45.96 0.00 (0.00%)
After hours: 4:19PM EDT
|Bid||45.97 x 2900|
|Ask||45.98 x 40000|
|Day's Range||45.87 - 46.10|
|52 Week Range||41.45 - 48.62|
|PE Ratio (TTM)||82.37|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.56 (3.39%)|
|1y Target Est||50.89|
Coca-Cola (KO.N) is moving ahead with plans to take over Nigeria's leading juice company Chi Ltd and aims to complete the deal early next year, a senior executive told Reuters. Last month it agreed to buy Costa coffee for $5.1 billion, and sources familiar with the matter say it is also bidding for GlaxoSmithKline's (GSK.L) Indian Horlicks nutrition business. "We are still on track to complete the acquisition (of Chi Ltd) by the end of the first quarter of 2019," Peter Njonjo, president of Coca-Cola's west Africa business, said on Wednesday.
Coca-Cola is moving ahead with plans to take over Nigeria's leading juice company Chi Ltd and aims to complete the deal early next year, a senior executive told Reuters. Last month it agreed to buy Costa coffee for $5.1 billion, and sources familiar with the matter say it is also bidding for GlaxoSmithKline's Indian Horlicks nutrition business. "We are still on track to complete the acquisition (of Chi Ltd) by the end of the first quarter of 2019," Peter Njonjo, president of Coca-Cola's west Africa business, said on Wednesday.
Many investors have heard of dividend aristocrats, stocks which have increased dividends for at least 25 straight years. Dividend kings tend not to generate the publicity of more popular stocks. Many of these stocks also maintain a dividend yield above the S&P average of 1.9%.
If steep tariffs on goods imported into the United States are only part of a negotiating tactic from President Donald Trump, he certainly has committed to his bluff. Trump's tariffs - the first of which went into effect in early July and prompted an immediate, equivalent response from America's trade partners, including China - have been left in place long enough to start taking a measurable toll on American bottom lines. Most consumers and even most investors have yet to see or feel their impact. Despite the relatively civil trade war thus far, the global economy is robust, driving overall corporate earnings upward. Workers are enjoying their recent pay raises. Time is working against certain businesses, however. The ripple effect stemming from the initial victims' struggle could take weeks if not months to be fully felt on other fronts. And new tariffs are being imposed. It will take weeks and/or months to feel their full impact as well, even as those outfits start to feel the early ripples. Still, more than a few major publicly traded stocks have already taken hits related to Trump's tariffs (and other countries' retaliatory measures). Here are 10 companies that already have run into trade-war headwinds. SEE ALSO: The Best and Worst Presidents (According to the Stock Market)
Lately, Coca-Cola (KO) has been aggressively making acquisitions. After announcing the $5.1 billion acquisition of Costa in August and the purchase of a minority stake in BodyArmor, Coca-Cola announced the acquisition of kombucha maker Organic & Raw Trading on September 18.
Curtis Ferguson, Coca-Cola's president for Greater China and Korea, said communication is only way to defuse the standoff between the United States and China. The U.S. drink maker is trying to boost its market share in China. The Chinese head of one of the world's most iconic brands has doled out some advice to Donald Trump on defusing his trade spat with Xi Jinping : Make like Chinese businessmen and exchange WeChat accounts.
Curt Ferguson, greater China and Korea president at Coca-Cola Company, discusses how the trade war between the U.S. and China is impacting his business, new products launching in China, the taste of Chinese consumers, and his outlook for the company.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Brussels threatens legal action against UK over customs ...
** Coca-Cola Co said it bought Australia-based Organic & Raw Trading Co, known for its Mojo brand of kombucha tea, extending its push into healthier drinks. ** Nestle, Unilever, and Coca-Cola are among bidders for GlaxoSmithKline's Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said. ** U.S.-based recreational vehicle maker Thor Industries has agreed to buy German family-owned peer Erwin Hymer Group in a deal valuing the company at 2.1 billion euros ($2.45 billion)including debt, Thor said.
