Last quote about Coca-Cola
All quotes about Coca-Cola
Basically, you're becoming a branding company and selling a little syrup on the side.
There's some noise out there.
We upped the marketing investment, we improved execution, we transformed the bottling system – refranchising it – and I think the whole team has pulled that together. We, globally, have been driving Coca-Cola Zero Sugar with graphic changes, with formula changes and that's starting to build global momentum. There's a future for no calorie.
But I think the most important thing is to look through all that and look at the core underlying business – the business that's going to be left once we finish this transformation. It grew revenue in the full year 2016, 4 percent. It grew profit before tax, even with a higher interest charge, 8 percent. So we're seeing a strong, robust... business being created from this transformation...that's the business we see emerging into the future.
Investors like to see Coke asset-light.
I'm one quarter Coca-Cola. If I eat 2700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
If you believe that the Trump rally has truly gotten off track, than Coca-Cola is exactly the kind of stock you should be buying.
We don't believe KO will be immune from the staples rotation underway. We see limited upside potential to KO stock in 2017 given increased earnings pressure due to significant macro/structural headwinds ... and we see little reason for investors to continue to reward KO with multiple expansion.
We still like several Consumer Staples companies, including KO [Coca-Cola] and PG [Procter & Gamble]. Consumer staples stocks actually have a slightly less foreign revenues than the broader S&P 500 index, with a little more [than] 35% of sales coming from outside the US.
I mean, there's 12 companies that need to increase double digits in order to get back to where they were. Why do we keep asking Goldman to do so much? First of all, they don't even have Gary Cohn anymore. They don't even have a repeal of the Volcker Rule yet.
Because interest rates are down big today. So, that's going to put pressure on the banks. If we're trying to get to Dow 20,000, you may see on the tape in the bottom a lot of good things, but you lose Procter, you close Coca-Cola and you lose Goldman Sachs and you lose JPMorgan, you're not going to get where you need to go.
KO's sales growth is also likely to again be sub-par in 2017, as we see its organic sales growth continuing to lag the global non-alcoholic beverage category given a portfolio mix that still skews to slower-growth categories. We expect KO to be a relative underperformer in staples again in 2017 based on downside risk we see to consensus estimates on refranchising/FX headwind to EPS.
The notion that Coke's products can be part of a healthy diet is imprinted on the minds of millions if not billions of people, and requires corrective action, . PepsiCo "is not promoting itself as a voice of science, or misrepresenting the harms of sugary beverages the way Coca-Cola is.
Nike's management is some of the best. I think it's an oligopoly with they and Adidas. I think they will win again after really falling behind over the last couple months.
It isn't quite the oligopoly that it once was. The Under Armours of the world sort of coming in and eating their lunch sometimes, that's part of it.
Now it's starting to march higher.
So my trade is buying the KO – otherwise known on the trading floor as 'Knockout' – May 44/45 bull call spread.
I think it's a good reward-to-risk setup using that unusual options activity, also using that reward-to-risk setup in the option market.
Consumer staples as an indiscriminate, yield enhancing asset class propped up by index funds is still long in the tooth, especially if, as we expect, outsized passive investments in the group head to perceived greener growth pastures better aligned with an improving U.S. macro environment.
People really like him [James Quincey] within the organization. He's created a very collaborative culture.
The company is working towards a 100 percent refranchised bottling model in North America while refranchising to key anchor bottlers internationally as well, as it seeks to become a more nimble, profitable and less capital intensive operation.
Over his [Kent's] tenure you've seen a real secular shift away from carbonated soft drinks, and that's had a huge impact on Coke. The ability to recognize that and invest internationally, invest in non-carbonated brands and understand the nuances of each market… have been hallmarks for his tenure.
The transition in leadership at the company in 2017 will conclude a busy period of transition in Coca-Cola's overall business. The company is working towards a 100 percent refranchised bottling model in North America while refranchising to key anchor bottlers internationally as well, as it seeks to become a more nimble, profitable and less capital intensive operation.
The challenge for the next leadership team at the company will be ensuring continued sales growth in this new consumer environment.
James Quincey is the right person to lead Coke into the future. He will bring a refreshing approach to running the business. Moreover, we tend to believe that given James' background and significant deal experience, he could accelerate Coke's growth even further through stepped-up acquisitions over the next several years.
If you go back in history, usually there's a CEO who gets fired and they have to bring in a new CEO. In this case, you're seeing a much smoother transition.
As Chairman and CEO, Muhtar has been an excellent steward of Coca-Cola's business over the last eight years and I am thankful for the leadership he has provided to put in place the right vision, strategy and thoughtful succession plan for long-term success. I know James and like him, and believe the company has made a smart investment in its future with his selection.
The iPhone didn't exist when Muhtar became CEO.
This shows that we don't discriminate against any foreign investments.
As this happens, we will become more active in M&A. With regards to geographic expansion, we have said that it's something we would consider subject to any expansion being in line with our growth aspirations and financially sound.
