1. Company Overview
The Coca-Cola Company is a global beverage leader with over 200 brands across sparkling soft drinks, water, juice, dairy, and plant-based beverages. Flagship brand: Coca-Cola.
Global Presence: Operates in over 200 countries.
Business Model: Primarily a brand owner and concentrate supplier; bottling is often franchised.
Key Competitive Advantage: Strong brand equity, scale, global distribution, and pricing power.
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2. Financial Highlights (Q1 2025)
Reported April 30, 2025
Revenue: $11.5 billion (+2% YoY)
EPS: $0.72 (in line with expectations)
Organic Revenue Growth: +4%
Operating Margin: ~30%
Free Cash Flow (TTM): ~$9 billion
Observations:
Volume growth remained modest; price/mix drove revenue growth.
Emerging markets like India and Latin America contributed significantly to growth.
Currency headwinds slightly affected international revenue.
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3. Dividend and Shareholder Returns
Dividend Yield: ~3.1% (as of May 2025)
Dividend Payout Ratio: ~75% of net income
Dividend Growth: 62 consecutive years of increases (Dividend King)
Share Buybacks: Modest; focus remains on dividends and reinvestment.
Buy for long term.
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