Coca-Cola's shares rose 1.09% over the past month after a prior 2.70% decline, leaving an 11.30% year-to-date gain but a 6.86% drop since the April 22 high. The company plans to invest more than $1.4 billion in Argentina to increase production, improve logistics and optimize infrastructure. India has become Coca-Cola's fifth-largest market by volume. The beverage portfolio exceeds 300 brands, spanning carbonated and noncarbonated drinks. Q2 delivered EPS of $0.87, above estimates, while revenue rose 2.5% to $12.50 billion and missed expectations. Coca-Cola retains a long dividend-growth record.
Shares of Coca-Cola (NYSE:KO) gained 1.09% over the past month after losing 2.70% the month prior. That puts the legacy soft drink maker's year-to-date (YTD) gain at 11.30%. But since its YTD high on April 22. Since then, KO is down 6.86%. 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 and optimize infrastructure.
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.
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