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The Coca-Cola Company Add to portfolio

INX:KO, Apr 05, 07:05 UTC

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Thursday, April 02


News

Why Coca-Cola Stock Fell 17% in March

KO

Why Coca-Cola Stock Fell 17% in March | NASDAQ. What happened. Coca-Cola (NYSE: KO shareholders underperformed a weak market last month as their stock lost 17% compared to a 12.5% drop in the S&P 500, according to data provided by S&P Global Market Intelligence. Blue chip consumer staples investments like Coca-Cola are often safe havens during market slumps. Yet Coke stock was hurt by worries about a significant negative impact from the COVID-19 outbreak on the business. The company warned in mid-March that plunging consumer traffic at restaurants, plus the cancellation of major sporting events and most forms of public entertainment activities, will likely harm short-term earnings.

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nasdaq.com fool.com
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  • Financial

Wednesday, April 01


News

Coca-Cola to Help Georgia Tech Make Surgical Masks for Healthcare Workers

KO

Coca-Cola to Help Georgia Tech Make Surgical Masks for Healthcare Workers | NASDAQ. Sometimes a crisis brings out the best in us, and in Atlanta, Georgia, two institutions are working together to help healthcare professionals who need protective gear. Georgia Tech engineers have been creating plastic surgical shields and other protective equipment using 3-D printers, and they've called on anyone who has one at home to join in their efforts. Georgia now has over 4,100 coronavirus cases and like all over the U.S., doctors, nurses, and other healthcare workers are working diligently to treat them. It's hosting a drop-off location for supplies for PPE at that location and rewarding donors with free bottles of its new AHA sparkling water. Although people are still in the market for a cold can of Coke, the company's share price has fallen along with the rest of the stock market in recent weeks.

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nasdaq.com fool.com
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  • Business
  • Health
  • Financial
  • Science

Tuesday, March 31


News

Coca-Cola (KO) Dips More Than Broader Markets: What You Should Know

KO

Coca-Cola (KO) closed at $44.24 in the latest trading session, marking a -1.69% move from the prior day. Coming into today, shares of the world's largest beverage maker had lost 19.53% in the past month. Our most recent consensus estimate is calling for quarterly revenue of $8.60 billion, up 7.26% from the year-ago period. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988.

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  • Business
  • Financial

Monday, March 30


News

Why Campbell Soup, Hershey, and Coca-Cola Stocks Popped 5% Today

HSY KO +1 more HSY KO CPB

Why Campbell Soup, Hershey, and Coca-Cola Stocks Popped 5% Today | NASDAQ. What happened. Stocks bounced back Monday, after a pretty miserable Friday that spelled the end to a three-day rally in the markets. In a situation like this, you're probably thinking (and it sure looks like other investors are thinking it) that shares of companies like Campbell Soup, Hershey, and Coca-Cola are good ones to own. Of the three stocks, Campbell seems the best bargain at just 9.2 times trailing profits (with a 3.2% dividend yield to boot). But assuming this pandemic ends at some point, do you really want to come out of it owning shares of a soup company?

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nasdaq.com fool.com
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Thursday, March 26


News

Teamsters Local 727 Demands That Great Lakes Coca-Cola Prioritize People Over Profits

KO

CHICAGO, March 26, 2020 /PRNewswire/ -- In response to the COVID-19 pandemic, Teamsters Local 727 sent Great Lakes Coca-Cola Distribution Inc. (GLCCD), a subsidiary of Reyes Holdings and bottler/distributor of Coca-Cola products (NYSE:KO), a detailed information request that asked for: 1) the sick leave and/or attendance policy the company will be using during this time to ensure members stay home while sick and/or to identify exposure; 2) what cleaning standards have been put in place including increased cleaning and disinfecting; and 3) what measures the company is taking to keep members informed of policies, procedures, and exposures. Since all the other soda companies in the Chicagoland area represented by 727, and many companies across the nation, non-union and union alike, are offering hazard or incentive pay—the union demanded hazard pay for its essential frontline GLCCD members as well. To date, the company has not fulfilled the information request in its entirety but instead sent vague responses such as, "I can assure you that the well-being of our employees is our top priority. To make matters worse, one 727 member reported that when he approached a company supervisor to express his fear for himself and his family management responded by stating that, "Your chances of catching the flu are many, many, many, many, many times higher than catching this virus. In fact, one manager told a truck driver for the company, "A lot of people aren't working. You should just be glad to still have a job." "Great Lakes Coca-Cola had the opportunity to change their image from a greedy, anti-worker corporate bully to an employer that cares about their workers and is helping the nation during an international health crisis.

