The Coca-Cola CompanyNYSE
Today, 1:09 PM
- Susquehanna analyst Pablo Zuanic says the focus on Coca-Cola (KO +2.7%) should be on the exit from Howard Buffett from the board (announced yesterday), instead of on today's news of the elevation of James Quincey to the CEO position. Howard's father, Warren Buffett, doesn't sit on the KO board.
- Zuanic reasons that the Buffett exit could make it easier for Berkshire Hathaway to divest its $16.6B position in Coca-Cola. That in turn could create a domino effect.
- Susquehanna note: "Would the proceeds help 3G/KHC fund a potential bid for, say, MDLZ? Would selling out of KO mean that 3G is ultimately not interested on buying KO, and that their ultimate target is PEP? Food for thought."
- Previously: Coca-Cola CEO to step down (Dec. 9)
- Previously: Coca-Cola higher after appointing new CEO (Dec. 9)
- Previously: Ripple effect from Coca-Cola CEO move (Dec. 9)
Today, 9:00 AM
- Shares of Coca-Cola (NYSE:KO) are up 1.02% to $41.40 after the company announces COO James Quincey will step in for CEO Muhtar Kent in May.
- Kent will stay on as the Chairman of the Board.
- There's some speculation that a new CEO at Coca-Cola may be more amenable to a food M&A play to align the company similar to PepsiCo. Over the last five years, PEP shares have outperformed KO shares +57% to +21%.
- Previously: Coca-Cola CEO to step down (Dec. 9)
Today, 8:48 AM
Mon, Dec. 5, 7:58 AM
Thu, Dec. 1, 10:54 AM
- November monthly performance was: +2.66%
- 52-week performance vs. the S&P 500 is: +1%
- No dividends were paid in November
- Top 10 Holdings as of 9/30/2016: General Mills Inc (GIS): 2.95066%, AT&T Inc (T): 2.90074%, Coca-Cola Co (KO): 2.73316%, The Hartford Financial Services Group Inc (HIG): 2.54395%, Exelon Corp (EXC): 2.51904%, PPL Corp (PPL): 2.41072%, Procter & Gamble Co (PG): 2.34328%, Suncor Energy Inc (SU): 2.27143%, The Kraft Heinz Co (KHC): 1.91049%, Campbell Soup Co (CPB): 1.87577%
Wed, Nov. 30, 7:21 AM
- HSBC is convinced that Coca-Cola (NYSE:KO) is the M&A end game strategy of Anheuser-Busch InBev (NYSE:BUD).
- The firm thinks Coca-Cola, Heineken and Coca-Cola FEMSA (KOF, OTC:COCSF) are in in position where they need to change their strategies to defend against the possibility of an "ABI-Coke world." An anti-BUD alliance is in their best interests, according to the HSBC note.
- Source: Bloomberg
Tue, Nov. 22, 10:22 AM
- Monster Beverage (NASDAQ:MNST) is at it again with a 4.2% pop to sail over $45.
- Dealreporter.com attributes the recent rally in Monster to M&A speculation. Earlier today, Dr Pepper Snapple finalized its deal to acquire Bai Brands.
- Coca-Cola (KO +0.1%) picked up a 16.7% stake in Monster Beverage in July 2015 when shares were at roughly the same level.
Thu, Nov. 17, 10:10 PM
- Coca-Cola (NYSE:KO) says it reached a definitive agreement to sell its bottling assets in China for ~$1B, part of a global divestment drive in a bid to cut costs amid slowing soda sales.
- Under the agreement, Hong Kong conglomerate Swire Pacific and Cofoc's China Foods Ltd. unit each will own roughly half of KO's bottling operations in China.
- China is KO's third-largest market by volume; KO and its bottling partners recently opened their 45th plant in the country and are in the midst of a $4B investment push.
Mon, Nov. 14, 9:43 AM
- Managers at Anheuser-Busch InBev (NYSE:BUD) have a huge incentive to strike a deal to acquire Coca-Cola (KO +0.5%), observes The Telegraph.
