billion since 2010.
McDonald's is set to reintroduce the beloved Hi-C Orange Lavaburst to its menu nationwide this summer, following numerous requests from fans since its removal in 2017. The drink will first appear in select locations this month. Customers can track its availability via the Hi-C Orange tracker. This non-carbonated beverage, originally launched in 1955, will complement the existing Fanta Orange drink. McDonald's cited strong consumer demand through social media and petitions as a major factor in the decision to bring back this fan favorite.
The Coca-Cola Company reported Q4 and full-year 2020 results showing a 5% decline in net revenues to $8.6 billion for Q4 and an 11% decline to $33.0 billion for the year. Operating margins improved, with Q4 margins at 27.2% compared to 23.9% the previous year, driven by cost management. EPS fell 29% to $0.34 for Q4, while comparable EPS rose 6% to $0.47. The company anticipates challenges in the near term due to the pandemic but aims for recovery and growth in 2021, reinstating guidance. Additionally, a tax reserve of $438 million was recorded amid ongoing IRS litigation.
The Coca-Cola Company has unveiled a new 13.2oz bottle made from 100% recycled plastic (rPET), starting its launch in select U.S. states including Florida and California. This initiative, part of the company's move towards sustainability, aims to reduce new plastic usage by over 20% by 2022 compared to 2018 levels. Alongside Coca-Cola, brands like DASANI and smartwater will also transition to 100% rPET bottles. This change is expected to decrease greenhouse gas emissions by 10,000 metric tons annually, equivalent to removing over 2,100 cars from the road.
The Coca-Cola Company (NYSE: KO) will release its fourth quarter and full year 2020 financial results on Feb. 10, 2021, before the NYSE opens. Following this, an investor conference call will take place at 8:30 a.m. ET. Furthermore, Chairman and CEO James Quincey along with CFO John Murphy will present at the Consumer Analyst Group of New York (CAGNY) Virtual Conference on Feb. 19, 2021, at 10:40 a.m. ET. Both the earnings webcast and CAGNY presentation can be accessed on Coca-Cola's investor website.
The Coca-Cola Company announced the appointment of J. Michael Luttig as a counselor and special advisor to the company and its board of directors, effective January 6. Luttig will focus on advising the company regarding ongoing tax litigation with the U.S. Internal Revenue Service, where Coca-Cola intends to defend its position vigorously. Judge Luttig, a former U.S. federal judge and general counsel for Boeing, emphasized the unfairness of retroactive tax increases being imposed on the company, which had previously adhered to IRS-approved methodologies for calculating taxes.
The Coca-Cola Company announced that Executive Vice President and CFO John Murphy will speak at the Morgan Stanley Global Consumer & Retail Conference on December 3 at 2 p.m. ET. Investors can join a webcast of the event at www.coca-colacompany.com/investors. A transcript and downloadable file will be available within 24 hours post-event. Coca-Cola operates globally with a diverse beverage portfolio, focusing on sustainability and community impact.
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