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Coca-Cola Co (KO.N)

KO.N on New York Stock Exchange

42.42USD
4:00pm EDT
Change (% chg)

$-0.01 (-0.02%)
Prev Close
$42.43
Open
$42.44
Day's High
$42.52
Day's Low
$42.29
Volume
3,333,721
Avg. Vol
4,468,261
52-wk High
$47.12
52-wk Low
$39.88

Latest Key Developments (Source: Significant Developments)

Fitch rates Coca-Cola's benchmark Euro notes 'A+'
Tuesday, 30 Aug 2016 01:26pm EDT 

Fitch: Fitch Rates Coca-Cola's benchmark Euro notes 'A+'; Outlook negative .Fitch on Coca-Cola - Negative outlook reflects elevated leverage (on both gross and supplemental net leverage basis) which is high for current ratings.  Full Article

Moody's rates Coca-Cola's new Euro notes at Aa3
Tuesday, 30 Aug 2016 12:41pm EDT 

Moody's: Moody's rates Coca-Cola's new Euro notes at Aa3 .Moody's on Coca-Cola - All other ratings for the company remain unchanged. The outlook is stable.  Full Article

S&P rates Coca-Cola's proposed 5 and 10 year fixed notes 'AA-'
Monday, 29 Aug 2016 01:45pm EDT 

S&P Global Ratings: S&P - The Coca-Cola Co.'s proposed 5 and 10 year fixed notes assigned 'AA-' ratings .S&P - "Forecast Coke's leverage will be modestly higher over next several quarters, then improve once it completes refranchising bottling operations".  Full Article

Moody's rates Coca-Cola's new notes at AA3
Monday, 29 Aug 2016 01:26pm EDT 

Moody's: Moody's rates Coca-Cola's new notes at AA3 .Moody's on Coca-Cola - All other ratings for the company remain unchanged. The outlook is stable.  Full Article

Coca-Cola on conf call- not expecting a material improvement in weak markets in remainder of year
Wednesday, 27 Jul 2016 10:03am EDT 

Coca-Cola Co : Consumer environment weakening in China, wholesalers are adjusting to lower expected sales growth and bringing down inventory levels . Expect China operations to remain under pressure for rest of year . "focusing on better execution particularly in second tier and rural areas in China , upping the game in terms of affordable offerings" . Executive- "believe the Argentinian government is taking the right steps to secure its economic recovery" . On conf call- weakening demand in certain large emerging and developing markets impacted volume in Q2 . On conf call- not expecting a material improvement in conditions in remainder of year . Volume deceleration in Q2 was concentrated in a number of markets with macroeconomic challenges such as China, Argentina, Venezuela . Executive- think challenges in Brazil will continue through remainder of the year Further company coverage: [KO.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Coca-Cola reports Q2 EPS of $0.79
Wednesday, 27 Jul 2016 06:55am EDT 

Coca-Cola Co : Coca-Cola company reports second quarter 2016 results . Full-year comparable currency neutral income before taxes (structurally adjusted) outlook remains 6 pct to 8 pct . Expects full-year comparable EPS to be down 4 pct to 7 pct versus prior year's comparable EPS of $2.00 . Still beverage volume grew 4 pct year to date and 2 pct in the quarter . Q2 NON-GAAP earnings per share $0.60 . Q2 earnings per share $0.79 . Q2 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Full-year 2016 organic revenues now expected to grow 3 pct . Q2 net operating revenue $11,539 million versus $12,156 million . Qtrly total company organic revenue up 3 percent . Qtrly North America unit case volume up 1 percent . Targeting full-year 2016 net share repurchases of $2.0 to $2.5 billion . For Q3,based on current spot rates, currency to be 2 pt headwind on comparable revenues and 2 to 3 pt headwind on comparable income before taxes . Qtrly total company unit case volume flat versus last year .Net impact of structural items is expected to be a 3 point headwind on comparable income before taxes in Q3.  Full Article

Coca-Cola says bottlers sign new LOI for territories in 2 states
Wednesday, 27 Jul 2016 06:45am EDT 

Coca-Cola Co : Bottlers sign new letters of intent for territories in two states . Financial terms are not being disclosed . Announces continued progress with North American refranchising initiative . National product supply group to add two members, including newly formed regional group that will encompass much of Midwest . Durham Coca-Cola Bottling Company of North Carolina expects to add territory in Sanford, N.C. . Agreements announced are part of a plan to refranchise all of Coca-Cola Company's North American territories by end of 2017 .Coca-Cola Bottling Company of Yakima, Wash, expects to add territory in Moses Lake, Wash.  Full Article

Coca-Cola sets regular quarterly dividend of $0.35 per share
Thursday, 21 Jul 2016 09:55am EDT 

Coca-cola Co :Sets regular quarterly dividend of $0.35 per share.  Full Article

NFL says David Thomson has been named managing director of NFL Canada
Tuesday, 28 Jun 2016 12:09pm EDT 

NFL: David Thomson has been named managing director of NFL Canada .Thomson comes to NFL after a 15-year career at Coca-Cola Canada where he most recently was vice president of strategic marketing & investments.  Full Article

Coca-Cola now expects items to be a 5-6 point headwind on net revenues
Thursday, 16 Jun 2016 06:00am EDT 

Coca-cola Co : Cola co - now expects items to be a 5 to 6 point headwind on net revenues and a 4 to 5 point headwind on income before taxes in q2 . Q2 earnings per share view $0.59, revenue view $11.75 billion -- Thomson Reuters I/B/E/S .Cola company updates second quarter expected net impact of acquisitions, divestitures and other structural items ahead of deutsche bank conference presentation.  Full Article

More From Around the Web

Fitch Affirms Coca-Cola's IDRs at 'A+/F1'; Outlook Negative

(The following statement was released by the rating agency) CHICAGO, March 24 (Fitch) Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) and debt ratings of The Coca-Cola Company (Coca-Cola) and its subsidiaries at 'A+/F1'. The Rating Outlook is Negative. Coca-Cola had approximately $45.7 billion of debt as of Dec. 31, 2016. A complete list of rating actions follows at the end of this release. The Negative Outlook reflects Coca-Cola's elevated leverage (on both a gross and supplem