We continued to see solid revenue results in our developed markets with 2 percent unit case volume growth and a continued focus on price realization. The United States, Japan and Western Europe delivered standout performance underpinned by innovation and world-class marketing. Globally, we gained nonalcoholic ready-to-drink value share for the 37th consecutive quarter and are on track to deliver our financial commitments for the full year.
The United States, Japan and Western Europe delivered standout performance underpinned by innovation and world-class marketing. Globally, we gained nonalcoholic ready-to-drink value share for the 37th consecutive quarter and are on track to deliver our financial commitments for the full year.
These are really powerful medical groups. The fact that they're accepting money from soda companies may influence doctors and policy.
Although soda companies say they're beneficent, this study shows what they really care about is improving profit – not public health.
I understand exactly why all these organizations take money. In public health, I'm not selling anything. There's no way to make money unless people fund that work.
The health organizations themselves have a duty to stop accepting this money.
Lots of us were unhappy about our organization taking soda industry money.
The diabetes organizations were really surprising because of the established link between soda and diabetes.
Health and medical organizations would naturally be expected to promote policies that reduce soda consumption. However, it has been documented that a number of health organizations have retreated from this responsibility by withdrawing from public debate on policies to reduce soda consumption, opposing soda legislation, or actually collaborating with soda companies to produce joint educational materials.
From 2011 to 2015, the Coca-Cola Company and PepsiCo were found to sponsor a total of 96 national health organizations, including many medical and public health institutions whose specific missions include fighting the obesity epidemic. During the study period, these two soda companies lobbied against 29 public health bills intended to reduce soda consumption or improve nutrition.
During the study period, these two soda companies lobbied against 29 public health bills intended to reduce soda consumption or improve nutrition.
By accepting funding from these companies, health organizations are inadvertently participating in their marketing plans. Now, most organizations refuse tobacco money. Perhaps soda companies should be treated similarly.
Food company sponsorship, whether or not intentionally manipulative, undermines public trust in nutrition science, contributes to public confusion about what to eat, and compromises dietary guidelines in ways that are not in the best interest of public health.
Food company sponsorship, whether or not intentionally manipulative, undermines public trust in nutrition science, contributes to public confusion about what to eat.
They know they're potentially next on the menu and the idea of them having a potential hostile acquirer as your key partner in Africa is not something I think will sit well with Coca-Cola. So even if they weren't a potential acquirer ... that in itself would sit uneasily.
We do forecast an improvement (in the back half). This improvement reflects one more selling day and additional initiatives we have focusing on very strong marketing calendars.
While there are justified growth concerns related to the fallen BRICs [Brazil, Russia, India and China], especially China (but modestly offset by Indian strength), we continue to believe Coke is building a much better mouse trap more closely aligned with the realities of consumption drivers in the different markets where it competes, even if it isn't readily apparent in recently reported results.
Out of Brexit, our focus is really on ensuring that we keep Scotch whisky healthy. The trade agreements in Europe and around the world. You know, Johnnie Walker (Diageo's leading brand of whisky) was in over 100 markets, long before Coca Cola left the shores of America.
Strong performance in some of our largest and most developed markets, including the United States, Mexico and Japan, was offset by difficult external conditions in many of our emerging and developing markets, including China and Argentina.
Whoever invented the Coca-Cola formula has long since passed this Earth, but the brand keeps selling because people like the taste. I think that's how it's going to be with Roger Ailes. He invented this winning formula and all you have to do is not mess with it too much and it will continue to mint money for you.
The other story about this is this is a stock that's now a yield stock. So we see it similar to Coca-Cola, Philip Morris, Procter & Gamble. Those stocks all have a 3 percent dividend yield. Microsoft now pays a 2.5 percent dividend and it trades roughly at a 26 P/E.
I can't help but think of how Donald Trump reminds me of a fifth-grader running for president of his class, promising to put Coca-Cola in the water fountains. It may get attention, but it's never going to materialize.
There may be competing bids in the coming weeks. Companies such as Coca-Cola, PepsiCo, General Mills, Campbell Soup and Kellogg "have all been rumored to have been interested in purchasing WhiteWave.
Products containing GMO ingredients will have the required language printed on the label or, in some cases, on stickers.
The regulator's been softer on the deal. It's not a done deal, but it's more doable now ... it's going in the right direction in favour of the merger.
If earnings continue to surprise on the upside, you could see people ... join the rally and that money from the sidelines will move into the market.
In the United States, in particular, we have a price-pack architecture strategy promoting the mini cans and the 8-ounce glass bottles. the strategy was doing well in the region.
When you have the recouping of all of the losses from a prior bear market, which is what the S&P 500 did back on May 30th of this year, I think going forward it adds confirmation that this bull market is alive and well.
Brands like Apple and Google and Samsung are changing our behavior: how we buy, how we communicate with each other, even whether we speak with each other. They have literally changed the way we live our lives.
There is no link to cancer in humans. The dose consumed each day is extremely small, so that's why there's no risk.
Even the amount of 4-methylimidazole that remains in California colas exceeds the amount that the FDA considers acceptable. We've urged the FDA to take action and get this caramel colouring off the market.