|Bid||59.90 x 900|
|Ask||60.29 x 3100|
|Day's Range||59.43 - 60.13|
|52 Week Range||44.42 - 60.13|
|Beta (5Y Monthly)||0.39|
|PE Ratio (TTM)||29.05|
|Earnings Date||Apr 20, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||1.60 (2.68%)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||63.50|
Shares of cruise line operators fell on Friday after the U.S. Department of State said Thursday that U.S. citizens should “reconsider” traveling on cruise ships to or within Asia over concerns about COVID-19, the novel coronavirus has sickened more than 76,000 people worldwide.
Anne Gronek-Gibbs modified electronic versions of quotes, purchase orders, and invoices from vendors which she then submitted to Coca-Cola for payment.
Lululemon Athletica Inc (NASDAQ: LULU) said Friday that its 38 Chinese stores have been closed since Feb. 3 due to the COVID-19 virus outbreak in the country. Lululemon said it is continuing to monitor the evolving situation with the new coronavirus, and added that its online business has continued to operate. Lululemon said it it will offer updates on the financial and operational impact from the coronavirus impact on its fourth-quarter call in late March.
Beyond spurring global uncertainty, the coronavirus outbreak has hit a number of U.S. companies with operations in China.
Coca-Cola (KO) gives investors another reason to cheer by raising its dividend for the 58th consecutive quarter. Its innovation and investment strategy place it well in the beverage industry.
Benzinga Pro's Stocks To Watch For Friday Pepsi (PEP) - Pepsi shares were quiet Friday morning amid a warning from Coca-Cola (KO) related to the coronavirus outbreak. While Coke reaffirmed its FY20 ...
Coca-Cola expects the coronavirus outbreak in China to trim first-quarter earnings by 1 cent to 2 cents a share. It also is raising its quarterly dividend
The Coca-Cola Company said it's raising its dividend by 2.5% to 41 cents a share, payable April 1 to shareholders of record on March 16. Coca-Cola said it's still expecting to reach its full-year guidance as it said the Covid-19 will weigh on first-quarter results. Coca-Cola said it currently estimates an approximate 2- to 3-point impact to unit case volume, 1- to 2-point impact to organic revenue and 1- to 2-penny impact to earnings per share for the first quarter. China ranks as the third-largest market in the world in terms of unit case volume.
The Coca-Cola Company – which is presenting today at the Consumer Analyst Group of New York (CAGNY) Conference – is reaffirming its full year guidance in connection with the presentation, along with sharing the expected impact from COVID-19 on first quarter 2020 results.
The Board of Directors of The Coca-Cola Company today approved the company’s 58th consecutive annual dividend increase, raising the quarterly dividend 2.5 percent from 40 cents to 41 cents per common share.
U.S. Secretary of State Mike Pompeo took a veiled swipe at China during a speech to Ethiopian business leaders on Wednesday, in an apparent amplification of U.S. criticism that Chinese lending for big infrastructure projects pushes poor countries into debt. The Trump administration is seeking to counter significant Chinese influence on the continent with its new Prosper Africa trade and investment strategy and a newly established development financier, the U.S. International Development Finance Corporation. Analysts say the latter is Washington's attempt at an alternative to Beijing's sweeping Belt and Road initiative, which seeks to link China by sea and land with Southeast and Central Asia, the Middle East and Africa.
Coke is seen as a safe investment with a 3.74% dividend yield, but an elevated stochastic reading sets the stage for near-term profit taking.
Executives with The Coca-Cola Company, Mailchimp, Tegna Media and The Honey Baked Ham Company will discuss how marketing is changing across various industries.
Bitcoin has tiptoed back above $10,000, from $4,000 a year ago, and I have two questions. Last spring, I wrote that conditions are perfect for a flight to nonsense, with growth scarce and the Federal Reserve again cutting interest rates, and that Bitcoin would be the bellwether. U.S. stock indexes have shot higher since then, which I wouldn’t call a bubble or meltup just yet.
