Muhtar Ahmet Kent, Chairman & CEO of Coca-Cola Co, purchased 10,500 shares of Coca-Cola (Stock Symbol: KO) at $37.91 per share for a total amount of $398.1 thousand on February 25, 2014. Coca-Cola Co is situated in Atlanta, Georgia.
On 02/27/2014, The Coca-Cola Company and Green Mountain Coffee Roasters close on previously announced equity transaction. On 02/18/2014, Coca-Cola announced its latest quarterly and annual results. Global volume grew 2% for the full year and 1% for the fourth quarter. Reported net revenues declined 2% for the full year and 4% for the fourth quarter. Excluding the impact of structural changes, comparable currency neutral net revenues grew 3% for the full year and 4% for the fourth quarter. Reported operating income declined 5% for the full year and 4% for the fourth quarter. Excluding the impact of structural changes, comparable currency neutral operating income grew 6% for the full year, in line with our long-term growth target, and 6% for the fourth quarter. Currency was a 2% headwind on comparable net revenues and a 4% headwind on comparable operating income for the full year. Full-year reported EPS was $1.90, down 3%, and comparable EPS was $2.08, up 3%. Comparable currency neutral EPS was up 8% for the full year. Fourth quarter reported EPS was $0.38, down 7%, and comparable EPS was $0.46, up 2%. Comparable currency neutral EPS was up 7% for the fourth quarter. Coca-Cola is expanding their previously announced productivity and reinvestment program to generate an incremental $1 billion in productivity by 2016 to drive increased media investments in their brands.
According to Capital IQ, Coca-Cola has a market cap of $168.64 billion, an enterprise value of $184.97 billion, and trailing 12 month revenues of $46.85 billion.
The Coca-Cola Company, a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters. The companys still beverages comprise nonalcoholic beverages without carbonation, including noncarbonated waters, flavored and enhanced waters, noncarbonated energy drinks, juices and juice drinks, ready-to-drink teas and coffees, and sports drinks. It also provides flavoring ingredients, sweeteners, powders for purified water products, beverage ingredients, and fountain syrups. The Coca-Cola Company sells its products primarily under the Coca-Cola, Diet Coke, Coca-Cola Light, Coca-Cola Zero, Sprite, Fanta, Minute Maid, Powerade, Aquarius, Dasani, Glacéau Vitaminwater, Georgia, Simply, Del Valle, Ayataka, and I Lohas brand names. The company offers its beverage products through a network of company-owned or controlled bottling and distribution operators, as well as through independently owned bottling partners, distributors, wholesalers, and retailers. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.
Muhtar Kent’s most recent annual compensation from Coca-Cola Co is a salary of $7,550,000, $16,670,200 in other compensation, and a total compensation of $30,460,200. Mr. Kent is 61 years old.
According to his biography, Mr. Muhtar Kent is Chairman of the Board, Chief Executive Officer of The Coca-Cola Company. Mr. Kent is Chairman of the Board, Chief Executive Officer and President of the Company. He has held the position of Chairman of the Board since April 23, 2009, the position of Chief Executive Officer since July 1, 2008 and the position of President since December 7, 2006. From December 2006 through June 2008, Mr. Kent served as President and Chief Operating Officer of the Company. From January 2006 through December 2006, Mr. Kent served as President of Coca-Cola International and was elected Executive Vice President of the Company in February 2006. From May 2005 through January 2006, he was President and Chief Operating Officer of the Company’s North Asia, Eurasia and Middle East Group, an organization serving a broad and diverse region that included China, Japan and Russia. Mr. Kent originally joined the Company in 1978 and held a variety of marketing and operations roles until 1995, when he became Managing Director of Coca-Cola Amatil Limited-Europe covering bottling operations in 12 countries. From 1999 until his return to the Company in May 2005, he served as President and Chief Executive Officer of the Efes Beverage Group, a diversified beverage company with Coca-Cola and beer operations across Southeast Europe, Turkey and Central Asia.
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