Coke has been on a deal spree, ranging from a $5.1 billion (3.88 billion pounds) acquisition of coffee chain Costa to a minority stake in a Kobe Bryant-backed sports drink brand BodyArmor last month. The soda maker also said on Monday it was closely watching the fast-growing marijuana drinks market for a possible entry. The latest deal, the terms for which were not disclosed, will allow Coca-Cola to add Mojo brands to its portfolio of 165 products and 25 brands across Australia.
By Martinne Geller, Pamela Barbaglia and Ben Hirschler LONDON (Reuters) - Nestle, Unilever and Coca-Cola are among bidders for GlaxoSmithKline's Indian Horlicks nutrition business, expected to fetch more ...
Just look at the deal Canopy Growth Corp (NYSE: CGC) landed with Constellation Brands (NYSE: STZ) just two months ago. That deal, which had Constellation Brands pony up $4 billion for a piece of Canopy, launched a huge run on cannabis stocks. While Canopy Growth Corporation shot up nearly 30 percent on the news, we saw roughly a half dozen other cannabis stocks tack on double-digits gains too. The Coca-Cola Co (NYSE: KO) said it was closely watching the cannabis-infused drinks market, Reuters reported Monday.
denied reports that it was in talks with a beverage company to produce cannabis-infused drinks. Aurora said earlier Tuesday it wouldn't comment on speculative news reports, but was pushed to comment by the Investment Industry Regulatory Organization of Canada. Reports said Aurora Cannabis was in talks with Coca-Cola Co.
Despite assurances from Canadian marijuana producer Aurora Cannabis that it does not have any formal agreement to partner with a beverage company, its stock rallied Tuesday after it said it talks with drink companies on occasion.
Coca-Cola is talking another major step away from its core soda line and toward healthier options, adding a kombucha brand to its portfolio. The Coca-Cola Co. (NYSE: KO) said Tuesday it bought Australian kombucha maker Organic & Raw Trading Co., which makes the MOJO brand of naturally fermented, live culture, organic kombucha drinks. MOJO kombucha — which is sold at local health food stores, organic markets and supermarkets including Costco in Australia – is made from naturally fermented tea.
Coca-Cola announced its interest in a statement on Monday, responding to a report from BNN Bloomberg that said it was in talks with Canada's Aurora Cannabis Inc to develop drinks infused with cannabidiol (CBD), the non-psychoactive chemical found in marijuana. Coke would join a rush by major alcohol makers and a cigarette company to test the cannabis market and find partners ahead of the Oct. 17 launch of legal recreational marijuana in Canada.
Aurora Cannabis Inc. said Tuesday, in response to a regulator's request for comment regarding media reports, that it currently had "no agreement, understanding or arrangement" with respect to a partnership with a beverage company. The stock rallied 5.3% in morning trade. On Monday, the stock soared 18% after a report that Coca-Cola Co. had been in talks with the company. Coke had declined to comment, but confirmed it was closely watching the growth of non-psychoactive CBD as an ingredient in beverages. On Tuesday, Aurora said its policy is not to comment on speculative media reports, but the Investment Industry Regulatory Organization of Canada (IIROC) requested a comment. Aurora's U.S.-listed shares have run up 18% over the past three months, while Coke shares have gained 6.1% and the Dow Jones Industrial Average has tacked on 4.6%.
(Reuters) - Aurora Cannabis Inc (ACB.TO) said on Tuesday it had not partnered with any beverage company, responding to a media report that Coca-Cola Co (KO.N) was in talks with the Canadian weed producer ...
Sep.19 -- Curt Ferguson, greater China and Korea president at Coca-Cola Company, discusses how the trade war between the U.S. and China is impacting his business, new products launching in China, the taste of Chinese consumers, and his outlook for the company. He speaks on "Bloomberg Markets: China Open."
Coca-Cola's president for Greater China & Korea, Curtis Ferguson, shares his business advice for the Presidents of the world's two largest economies.
Looks like Coca-Cola might be next in line to capitalize on some of the medicinal benefits of marijuana. Although the beverage company maintains it has no interest in marijuana or cannabis, it is closely watching the progress of the non-psychoactive compound found in marijuana, CBD, and is reportedly in talks with Canadian marijuana producer Aurora Cannabis.