We continue to use the levers at our disposal from revenue growth management to some of the productivity measures listed here to manage cost pressures to the best of our ability. We remain focused on margin expansion across our lines of business. At The Coca-Cola Company, our strengths give us confidence in our ability to deliver long-term, sustainable shareowner value.
Pemberton sold his formula and brand in 1889 to Asa Griggs Candler who then embarked on a nationwide advertising campaign. By 1895 Coca-Cola was being sold in every state in the union and it wouldn’t be long before the beverage was being enjoyed worldwide. By 1889 the company was operating under a franchised distribution system that is still in effect today.
This leverage gauge is used to calculate the ownership in a company versus the amount of money due to creditors, and it’s determined by finding the quotient of total liabilities divided by shareholders’ equity. In Q3 2022, Coca-Cola had a debt-to-equity ratio of 2.78, down from 2.795 in 2021. Shareholders’ equity (or owners’ equity for privately held companies) represents the amount of money that would be returned to a company’s stockholders if all assets were liquidated. Representing shareholders’ ownership in a company, the amount of equity invested in a business is found by calculating the sum of retained earnings and common stock minus the number of treasury shares.
- We will continue to focus on strong free cash flow generation through working capital management and optimal levels of capital investment.
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- Coca-Cola (KO 2.50%) has some of the greatest brand prestige in the world.
- Keep reading to find out more about the company’s business model, its financial achievements, as well as its business segments.
But, it is very much a continuous process and we know there are still opportunities ahead for us to reach. We will continue to focus on strong free cash flow generation through working capital management and optimal levels of capital investment. Despite this debt, Coca-Cola’s ability to pay off its current liabilities has actually increased. Coca-Cola’s current ratio (a comparison of a company’s current assets to its current liabilities) is 1.12, which is generally considered normal for the industry.
Insiders & Institutions
Industry-specific and extensively researched technical data (partially from exclusive partnerships). Coca-Cola began selling in South Korea in 1970 under the Doosan Beverage company, part of the larger Doosan conglomerate. Coca-Cola opened one of its first bottling plants in Cuba avatrade broker in 1906, but pulled production in 1962 because of a trade embargo, not long after Fidel Castro took over the country. Margins are not dictated necessarily by the category in which you play in, but more by how you choose to play and your leadership position within a category.
Debt
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Coca-Cola (NYSE:KO) Insider Buying and Selling Activity
The stock also has a significant market capitalization that ensures its stability in the market. Coca Cola is one of the leading companies producing carbonated soft drinks. They leverage a unique franchise distribution system that provides them with rapid expansion. The company reported consolidated net operating revenue of $10.98 billion for the quarter.
Coca-Cola’s stock is owned by a number of retail and institutional investors. Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Coca-Cola FEMSA and Molson Coors Brewing as they could maintain their solid performance. On the other hand, Molson Coors Brewing belongs to the Beverages – Alcohol industry. The Zacks Consensus Estimate for KOF’s full-year earnings has moved 0.6% higher within the past quarter.
The consensus among Wall Street analysts is that investors should “moderate buy” KO shares. For example, Fairlife volumes increased by double-digit percentages annually for the past eight years. Coca-Cola identifies acquisition targets that will diversify its portfolio of brands and allow it to reach more customers in regions where people are looking for different kinds of beverages. The company can usually absorb new brands with high efficiency by leveraging its vast, unmatched distribution network. Coca-Cola reported an 8% year-over-year sales increase in 2023’s third quarter, but its unit case volume was only up 2%.
This business segment is made up of both company-owned or controlled operations in both sales and distribution. This includes the sale of sparkling beverages and nonalcoholic drinks to retailers. They are also sold to distributors and wholesalers who, in turn, sell them to retailers.
We believe we can grow our portfolio offerings while expanding margins through disciplined portfolio growth. “We delivered an overall solid quarter and are raising our full-year top-line and bottom-line guidance in light of our year-to-date performance,” said James Quincey, Coca-Cola Company’s chairman and CEO. Enter your email address below to receive a concise daily summary of insider buying activity, insider selling activity and changes in hedge fund holdings. View scheduled upcoming and historical dividends by Ex-Dividend Date, Amount, Frequency, Payment Date, Record Date and Announcement Date. Please log in to your account or sign up in order to add this asset to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
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Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Looking more specifically, Coca-Cola FEMSA belongs to the Beverages – Soft drinks industry, which includes 16 individual stocks and currently sits at #89 in the Zacks Industry Rank.
