Company
The Coca-Cola Company
NYSE:KO
The Coca-Cola Company is a beverage company. The company's segments include Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Global Ventures and Bottling Investments. It owns or licenses and markets various beverage brands, which are grouped into categories, such as Coca-Cola; sparkling flavors; water, sports, coffee and tea; juice, dairy and plant-based beverages; and emerging beverages.
135 stories · page 1 of 2
Archive
Dow, S&P 500 notch new records but Nasdaq dragged down by Oracle
Investors are mulling the previous day's Federal Reserve announcements and Oracle's disappointing earnings
Coca-Cola HBC raises full-year profit guidance
"So far we have seen limited evidence of changing consumer behaviour, but are alert to this possibility and can adapt quickly if needed,” said CEO Zoran Bogdanovic
US stocks march ahead for third day in a row
At the close the Dow Jones Industrial Average was up 338 points at 31,837, the S&P 500 advanced 62 points to 3,859 and the Nasdaq Composite rose 247 points to 11,199.
Coca-Cola HBC reports 'strong volumes' and remains confident
The bottling company continues to prioritise investment across the world to drive growth despite the gloomy economy
Coca-Cola acquires 'super-premium' mixer company for €45mln
ESM owns a premium mixer product line under the Three Cents brand, making beverages free of preservatives or artificial colourings
Coca-Cola hikes full-year sales outlook as soda demand remains strong
The global beverages giant said its worldwide sales volume increased 8% in the second quarter, lifted by growth in both developed and emerging markets
Coca-Cola sees profits increase in 1Q, beating analyst expectations
The company posted net revenues of US$10.5 billion for 1Q 2022, exceeding analyst estimates of $9.8 billion
Coca-Cola HBC commits to net zero emissions by 2040
The soft drinks group will invest €250mln in emissions reduction initiatives by 2025 and switch to 100% renewable electricity and low carbon energy sources
Coca-Cola HBC snaps up Egyptian bottler to expand Africa footprint
The drinks bottling group said the US$427mln deal will provide access to the continent's second-largest market for non-alcoholic ready to drink beverages
Coca-Cola named most common brand in UK seaside pollution
Two-thirds of the UK's plastic and packaging pollution can be traced back to just 12 companies, according to a study
US stocks finish in positive territory thanks to strong earnings
Results from the likes of Under Armour and Simon Property Group beat analyst expectations
Coca-Cola ups guidance after strong second quarter
The company, last year ranked as the world’s top plastic polluter, said earnings per share jumped 48% to $0.61
Archive
US stocks close mixed session as investors await Fed guidance on interest rates and inflation
Despite declines, the market was supported by megacap tech stocks such as Apple and Google-parent Alphabet
Archive
Smurfit Kappa to roll out finals on Wednesday, earnings from Coca-Cola, GM and Uber eyed from US
Other firms in the UK calendar for mid-week include Dunelm, Redrow and Lancashire Holdings
Coca-Cola shares rise despite 2Q demand hit as coronavirus closures begin to reverse
The company makes a big chunk of its money from selling its soft drinks to restaurants, movie theaters and others, many of which had to close during the pandemic
Coca-Cola sees coronavirus impact in Q1; boosts dividend to $0.41 per share
China, where the virus originated in the city of Wuhan, is Coca-Cola’s third-largest market
Coca-Cola shares fizz higher as 4Q sales beat analyst expectations
Consumption of soda has fallen in the US so the group has been forced to create healthier options and branch out into new categories
Coca-Cola's 3Q revenue tops estimates, pushing up shares in pre-market trading
The company noted that more customers are being drawn in by healthier options, like Zero Sugar soda and smaller size cans
How de-equitisation could be both a good and bad thing for investors
A lack of new listings on the London market coupled with some large-scale collapses, acquisitions and share buybacks have led to the pool of equities looking more like a puddle
IPO Roundup: Avantor, Bricktown Brewery and Fastly among this week’s hot IPOs
Over half a dozen IPOs are expected to price, including two pharmaceutical firms, an American comfort food chain, and a Chinese challenger to Starbucks
LATE MOVERS: Proctor & Gamble slips amid thinning margins; Hormel stock sours after two analyst downgrades
Also moving Tuesday were Proctor & Gamble, Twitter, Verizon, and Hasbro
