United States

Coca-Cola Co (KO)

KO on New York Consolidated

7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Coca-Cola to refranchise territory to Coca-Cola Bottling Co consolidated
Wednesday, 15 Jun 2016 07:30am EDT 

Coca-cola Co : Coca-Cola Company to refranchise territory to Coca-Cola Bottling Co consolidated . Expects to refranchise most of Memphis, Tenn., market unit to charlotte, N.C.-based consolidated . Cola - signed LOI for a small territory owned by coca-cola company that is centered on Louisa, KY., with operations that span into West Virginia. . Number of facilities and territories in southeast will be exchanged under letters of intent . Cola co - financial terms are not being disclosed. .Agreements are part of a plan to refranchise all of coca-cola company's North American territories by end of 2017.  Full Article

Coca Cola HBC Ag reiterates mid-term targets
Monday, 6 Jun 2016 07:00am EDT 

Coca Cola Hbc Ag : Hosting an investor event in London today, 6 June 2016, where management will present to investors and analysts on group's medium-term strategy . Will be discussing our plans to promote volume and value growth, and further improvements to operational efficiency . Reiterate our capital expenditure target as 5.5-6.5 pct of net sales revenue and commitment to maintaining negative working capital balance sheet position . Medium-Term growth targets include average annual revenue growth rate in range 4-5 pct on a currency-neutral basis . Looking ahead, we expect an improving external environment to support growth in our markets over period to 2020 . Medium-Term growth targets include a reduction in comparable operating expenses as a percentage of net sales revenue to 26-27 pct .Medium term growth targets include- comparable EBIT 1 margin improvement to 11 pct (2015: 7.5 pct).  Full Article

Coca-Cola announces new international structure
Tuesday, 24 May 2016 06:55am EDT 

Coca-cola Co : The Coca-Cola Company announces new international structure, promotes key leaders . Dan Sayre, will continue as president, Western Europe . In Africa, two business units will be reconfigured to more closely align operations with bottling operations on continent . In Europe, Central,Southern Europe and Russia, Ukraine,Belarus business units to be combined into a new business unit-Central and Eastern Europe . Will form Europe, Middle East, Africa group, consisting of business units that currently make up Europe and Eurasia and Africa groups . Brian Smith, currently president of company's Latin America group, will become president, EMEA group . Company's bottling investments and North America groups are not impacted by today's announcements .Atul Singh, currently president of Asia Pacific group, will transition to role of chairman, asia pacific group.  Full Article

SA's Competition Tribunal approves Coca-Cola beverages merger with bottling cos with conditions
Tuesday, 10 May 2016 10:44am EDT 

South Africa's Competition Tribunal: Says Coca-Cola beverages merger with bottling companies approved with conditions . Told that conditions dealt with and settled all the parties’ disputes; no party contested merger approval subject to agreed conditions . Will be providing reasons for its approval in due course . Says conditions are as given by the parties on may 9 to the tribunal . Says conditions are as given by the parties on May 9 to the Tribunal (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Coca-Cola Co gives voluntary retirement scheme to 65 employees at HCCB bottling plant - Economic Times - Reuters News
Tuesday, 15 Mar 2016 01:20pm EDT 

Coca-Cola Co:Coca-Cola has let go of 65 employees at bottling unit Hindustan Coca-Cola Beverages (HCCB) through a voluntary retirement scheme (VRS), even as it suspended operations at five plants citing flagging demand - Economic Times.The company is also exploring options to sell the company-owned bottling business.An HCCB spokesperson confirmed the development. These five factories employed 390 people and half of them are still on the rolls of the company and have yet to make a decision.One-third of the employees have chosen to relocate to other locations and the remaining have opted for VRS, the spokesperson told ET.This is possibly the largest number of employees that Coca-Cola has let go of in the country at any one given time, though the company did not confirm it.  Full Article

Coca-Cola Company Announces Annual Dividend Increase
Thursday, 18 Feb 2016 09:15am EST 

Coca-Cola Company:Approved the Company's 54(th)consecutive annual dividend increase, raising the quarterly dividend 6 percent from 33 cents to 35 cents per common share.This is equivalent to an annual dividend of $1.40 per share, up from $1.32 per share in 2015.The first quarterly dividend is payable April 1, 2016, to shareowners of record as of March 15, 2016.  Full Article

The Coca-Cola Co gives FY 2016 guidance
Tuesday, 9 Feb 2016 06:56am EST 

The Coca-Cola Co:Expects organic revenue to be up 4% to 5% in FY 2016, in line with our long-term target.Says net impact of acquisitions and divestitures is expected to be a 4 to 5 point headwind and based on the current spot rates, currency is expected to be a 4 point headwind, including the impact of hedged positions.Expects comparable currency neutral income before taxes (structurally adjusted) to grow 6% to 8% in FY 2016, in line with the company's long-term target, as strong operating profit growth is expected to be partially offset by increased interest expense.Expects FY 2016 comparable currency neutral EPS growth to be 4% to 6% including the impact of 3 to 4 points of structural headwind, primarily due to refranchising, on comparable currency neutral income before taxes.  Full Article


Coca-Cola opens new $100 million plant in Cambodia

PHNOM PENH Coca-Cola Co opened a new $100 million facility in Cambodian capital Phnom Penh on Monday to expand its production capacity in the Southeast Asian nation.