Coca Cola Co Stock Price, News & Analysis

The National Restaurant Association Educational Foundation (NRAEF) and Coca-Cola launched the ProStart Virtual Lounge, an interactive platform for aspiring restaurant professionals. This initiative, aimed at ProStart students and alumni, offers resources like recipes, industry insights, and mentorship opportunities. The program, serving 130,000 students across 1,700 schools, has received over $15 million in Coca-Cola support since 2003. A sweepstakes is also available from August 24 to October 18, encouraging registration and interaction among users.

The Coca-Cola Company announced that President Brian Smith and CFO John Murphy will present at the Barclays Global Consumer Staples Conference on Sept. 9 at 10 a.m. ET. Investors can join a webcast of the event via the company's investor page. A downloadable file and transcript will be available within 24 hours post-event. Coca-Cola operates in over 200 countries, offering a range of brands in various beverage categories, including Coca-Cola, Sprite, and Fanta. The company focuses on sustainable practices and community impact.

Coca-Cola has launched its first-ever NFT collectibles to celebrate International Friendship Day on July 30, with all proceeds from the four-day auction benefiting Special Olympics International. The collection, auctioned on OpenSea, includes a Friendship Box NFT, a Bubble Jacket Wearable NFT, a Sound Visualizer NFT, and a Friendship Card NFT, all themed around friendship and sharing. The auction opens at 12:01 a.m. UTC on July 30 and closes at 8 p.m. UTC on August 2.

The Coca-Cola Company reported robust second quarter 2021 results, with net revenues increasing 42% to $10.1 billion. Organic revenues grew 37%, driven by a 26% increase in concentrate sales and an 11% rise in price/mix. Operating margin improved to 29.8%, with EPS rising by 48% to $0.61. The company gained market share in nonalcoholic beverages and witnessed a 18% growth in unit case volume. Positive cash flow of $5.5 billion was achieved, reflecting strong operational performance. The company also announced sustainability initiatives and new product launches.

The Coca-Cola Company has declared a dividend of 42 cents per common share, payable on October 1, 2021, to shareholders of record as of September 15, 2021. Additionally, Saadia Madsbjerg has been elected as corporate vice president, after serving as Vice President of Global Community Affairs and President of The Coca-Cola Foundation. Madsbjerg brings substantial experience from her previous roles at The Rockefeller Foundation and New York City Economic Development Corp., focusing on sustainable development and strategic planning.

The Coca-Cola Company (NYSE: KO) has announced its second quarter 2021 financial results will be released on July 21, before the NYSE opens. An investor conference call will follow at 8:30 a.m. ET to discuss these results. Investors can join the webcast on the company's investor relations website. Coca-Cola operates globally with a wide portfolio of beverage brands, continually innovating and focusing on sustainability.

Coca-Cola North America has announced a plan to increase its spending with minority-owned media companies, aiming to allocate 8% of its total annual media budget by 2024. This decision follows a comprehensive analysis of marketing expenditures, recognizing the need to support an equitable media landscape. Coca-Cola will quintuple its spending with minority-owned media in 2021 compared to 2020, enhancing partnerships with both new and established outlets. Additionally, the company is launching a certification assistance program for minority media partners to foster growth.

The Coca-Cola Company has partnered with The Ocean Cleanup as a Global Implementation Partner for a river project aimed at combating plastic pollution. The initiative will deploy cleanup systems across 15 rivers over the next 18 months, utilizing the solar-powered Interceptor™ technology. This collaboration focuses on intercepting waste to prevent it from entering oceans, with an overall objective of enhancing recycling efforts globally. Coca-Cola aims to contribute significantly to a circular economy and has set ambitious sustainability goals for its packaging and waste management.

The Coca-Cola Company (NYSE: KO) announced its participation in three key conferences in June. Chairman and CEO James Quincey and Chief Communications Officer Bea Perez will present at the Bernstein Strategic Decisions Conference on June 2, while Perez will also speak at the Goldman Sachs Global Consumer ESG Conference on June 7. Additionally, CFO John Murphy and CMO Manolo Arroyo are scheduled to address the dbAccess Global Consumer Conference on June 9. Investors can access webcasts of these events and find transcripts on the company’s investor relations website.