S&P 500 sees record-setting close after a high-flying day of earnings reports
Meanwhile, housing indicators offered encouraging signs
New Age Beverages rises after drinks company zips past Street's 4Q revenue estimate
The maker of CBD-infused beverages has been the subject of investor interest since last year when rumors emerged that the company might be acquired by The Coca-Cola Company
Melius Research initiates coverage of cannabis sector, says it will 'disrupt the beverage industry'
Analyst Rob Wertheimer has an Overweight rating on Aurora Cannabis stock and an Underweight rating on Tilray shares 'with less clarity on future growth outside of Canada'
Buds & Duds: Arcadia Biosciences stock soars after earning Hawaii hemp license
Also making gains was Harvest One, which agreed to acquire biotech company Delivra
Shore Capital knocks Whitbread to ‘Hold’ on lower than expected cash return and strong post-Costa share performance
Analysts said plans by the FTSE 100 owner of Premier Inn to return around £2.5bn in cash to shareholders were below their own expectations of around £3bn
Whitbread plans additional £2bn share buy-back as it spends proceeds from Costa Coffee sale
In presentations delivered at its annual Capital Markets Day, the FTSE 100-listed firm, also forecast a further £220mln in savings over the next three years
Whitbread kicks off £500mln share buyback after Costa sale as it issues cautious outlook
Whitbread said it expects underlying profit before tax in 2020 to be "consistent with this year" as it invests in its hotel expansion
Whitbread shares perk up on Barclays upgrade after completing Costa sale to Coca-Cola
Barclays upgraded its rating on Whitbread to ‘overweight’ from ‘equal weight’ and raised its target price to 5,200p from 5,000p
New Age Beverages Corp shares pop on $85M merger with Morinda
Under the terms of the deal, New Age will pay $75 million in cash and $10 million in New Age restricted stock to complete the takeover
GlaxoSmithKline sells Indian Horlicks business to Unilever
The US$3.8bn deal covers GSK’s health food and drinks portfolio in India, Bangladesh, and 20 other predominantly Asian markets
Whitbread receives clearance from Chinese regulator for Costa sale to Coca-Cola
The FTSE 100 firm said it had received clearance from China’s State Administration for Market Regulation to sell its Costa operations in the country
Unilever in exclusive talks to acquire GlaxoSmithKline's Indian Horlicks nutrition business - report
However, Indian newspaper Times of India reported that Swiss consumer products rival Nestlé SA is close to buying Horlicks and other Glaxo consumer healthcare assets
Aphria shares climb in pre-market after securing joint venture with brand manager Perennial
Perennial has teamed up with companies like Coca-Cola and Home Depot Canada
Crop Infrastructure shares blooming again as it hires group for Nevada farm build-out
An extraction tech group will build a one-ton-per-day extraction facility at its Nevada CBD farm
Crop Infrastructure shares fizz much higher as it lands former Coca-Cola branding executive to head up CannaDrink line
Former Coca-Cola branding executive Arashdeep Singh will head up the business.
Beverage giant Coca Cola Co reports modest 3Q beats on EPS and revenue, shares edge higher
Company operating margins and unit case volume posted slight gains while raising share in non-alcoholic ready-to-drink beverages
Whitbread shareholders await 'significant' payout from Costa Coffee disposal
The sale of Costa should leave Whitbread with about £2.9bn to allocate to shareholders and acquisitions after paying down debt and topping up the pension pot, says Liberum.
Whitbread warns on profits as it invests in Premier Inn expansion after Costa disposal
"The combination of our commitment to the investment programme and the current UK consumer environment naturally means our near-term profit growth may be lower than in previous years," Whitbread said
New Age Beverages pushes out board member who settled SEC charges
A 2014 SEC order demanded that Evans and Pennington Capital Management pay $165,000 to settle charges that they illegally bought shares in a secondary offering after shorting shares in a restricted period
Coca-Cola appoints Brian Smith as COO after leaving the seat vacant since last year
The role of chief operating officer was left vacant after James Quincey became CEO last year
PureCircle increases production capacity for stevia sweetener to meet rising demand
An increase in health-conscious consumers and the introduction of a sugar tax in the UK has led to an increase new product launches with stevia.