- 65 top execs stand to share a £278M ($350M) bonus pool if $100B in annual revenue is brought in by the company before 2020, a target unlikely to be achieved through organic growth.
- The Telegraph reports that A-B CEO Carlos Brito has already acknowledged that it's looking at beverage targets outside of beer.
- Discussion of a KO-BUD tie-up is nothing new on Seeking Alpha (I, II, III).
Wed, Nov. 9, 11:58 AM
- Susquehanna analyst Pablo Zuanic warns that Coca-Cola (KO -1.8%), PepsiCo (PEP -1.9%) and Anheuser-Busch InBev (BUD -2.3%) have some peso risk now embedded due to the sharp drop in the currency. Details from his note to investors are posted below.
- BUD: "In 2015 Mexico accounted for 12% of BUD EBITDA, but now including SAB it will account for 8-9%."
- KO: "LatAm accounted for 19% of KO EBIT in FY15, and we estimate that Mexico accounts for 10-12% of earnings (11% of CSDs and NARTDs, as per Euromonitor)."
- PEP: "At PEP Mexico is 6% of CSDS (end unit cases), but 12% of NARTDs (water, others), according to Euromonitor, and it accounts for 8% of Frito. So roughly, we’d say Mexico is 8-9% of PEP’s global earnings."
Wed, Nov. 9, 5:56 AM
- Three Bay Area cities have voted to levy a tax on sodas and other sugary drinks in an effort to curb obesity and diabetes.
- The measure passed by wide margins in San Francisco, Oakland and Albany (a separate vote in Boulder, Colorado is on track to pass as well).
- In 2014, Berkeley became the first city in the country to levy a soda tax and Philadelphia became the second in June.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
Thu, Nov. 3, 8:48 AM
- October monthly performance was: -0.58%
- 52-week performance vs. the S&P 500 is: +12%
- No dividends were paid in October
- Top 10 Holdings as of 6/30/2016: General Mills Inc (GIS): 3.56363%, AT&T Inc (T): 3.10141%, Coca-Cola Co (KO): 2.92358%, Campbell Soup Co (CPB): 2.52377%, Exelon Corp (EXC): 2.36382%, Suncor Energy Inc (SU): 2.32307%, The Hartford Financial Services Group Inc (HIG): 2.28103%, PPL Corp (PPL): 2.13051%, The Kraft Heinz Co (KHC): 2.07219%, Heineken NV (OTCQX:HINKF): 1.90962%
Mon, Oct. 31, 4:22 AM
- Putting the fizz back into its line-up, Coca-Cola Ginger (NYSE:KO) was launched Down Under today, as the South Hemisphere country ushers in summer.
- Coca-Cola South Pacific noted that sales of ginger-flavored drinks were up 6% in Australia over the past year, and Bundaberg Ginger Beer has been a favorite since it was launched in 1960.
Fri, Oct. 28, 10:33 AM
- Researchers from Harvard University estimate that soda consumption could fall as much 20% in select California cities if a soda tax is passed on November 8. The same study predicted a 4% drop in diabetes cases as a result of soda taxation.
- California voters in San Francisco, Albany and Oakland are voting on the tax, as well as voters in Boulder, Colorado. The issue is also going in front of the Cook County Commission (Chicagoland) soon for a decision over what's openly being called a political money grab.
- The beverage industry had a very strong record of turning back soda tax initiatives, but saw a setback when the Philadelphia City Council approved a $0.015-per-ounce soda tax last June.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, COT.
Wed, Oct. 26, 7:16 AM
- Coca-Cola (NYSE:KO) reports organic revenue increased 3% in Q3 on an even split of price/mix and volume growth.
- Organic revenue: Europe/Middle East Africa +2%, Latin America +11%, North America +3%, Asia Pacific flat, Bottling +2%.
- Reported income before taxes: Europe/Middle East Africa -2%, Latin America -16%, North America +12%, Asia Pacific +2%, Boittling -34%.
- The company says it gained value share in the nonalcoholic ready-to-drink beverages category.
- Operating margin improved by over 50 bps during the quarter.
- KO +0.61% premarket to $42.80.
Wed, Oct. 26, 6:57 AM