Company profile

Ticker
KO
Exchange
CEO
James Quincey
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
580628465

KO stock data

(
)

Calendar

24 Apr 20
15 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 8.6B 9.07B 9.51B 10B
Net income 2.78B 2.04B 2.59B 2.61B
Diluted EPS 0.64 0.47 0.6 0.61
Net profit margin 32.26% 22.52% 27.27% 26.08%
Operating income 2.38B 2.16B 2.5B 2.99B
Net change in cash 7.08B -1.05B 800M 883M
Cash on hand 13.56B 6.48B 7.53B 6.73B
Cost of revenue 3.37B 3.57B 3.77B 3.92B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 37.27B 34.3B 36.21B 41.86B
Net income 8.92B 6.43B 1.25B 6.53B
Diluted EPS 2.07 1.5 0.29 1.49
Net profit margin 23.94% 18.76% 3.45% 15.59%
Operating income 10.09B 9.15B 7.76B 8.66B
Net change in cash -2.6B 2.98B -2.45B 1.25B
Cash on hand 6.48B 9.08B 6.1B 8.56B
Cost of revenue 14.62B 13.07B 13.72B 16.47B

Financial data from Coca Cola earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
6 May 20 Weinberg David B Common Stock, $.25 Par Value Sell Dispose S No 45.164 75,000 3.39M 652,930
5 May 20 Weinberg David B Common Stock, $.25 Par Value Sell Dispose S No 46.0351 175,000 8.06M 727,930
4 May 20 Weinberg David B Common Stock, $.25 Par Value Sell Dispose S No 45.0524 250,000 11.26M 902,930
4 May 20 Nancy Quan Common Stock, $.25 Par Value Sell Dispose S No 44.7426 20,000 894.85K 180,279
4 May 20 Nancy Quan Common Stock, $.25 Par Value Option exercise Aquire M No 31.9975 20,000 639.95K 200,279
4 May 20 Nancy Quan Employee Stock Option Common Stock, $.25 Par Value Option exercise Dispose M No 31.9975 20,000 639.95K 2,102
1 May 20 Nancy Quan Common Stock, $.25 Par Value Option exercise Aquire M No 31.9975 10,000 319.98K 190,279
1 May 20 Nancy Quan Common Stock, $.25 Par Value Sell Dispose S No 45.4509 10,000 454.51K 180,279
1 May 20 Nancy Quan Employee Stock Option Common Stock, $.25 Par Value Option exercise Dispose M No 31.9975 10,000 319.98K 22,102
27 Apr 20 Chang Lisa Common Stock, $.25 Par Value Buy Aquire P No 46.605 1,650 76.9K 7,476
67.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2178 2244 -2.9%
Opened positions 136 259 -47.5%
Closed positions 202 94 +114.9%
Increased positions 890 845 +5.3%
Reduced positions 877 821 +6.8%
13F shares
Current Prev Q Change
Total value 1.25T 1.32T -5.4%
Total shares 2.89B 2.95B -1.8%
Total puts 20.91M 17.27M +21.1%
Total calls 24.62M 22.29M +10.5%
Total put/call ratio 0.8 0.8 +9.6%
Largest owners
Shares Value Change
BRK.A Berkshire Hathaway 400M $17.7B 0.0%
Vanguard 327.2M $14.48B +3.1%
BLK BlackRock 279.34M $12.36B +1.9%
STT State Street 183.31M $8.19B +1.0%
Wellington Management 102.69M $4.54B +11.2%
JPM JPMorgan Chase & Co. 58.67M $2.6B -6.2%
FMR 55.57M $2.46B -0.3%
Geode Capital Management 54.11M $2.39B +2.2%
NTRS Northern Trust 49.82M $2.2B -1.3%
MS^L Morgan Stanley 48.49M $2.15B -4.5%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -36.26M EXIT
Capital International Investors 27.84M -28.03M -50.2%
Loomis Sayles & Co L P 28.09K -20.53M -99.9%
Capital Research Global Investors 44.08M -14.68M -25.0%
Lazard Asset Management 18.08M -11.46M -38.8%
Wellington Management 102.69M +10.31M +11.2%
Vanguard 327.2M +9.93M +3.1%
Arrowstreet Capital, Limited Partnership 9.81M +9.81M NEW
Charles Schwab Investment Management 33.9M +7.47M +28.3%
FRLG Goldman Sachs 16.76M -6.08M -26.6%