Puration shares pop after saying it's pouring more resources in cannabis beverage business
Company wants to take advantage of the move by major beverage players into the cannabis sector
Aurora Cannabis files to list on NYSE in search of institutional investors
Aurora will continue to trade on the Toronto Stock Exchange and will also stay on the OTC Markets until the NYSE listing is complete
From booze to beans and beds - a timeline of Costa Coffee owner Whitbread
Whitbread has continued to evolve since starting out as a beer brewing business
New Age Beverages shares sink on profit-taking after big run-up
Shares of New Age Beverages have been on a tear due to recent rumors that it might be acquired by Coca-Cola
Aurora Cannabis responds to rumors of Coca-Cola partnership
Coca-Cola is exploring the idea of cannabis-infused wellness beverages
Buds & Duds: Coca-Cola takeover rumors send New Age Beverage and other cannabis stocks soaring
Soda giant Coca-Cola said it was exploring the possibility of using CBD in wellness beverages
Beverage giant Coca-Cola interested in cannabis drinks, sending cannabis stocks higher
The Atlanta-based soft-drinks maker is in talks with Canadian marijuana producer Aurora Cannabis
Barclays ups Whitbread to ‘overweight’, thinks Costa Coffee disposal underpins Premier Inns equity story
Barclays’ analysts said the significant value unlocked by Whitbread’s move to sell its Costa Coffee chain for £3.9bn to Cola-Cola gives the UK firm “interesting optionality”
Coca Cola's acquisition of Costa Coffee provides route into lucrative China market, analyst says
Deal will allow US beverage giant to expand its presence in China and opens a new front in beverage wars with rival Pepsi
Whitbread faces pressure to prove merits of Premier Inn as standalone business
“Whitbread investors may miss the caffeine highs Costa serves up," Hargreaves Lansdown said of the group's decision to sell the coffee chain to Coca-Cola
Minoan Group on the up as it sells travel & leisure unit
A look at some of the biggest risers and fallers in London on Friday
Whitbread shares froth higher as it agrees to sell Costa coffee to Coca-Cola for £3.9bn
The company said it plans to return a “significant majority” of proceeds from the disposal to shareholders
FTSE 100 joins global stocks lower to close 1.11% down
European benchmarks also took a big hit, while on Wall Street, the Dow Jones Industrial Average is down around 80 points
EARLY MOVERS: Coca-Cola Co to buy Maine's iconic soda brand Moxie; Box Inc shares squeezed
Also in pre-market, Hewlett Packard Enterprise Co gains ground and Oreo cookies are in focus.
PRE-MARKET MOVERS: Home Depot shares climb as DIY group benefits from warmer summer; Advance Auto Parts also revs up
Brinker International and The Coca-Cola Co were also in focus in pre-market deals Tuesday.
PRE-MARKET MOVERS: General Motors shares take foot off the gas after guidance, while Usana Health Sciences stock perks up
Also in play in pre-market trade is fizzy drinks giant The Coca-Cola Co and Boston Scientific Corp
Jefferies cites significant US potential as it hikes price target for Fevertree up to £40
Analysts at the US investment bank upped their price target to £40, but if US consumers really take to Fevertree’s drinks, it reckons shares could hit £60
Morning Earnings Roundup: Several Dow 30 companies beat Wall Street expectations
Dow 30 companies Caterpillar, Coca-Cola and Verizon beat consensus estimates in the first quarter
Investments and investor services
Stocks expected to break loose as half a dozen Dow Jones constituents report
After falling for four sessions in a row the Dow Jones was set to open sharply higher
Connected IO opens new sales channel through deal with major US telco
Cisco (NASDAQ:CSCO) predicts there will be 50 billion connected devices by 2020.
Coca-Cola unit in Japan to introduce first alcoholic drink in company history
The unit is "going to experiment with a product in a category known in Japan as Chu-Hi," a canned drink that contains alcohol
Warren Buffett now has a US$28.2bn stake in Apple
With an old-school flip-phone in his pocket, you wouldn’t think Apple would be one of the investment guru’s favourite stocks, but a US$28.2bn stake would suggest otherwise
Investments and investor services
US stocks pare gains amid Russia indictments
The index of consumer sentiment rose 4.4% in February, ending a string of three monthly declines and pushing the measure back to the upper portion of its recent range, noted Daiwa Securities.
Coca Cola fizzes higher as price hikes help drive fourth-quarter earnings beat
Consumer tastes may be shifting away from Coke’s traditional beverages, but the drinks giant can still pull on levers such as pricing to boost its results
Coca-Cola HBC full year earnings rise on demand for Monster Energy and water
The bottling company expects continued volume growth for the 2018 financial year but foreign exchange headwinds will impact earnings
Dr Pepper Snapple agrees to be taken over by Keurig Green Mountain
Snapple shareholders will receive a special cash dividend of US$103.75 per share
Britvic and Coca Cola HBC fizz on broker upgrades
Deutsche Bank analyst Andrea Pistacchi likes both of the drinks makers, albeit for different reasons
Coca Cola HBC under the cosh as JP Morgan cuts rating and target price
JP Morgan said Coca-Cola HBC is best placed to buy a stake in Coca-Cola Beverages Africa but accretion from the deal will be lower than previously expected
The Coca-Cola Company's revenues affected by refranchising head-winds
The company said it continues to find ways to reduce the amount of added sugar in many beverages around the world
Coca Cola HBC fizzes higher as warm June and late Easter boost first half profits
Operating profits soared by almost 21% to €266.4mln in the six months ended 30 June