BottomBounce
2 días hace
Coca-Cola has faced numerous lawsuits, including those alleging deceptive marketing regarding sustainability and plastic pollution, as well as claims of racial discrimination and "channel stuffing".
Here's a more detailed breakdown of some of the key lawsuits:
Sustainability and Plastic Pollution:
Earth Island Institute v. Coca-Cola Co.:
The Earth Island Institute sued Coca-Cola, alleging that the company's marketing misled consumers into thinking that its business is environmentally sustainable, despite Coca-Cola's reliance on single-use plastics and touting recycling as a solution.
Los Angeles County Lawsuit:
Los Angeles County sued Coca-Cola and PepsiCo, alleging that they contributed to plastic pollution and engaged in deceptive marketing practices regarding the recyclability of plastic beverage containers.
Sierra Club Lawsuit:
The Sierra Club filed a lawsuit against Coca-Cola, BlueTriton Brands, and Niagara Bottling for misleading consumers by labeling their plastic bottles as "100% Recyclable".
Greenwashing Lawsuit:
A D.C. Appeals Court ruled that Coca-Cola must face a lawsuit alleging it deceptively marketed the role sustainability plays in its business strategy.
Racial Discrimination:
Coca-Cola Racial Discrimination Lawsuit: A case alleged that Coca-Cola employed racially discriminatory business practices that limited the professional advancement of African-American employees, including claims of a "glass ceiling" and "glass walls".
Other Lawsuits:
"Channel Stuffing" Settlement:
In 2008, Coca-Cola agreed to pay $137.5 million to settle a shareholder lawsuit alleging "channel stuffing," or artificial inflation of Coca-Cola's results.
Coca-Cola Southwest Lawsuit:
Former participants of Coca-Cola Southwest Beverages LLC's 401(k) plan filed a complaint against the soda distributor, alleging a breach of fiduciary duties under the Employee Retirement Income Security Act for offering "underperforming" target-date funds and mismanaging forfeited 401(k) funds.
Caffeine Lawsuit:
In the early 20th century, the government sued Coca-Cola under the 1906 Pure Food and Drug Act, trying to force the company to remove caffeine from its formula, believing that the product was adulterated and misbranded.
Baltimore Sues Coca-Cola and PepsiCo:
The City of Baltimore filed a lawsuit against Coca-Cola and PepsiCo, alleging that the companies' plastic bottles have littered the city and engaged in a disinformation campaign to make consumers falsely believe that purchasing their products in single-use plastic bottles is an environmentally responsible choice. $KO
fung_derf
1 mes hace
Board of Directors of The Coca-Cola Company Approves 63rd Consecutive Annual Dividend Increase
Business Wire1:00 PM (UTC-05:00) Eastern Time (US & Canada) Feb 20, 2025
Board of Directors of The Coca-Cola Company Approves 63rd Consecutive Annual Dividend Increase
The Board of Directors of The Coca-Cola Company today approved the company’s 63rd consecutive annual dividend increase, raising the quarterly dividend approximately 5.2% from 48.5 cents to 51 cents per common share.
The quarterly dividend is equivalent to an annual dividend of $2.04 per share, up from $1.94 per share in 2024. The first quarter dividend is payable April 1 to shareowners of record as of March 14.
The company returned $8.4 billion in dividends to shareowners in 2024, bringing the total amount of dividends paid to shareowners since Jan. 1, 2010, to $93.1 billion.
fung_derf
1 mes hace
Typically I don't watch KO since it's a long term hold anyway, but it seems to be forming a flag formation on the chart. That is odd coming from an old time blue chip. What the heck is going on over there to make this move so quickly?
I see Vanguard Institutional Index is dumping some shares, but that seems necessary considering they have restrictions on percentage they can hold.
I see American Funds American Mutual (AMRMX)has added a lot of shares. They don't have as many restrictions and I notice American Funds owns KO in 9 different funds.