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News

Zacks Market Edge Highlights: Pepsico, Coca-Cola, McDonald's, Starbucks and Sony

6758 KO +2 more 6758 KO SBUX PEP

Chicago, IL – March 26, 2020 – Zacks Market Edge is a podcast hosted weekly by cks Stock Strategist Tracey Ryniec. Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. There’s lots of anxiety. And then there is the stock market, which has fallen into a bear market, but is still staging wild gyrations, both up and down, with no end in sight. It might seem counter intuitive, with stocks so volatile, that investors might be able to find some semblance of control by executing an investment plan.

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  • Business
  • Financial

Tuesday, March 24


News

Coca-Cola CEO Concedes Supply Chain Is Now Strained

KO

It comes as no real surprise, with much of the world in the midst of a lockdown in an effort to contain the coronavirus contagion. Coca-Cola(NYSE: KO) CEO James Quincey confirmed on Tuesday, however, the company's supply chain is "creaking around the world." The revelation was offered in a video interview aired by CNBC's Squawk on the Street, during which Quincey added, "some of the smallest SKUs will have to be left out." Impasses are found in all directions and at all points of most companies' supply chains. North America moved into the COVID-19 storm already with a truck driver shortage in place, but with shopping habits being altered by the outbreak, that shortage appears exacerbated.

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nasdaq.com cnbc.com
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  • Health

Sunday, March 22


News

Better Buy: IBM vs. Coca-Cola

KO IBM

The first question investors should be asking today is if the coronavirus, known as COVID-19, could do irreparable harm to IBM or Coke. That said, both of these U.S. icons will likely see near-term hits to their businesses. However, that's not exactly unique -- a lot of companies are going to get hit by the worldwide efforts to quell the coronavirus outbreak. While investors are perhaps rightly reassessing valuations in the stock market, the long-term impact on Coke and IBM as businesses is unlikely to be material. It wouldn't be fair to characterize International Business Machines as being in dire financial shape -- that's just not true. And a notable portion of its debt is directly in support of selling its products, so corporate-level leverage isn't really as high as it seems. But, at the end of the day, Coke is the hands-down winner. That said, there's a trend here that is hard to ignore: IBM looks cheaper. If you are a die-hard value investor, the edge goes to IBM. If you are a growth-at-a-reasonable-price type, though, Coke might still look like the better option.

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nasdaq.com fool.com
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Friday, March 20


News

Coca-Cola Expects It Won't Meet Fiscal 2020 Guidance

KO

Coca-Cola Expects It Won't Meet Fiscal 2020 Guidance | NASDAQ. Coca-Cola's (NYSE: KO) stock wasn't particularly fizzy on Friday on the back of news that the company won't hit its guidance for this fiscal year. Not surprisingly, the culprit is the SARS-CoV-2 coronavirus that causes the potentially fatal COVID-19 disease. For the entirety of its current fiscal 2020, Coca-Cola had previously expected it see a roughly 5% year-over-year increase in non-GAAP (adjusted) revenue. In its filing, Coca-Cola wrote that, "[S]ince our last guidance update, local market policies and initiatives to reduce the transmission of COVID-19 have significantly increased. These initiatives include the direction to refrain from dining at restaurants," among many other commercial activities.

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nasdaq.com fool.com
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News

Dow Jones News: Apple's 5G iPhone on Track; Coca-Cola Pulls Guidance

KO AAPL

Shares of Apple(NASDAQ: AAPL) have tumbled as the crisis unfolded, but the stock gained on Friday after a report saying the launch of 5G iPhones is still on track. In other Apple news, Bloomberg reported late Thursday that the launch of Apple's widely expected 5G iPhones is still on schedule, despite lingering issues with the supply chain. While production in China is getting back to normal, disruption in other countries could complicate Apple's ability to get new products into customers' hands. Mass production of 5G iPhones isn't scheduled to begin until May, according to Bloomberg's sources, late enough that most of the supply chain problems could be solved by then. If Apple does manage to launch on time, questions remain about demand. If the world is mired in a deep recession later this year, there may be little appetite for pricey gadgets. In an SEC filing, Coca-Cola said that it no longer expects to achieve its previously issued full-year guidance.

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nasdaq.com fool.com
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  • Financial