(Bloomberg) -- As Asia-Pacific president of Dow Chemical Co., one of the world’s biggest producers of plastics and chemicals, Jon Penrice has 100 billion reasons to recycle.“About 8 million tons of plastics are going into the ocean annually,” he said in an interview. “If you look at plastic packaging, around 95% is not being recycled each year which is $100 billion worth of plastic, and that’s valuable for entrepreneurs.”At the center of the effort is Asia, which consumes almost half of the world’s plastic packaging, according to BloombergNEF, and imports even more waste from the U.S. and Europe. Solutions -- such as Indian vending machines that turn plastic bottles into polyester, and researchers in Singapore who are working out ways to clean up oil spills using the waste -- will be needed to meet demand for recycled plastics that’s forecast to rise faster than supply.The biggest challenge to the transition is to make recycled plastics at a price and quality that are competitive. Virgin plastic is derived from crude oil and is closely linked to the global oil price. Because the cost of recycled plastic is more stable, it becomes relatively more expensive when crude prices fall.See also: China Upended the Politics of Plastic and the World Is Still ReelingThe complexity of sorting different types of plastic is another hurdle, according to Penrice, as well as dealing with waste at source rather than producing a lot of carbon emissions by sending it half way around the world.An estimated $80 billion-$120 billion of value is lost because of packaging that goes into the environment, said Navneet Chadha, principal operations officer at the World Bank’s International Finance Corp., which helps fund private sector investment in developing countries. “We have to think of used plastic as a resource, not as a waste.”See also: World Seen Struggling to Recycle Even 50% of Its Plastic WasteBut Chadha cautioned that standards for recycled products need to be developed to avoid “unintended consequences”. Using plastic in road construction, for example, needs to be evaluated further as microplastics may be generated as the road decays, he said.Here are some of the ways plastic is being recycled in Asia:Traditional RecyclingPlastic waste is traditionally reused by collecting and sorting refuse and then melting it, a process known as mechanical recycling. Part of the problem is that a lot of garbage is tainted with food or chemicals and can’t cheaply be turned into high quality raw materials.“The biggest challenge is quality of recycled plastic,” said Jean-Marc Boursier, chief operating officer of SUEZ Group, one of the world’s largest recycling companies. “Major consumer goods companies like Danone, Pepsi or Coca Cola will not buy recycled plastic unless they are convinced that the quality is as good as virgin plastic.”SUEZ has nine plants globally that can turn a combined 500,000 tons of waste plastic into 150,000 tons of polymers, used to make shampoo bottles, car interiors and other products. The company is opening its first Asian plastic recycling plant this year in Thailand.Boursier suggests pricing the carbon savings into the recycled plastic price to take into account the environmental benefit.AerogelsA team of researchers at the National University of Singapore has developed a way to convert low-value plastic waste into aerogels -- ultra-light materials used in everything from diaper fillings to cleaning up oil spills.Around eight average plastic water bottles produce a square meter sheet of aerogel using the method, said Duong Hai Minh, an associate professor at the university who worked on the project. The researchers have sold commercial production rights to firms including Bronxculture in Singapore and DPN Aerogel JSC in Vietnam, he said.“People throw away plastic because there they don’t see any value,” Minh said. “As long as we can make it valuable, everyone will keep it and sell it.”HighwaysUsing plastic waste to build roads is gaining in popularity, not least because all types of plastic including difficult-to-recycle multilayered packaging and flexible films and coatings used to wrap chocolates and for food deliveries can be used. Dow Chemical and India’s Reliance Industries Ltd. have developed technologies that use this plastic as a binder, replacing some of the bitumen.The Mukesh Ambani-led company has built 40 kilometers of road at its refineries using plastic that can’t otherwise be recycled, and is in talks with National Highways Authority of India and other road builders about using the technology more widely, said Vipul Shah, chief operating officer for the petrochemicals business.Meanwhile Indian Oil Corp., the country’s biggest refiner, is trying to get the government to make the blending of non-recyclable plastics in road-laying mandatory, said S.S.V. Ramakumar, director of research and development.In the Philippines, San Miguel Corp. laid down its first road combining plastic scraps with asphalt last year, using surface material developed with Dow. The chemicals giant has also helped build plastic-based roads in India, Indonesia, Vietnam and the U.S., according to Dow’s Penrice.See also: The Philippines Is Making Roads and Cement With Plastic Garbage“It’s relatively simple from the technology point of view: you shred the plastic waste, some sorting and selection and then you feed it into the existing asphalt machinery,” he said. “Approximately 100 tons of plastic waste can be recycled into a 40-kilometer stretch of road.”TextilesShredding plastic bottles to produce polyester for clothing is another technology that’s gaining traction in Asia. Reliance has set up reverse-vending machines that collect used bottles in exchange for discount coupons that can be redeemed at its company stores.The company, India’s largest petrochemicals manufacturer, can recycle around 2 billion plastic bottles a year, or 33,000 tons, according to Shah. Capacity will be doubled over the next 18 months, he said.BricksSome non-government organizations and companies are looking at ways to use waste plastic to make bricks and other construction materials. The Global Ecobrick Alliance is promoting use of a block tightly crammed with plastic and other recyclables. Qube, an India-based start-up, has developed a brick made entirely of plastic waste. Called the PlastiQube, it’s cheaper and uses less energy to produce than conventional counterparts, according to the company’s website.Chemical RecyclingBreaking down waste plastic into a basic feedstock like naphtha -- a process called pyrolysis -- can reprocess dirty, contaminated plastics like detergent drums and mixed polymers that can’t be dealt with through mechanical recycling.Pyrolysis will provide around 17% of the 19 million tons of plastics recycling capacity required by 2030 in major economies, according to BloombergNEF. Dow will source oil feedstock made using pyrolysis from Dutch company Fuenix Ecogy Group, while Royal Dutch Shell PLC and Total SA have partnered with start-ups to increase use of the technology.“Mechanical recycling will continue to be cheaper,” said Boursier at SUEZ, which is setting up a pyrolysis pilot project in Bristol in the U.K. “But for complex or polluted plastic, chemical recycling will be the future.”(Company corrects second paragraph to show $100 billion is the value of all plastic packaging that’s not being recycled)To contact the reporters on this story: Saket Sundria in Singapore at firstname.lastname@example.org;Debjit Chakraborty in New Delhi at email@example.comTo contact the editors responsible for this story: Serene Cheong at firstname.lastname@example.org, Andrew Janes, Adam MajendieFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
PepsiCo CFO Hugh Johnston discusses with Yahoo Finance how the coronavirus has impacted results in China for the beverage and snacks giant.
The Centers for Disease Control and Prevention is preparing for the new coronavirus to “take a foothold in the U.S." and is now requiring airlines to assist in some data collection of passengers.
Deval Patrick's uneven run for the White House is over — less than three months after it officially began. Patrick, the former Coca-Cola exec and governor of Massachusetts, announced today he has suspended his campaign, according to CNN. Patrick received .4% of the votes (1,250 ) in this week's New Hampshire Primary.