I've had lunch with one of their managers before, and he told me they tend to move shares of companies around within the fund family, but I don't see any of them subtracting. In fact I see they are also adding KO to Washington Mutual (AWSHX) and American Income Fund (AMECX) as well, which may explain the share price jump.
It's a bit funny, everyone talks about how many shares Buffet owns, but there are many elsewhere as well
Coca-Cola Co.
American Mutual Fund® 12,015,055 $748,057,324.00 0.74%
The Income Fund of America® 10,961,694 $682,475,068.00 0.55%
Washington Mutual Investors Fund 10,984,412 $683,889,491.00 0.36%
Capital Income Builder® 1,160,970 $72,281,992.00 0.07%
New World Fund® 711,222 $44,280,682.00 0.07%
American Funds® Global Insight Fund 140,872 $8,770,691.00 0.06%
The Investment Company of America® 1,571,109 $97,817,246.00 0.06%
The Growth Fund of America® 1,903,371 $118,503,878.00 0.04%
New Perspective Fund® 551,961 $34,365,092.00 0.02%
While Buffet owns 400 million shares
fung_derf
1 mes hace
$KO beat the street estimates by 3 cents, and who knows what the whisper numbers were? Crazy to see a value play this large easily move up over 10% in a week. I've owned Coke long enough to know not to get too excited by short term moves, but it seems the next move is to $80. Not very exciting if you're a tech stock, but still awesome. Especially if, as I suspect, they raise the dividend next quarter.....maybe to 52 cents?
fung_derf
1 mes hace
I guess we beat the whisper numbers
Coca-Cola Reports Fourth Quarter and Full Year 2024 Results
Business Wire6:55 AM (UTC-05:00) Eastern Time (US & Canada) Feb 11, 2025
Coca-Cola Reports Fourth Quarter and Full Year 2024 Results
Global Unit Case Volume Grew 2% for the Quarter and 1% for the Full Year
Net Revenues Grew 6% for the Quarter and 3% for the Full Year;
Organic Revenues (Non-GAAP) Grew 14% for the Quarter and 12% for the Full Year
Operating Income Grew 19% for the Quarter and Declined 12% for the Full Year;
Comparable Currency Neutral Operating Income (Non-GAAP) Grew 22% for the Quarter and 16% for the Full Year
Fourth Quarter EPS Grew 12% to $0.51; Comparable EPS (Non-GAAP) Grew 12% to $0.55;
Full Year EPS Declined Slightly to $2.46; Comparable EPS (Non-GAAP) Grew 7% to $2.88
Cash Flow from Operations was $6.8 Billion for the Full Year, Down 41%;
Free Cash Flow (Non-GAAP) was $4.7 Billion for the Full Year, Down 51%;
Free Cash Flow Excluding the IRS Tax Litigation Deposit (Non-GAAP) was $10.8 Billion for the Full Year, Up 11%
Company Provides 2025 Financial Outlook
The Coca-Cola Company today reported fourth quarter and full year 2024 results. “Our all-weather strategy is working, and we continue to demonstrate our ability to lead through dynamic external environments,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “Our global scale, coupled with local-market expertise and the unwavering dedication of our people and our system, uniquely position us to capture the vast opportunities ahead.”
This press release features multimedia. View the full release here: https://www.business...
mr_sano
4 meses hace
“You sound like one of the guys who quit drinking Bud Lite to send a message to the company, so you changed to Busch Light. Investing should NEVER be personal”
Are you numb Fung or just holed up in a nursing home? In the digital age, everything matters and should Coke remain woke, they will ultimately learn the lesson the hard way. I would agree that historically, Coke has been a very good company to own. that’s why i was invested. Right up to the point where they let the Marxists maniacs in the door to dictate corporate policy. That’s a deal breaker in post election 2024. If management moves to clean house of all the BS political nonsense they have engaged in, then perhaps it warrants another look but i see nothing yet….maybe you should go back to just telling everyone how brilliant you are. its a good look for you.