"Shares of Coca-Cola (NYSE:KO) lost 5.10% over the past month after gaining 1.09% the month prior. That puts the legacy soft drink maker's year-to-date (YTD) gain at 5.87%. But since it's YTD high on April 22. Since then, KO is down 11.41%. The Dividend King is still having a strong year, and globally, Coca-Cola continues to expand its footprint. Last spring, the company announced it will be investing more than $1.4 billion in Argentina to boost production, improve logistics"
"Coca-Cola is among the world's most well-recognized brands and debatably the popular drink on Earth. In addition to its iconic Coke Classic, Coca-Cola has drastically expanded its menu of selections over the decades to include other popular brands, such as Sprite, Fresca, Smart Water, Dasani Water, Minute Maid lemonade and juices, Barq's Root Beer, Monster Energy Drinks, Seagram's Ginger Ale, teas and many others, totaling over 300."
Coca-Cola shares fell 5.10% over the past month after a 1.09% gain the prior month, leaving a year-to-date gain of 5.87% but an 11.41% decline from the April 22 high. The company is expanding globally, planning more than $1.4 billion in Argentina to boost production, improve logistics and infrastructure, while India became the fifth-largest market by volume. The product portfolio exceeds 300 brands including Coke Classic, Sprite, Dasani and Monster Energy. Second-quarter results showed EPS of $0.87 versus $0.83 expected, while revenue rose 2.5% to $12.50 billion, missing estimates.
Read at 24/7 Wall St.
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