Financial report summary

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Risks
  • Obesity and other health-related concerns may reduce demand for some of our products.
  • If we do not address evolving consumer product and shopping preferences, our business could suffer.
  • Increased competition could hurt our business.
  • Water scarcity and poor quality could negatively impact the Coca-Cola system's costs and capacity.
  • Increased demand for food products and decreased agricultural productivity may negatively affect our business.
  • Product safety and quality concerns could negatively affect our business.
  • Public debate and concern about perceived negative health consequences of certain ingredients, such as non-nutritive sweeteners and biotechnology-derived substances, and of other substances present in our beverage products or packaging materials, may reduce demand for our beverage products.
  • If we are not successful in our innovation activities, our financial results may be negatively affected.
  • If we are unable to protect our information systems against service interruption, misappropriation of data or breaches of security, our operations could be disrupted, we may suffer financial losses and our reputation may be damaged.
  • If we fail to comply with personal data protection and privacy laws, we could be subject to adverse publicity, government enforcement actions and/or private litigation, which could negatively affect our business and operating results.
  • If we are not successful in our efforts to digitize the Coca-Cola system, our financial performance will be negatively affected.
  • Changes in the retail landscape or the loss of key retail or foodservice customers could adversely affect our financial performance.
  • If we are unable to expand our operations in emerging and developing markets, our growth rate could be negatively affected.
  • Fluctuations in foreign currency exchange rates could have a material adverse effect on our financial results.
  • If interest rates increase, our net income could be negatively affected.
  • We rely on our bottling partners for a significant portion of our business. If we are unable to maintain good relationships with our bottling partners, our business could suffer.
  • If our bottling partners' financial condition deteriorates, our business and financial results could be affected.
  • Increases in income tax rates, changes in income tax laws or unfavorable resolution of tax matters could have a material adverse impact on our financial results.
  • Increased or new indirect taxes in the United States and throughout the world could negatively affect our business.
  • If we do not successfully manage the possible negative consequences of our productivity initiatives, our business operations could be adversely affected.
  • If we are unable to attract or retain a highly skilled and diverse workforce, our business could be negatively affected.
  • Increase in the cost, disruption of supply or shortage of energy or fuel could affect our profitability.
  • Increase in the cost, disruption of supply or shortage of ingredients, other raw materials, packaging materials, aluminum cans and other containers could harm our business.
  • Increasing concerns about the environmental impact of plastic bottles and other plastic packaging materials could result in reduced demand for our beverage products and increased production and distribution costs.
  • Changes in laws and regulations relating to beverage containers and packaging could increase our costs and reduce demand for our products.
  • Significant additional labeling or warning requirements or limitations on the marketing or sale of our products may inhibit sales of affected products.
  • Unfavorable general economic conditions in the United States could negatively impact our financial performance.
  • Unfavorable economic and political conditions in international markets could hurt our business.
  • Litigation or legal proceedings could expose us to significant liabilities and damage our reputation.
  • We conduct business in markets with high-risk legal compliance environments, which exposes us to increased legal and reputational risk.
  • If our third-party service providers and business partners do not satisfactorily fulfill their commitments and responsibilities, our financial results could suffer.
  • Failure to adequately protect, or disputes relating to, trademarks, formulae and other intellectual property rights could harm our business.
  • Adverse weather conditions could reduce the demand for our products.
  • Climate change and legal or regulatory responses thereto may have a long-term adverse impact on our business and results of operations.
  • If negative publicity, whether or not warranted, concerning product safety or quality, workplace and human rights, obesity or other issues damages our brand image, corporate reputation and social license to operate, our business may suffer.
  • Changes in, or failure to comply with, the laws and regulations applicable to our products or our business operations could increase our costs or reduce our net operating revenues.
  • Changes in accounting standards could affect our reported financial results.
  • If we are not able to achieve our overall long-term growth objectives, the value of an investment in our Company could be negatively affected.
  • If global credit market conditions deteriorate, our financial performance could be adversely affected.
  • Default by or failure of one or more of our counterparty financial institutions could cause us to incur significant losses.
  • If we are unable to renew collective bargaining agreements on satisfactory terms, or we or our bottling partners experience strikes, work stoppages or labor unrest, our business could suffer.
  • We may be required to recognize impairment charges that could materially affect our financial results.
  • We may incur multi-employer pension plan withdrawal liabilities in the future, which could negatively impact our financial performance.
  • If we do not successfully integrate and manage our Company-owned or -controlled bottling operations or other acquired businesses or brands, our results could suffer.
  • If we do not successfully manage our refranchising activities, our business and results of operations could be adversely affected.
  • If we fail to realize a significant portion of the anticipated benefits of our strategic relationship with Monster, our financial performance could be adversely affected.
  • Global or regional catastrophic events could impact our operations and financial results.
Management Discussion
  • Selling, general and administrative expenses increased $1,101 million, or 10 percent. This increase was primarily the result of acquisitions, partially offset by the impact of divestitures and a foreign currency exchange rate impact of 4 percent. The increase in advertising costs also reflects the Company's increased investments to strengthen our brands. Other operating expenses also reflect the impact of savings from our productivity initiatives.
  • As of December 31, 2019, we had $258 million of total unrecognized compensation cost related to nonvested stock-based compensation awards granted under our plans. This cost is expected to be recognized over a weighted-average period of 2.0 years as stock-based compensation expense, and it does not include the impact of any future stock-based compensation awards. Refer to Note 14 of Notes to Consolidated Financial Statements.
  • Selling, general and administrative expenses decreased $1,832 million, or 14 percent. The decrease in selling and distribution expenses during 2018 reflects the impact of refranchising activities throughout 2018 and the full year effect of refranchising activities that occurred during 2017, partially offset by the impact of the consolidation of CCBA. The decrease in other operating expenses during 2018 reflects savings from our productivity initiatives, the impact of refranchising activities throughout 2018 and the full year effect of refranchising activities that occurred during 2017.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
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