Solid Pricing Boosts Coca-Cola's Top Line in 3Q; Shares Approaching FVE
Wide-moat Coca-Cola posted strong third quarter results, with organic revenues up 6% (2% contribution from price/mix) as the firm's investments in its brands propped up sales across each of its geographies. Organic sales grew 9% in the Europe, Middle East, and Africa segment (24% of sales) and 19% in Latin America (12% of sales), with high-single-digit price/mix improvement in each of these segments offsetting broader macroeconomic challenges in the Middle East, North Africa, and Argentina. Unit...Coca-Cola is a nonalcoholic beverage company. The company owns or licenses and markets nonalcoholic beverage brands, which it groups into the following category clusters: sparkling soft drinks; water, enhanced water and sports drinks; juice, dairy and plant-based beverages; tea and coffee; and energy drinks. The company's nonalcoholic sparkling soft drink brands are Coca-Cola, Diet Coke, Fanta and Sprite. The company markets, manufactures and sells beverage concentrates and syrups, including fountain syrups; and finished sparkling soft drinks and other nonalcoholic beverages. The company's segments are Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Global Ventures; and Bottling Investments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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