Welcome to our dedicated page for Coca Cola Co news (Ticker: KO), a resource for investors and traders seeking the latest updates and insights on Coca Cola Co stock.
The Coca-Cola Company (NYSE: KO) is a total beverage company in the soft drink manufacturing industry, with products sold in more than 200 countries and territories. This news page focuses on company announcements that explain how Coca-Cola manages its global brand portfolio, its leadership, and its relationships with bottling partners and major event organizers.
Investors and followers of KO stock can use this feed to review earnings-related updates, such as quarterly results and outlook commentary, which the company reports through press releases and accompanying Form 8-K filings. These disclosures often include information on net revenues, operating income, earnings per share, unit case volume and value share trends across regions and beverage categories.
News from The Coca-Cola Company also covers corporate actions and governance, including CEO succession plans, board appointments and changes in operational leadership. Recent examples include the election of Henrique Braun as future Chief Executive Officer and the election of Max Levchin to the board of directors. Organizational updates related to digital transformation, such as the creation of a Chief Digital Officer role, are another recurring theme.
Readers will also find coverage of strategic transactions and partnerships, including refranchising steps involving bottling operations and agreements to sell stakes in bottlers like Coca-Cola Beverages Africa. In addition, Coca-Cola issues news about global marketing and sponsorship activities, such as the FIFA World Cup Trophy Tour by Coca-Cola, which highlights the company’s role in major sporting events and associated sustainability initiatives. For an ongoing view of how The Coca-Cola Company communicates its strategy, performance and brand activities, this KO news page provides a centralized stream of official releases.
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.
The Coca-Cola Company (NYSE: KO) has announced the expiration and results of its cash purchase offers for all outstanding U.S. dollar-denominated and Euro-denominated notes. The offers ended on May 5, 2021, with settlements expected on May 6 and May 7, 2021, respectively. A total of $1.73 billion in Dollar Notes and €930 million in Euro Notes were validly tendered. Each holder will receive specified cash consideration plus accrued interest for their validly tendered notes. The company retained several dealers for the transaction, emphasizing its commitment to managing its debt responsibly.
The Coca-Cola Company (NYSE: KO) has announced the pricing of offers to purchase any outstanding U.S. dollar-denominated and Euro-denominated notes. These offers, detailed in the Offer to Purchase dated April 28, 2021, include various series of notes with significant principal amounts, including $1 billion in 2.950% Notes due 2025 and $1.75 billion in 2.875% Notes due 2025. The total consideration for the Dollar Notes ranges from $1,083.96 to $1,085.22, based on reference yields and fixed spreads. The Offers aim to manage the Company's debt effectively.
The Coca-Cola Company has appointed Saadia Madsbjerg as Vice President of Global Community Affairs and President of The Coca-Cola Foundation, effective June 1. Madsbjerg, a former managing director at The Rockefeller Foundation, will oversee the Foundation's philanthropic operations and grant-making activities. She has a background in corporate strategy and sustainable investing. Bea Perez, Chief Communications Officer, expressed enthusiasm about Madsbjerg's extensive experience in addressing global challenges. The Coca-Cola Foundation has awarded over $1 billion in grants since its inception in 1984.
The Coca-Cola Company (NYSE: KO) announced cash offers to purchase all outstanding U.S. dollar and Euro-denominated notes. As of April 28, 2021, about $4.25 billion in Dollar Notes and €2.2 billion in Euro Notes are outstanding. The offers, which began on April 28, 2021, will expire on May 5, 2021. The funds for the purchases will be sourced from new note offerings and cash on hand. Accepted notes will be retired and canceled. Holders may receive priority in new Euro notes allocations if they participate in the offers.
The Coca-Cola Company elected Monica Howard Douglas as the new senior vice president and general counsel. Douglas, a 17-year veteran of the company, previously served as chief compliance officer and will oversee the global legal function, reporting to CEO James Quincey. The board also appointed Jeffrey Gilbert as vice president and Chief Security Officer and Lucy Reid as vice president of Strategic Ingredient Supply. Additionally, Coca-Cola declared a quarterly dividend of 42 cents per share, marking a 2.4% increase from the previous quarter.
The Coca-Cola Company announced the appointment of Bradley Gayton as a strategic consultant, effective immediately. In this role, he will collaborate with Chairman and CEO James Quincey to advance key objectives. Gayton, previously senior vice president and global general counsel, is credited with driving innovation and diversity initiatives since joining Coca-Cola from Ford Motor Company. His successor will be named later. Quincey highlighted Gayton's strategic leadership, affirming confidence in his continued contributions to the company.
The Coca-Cola Company reported Q1 2021 results, revealing a 5% growth in net revenues to $9.0 billion, driven by a 5% increase in concentrate sales. Operating margin improved to 30.2%, up from 27.7%, attributed to effective cost management, though currency fluctuations presented headwinds. EPS decreased 19% to $0.52, while comparable EPS grew 8%. Cash from operations rose to $1.6 billion. The company is launching several new products, including smartwater®+ and Coca-Cola® with Coffee, to capitalize on market recovery.