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MarketScreener Homepage  >  Equities  >  Nyse  >  The Coca-Cola Company    KO

THE COCA-COLA COMPANY

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Coca-Cola Foundation, Benioff Ocean Initiative Giving $11 Million to Clean Rivers

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01/15/2020 | 10:36am EST

By Chris Wack

The Coca-Cola Foundation and the Benioff Ocean Initiative at the University of California Santa Barbara's Marine Science Institute have picked nine river clean-up programs across the world to receive a total of $11 million over the next three years.

The Coca-Cola Foundation said the partnership won't only clean up some of the world's most polluted rivers, but will identify new ways to prevent plastic waste from entering rivers and oceans.

The programs selected for funding span Asia, Africa, North America and South America.

The Marea Verde project to clean up the Matias Hernandez River in Panama will be the first to receive funding. The foundations said Panama contributes an estimated 100,000 plus tons of marine trash a year, and more than 55% of that trash is plastics.

Eight other programs--in Vietnam, India, Indonesia, Ecuador, Mexico, Thailand, Jamaica and Kenya--are also being finalized for funding.

The Coca-Cola Foundation is the global philanthropic arm of the Coca-Cola Co. (KO).

Write to Chris Wack at chris.wack@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.72% 528.59 Delayed Quote.-2.11%
LONDON SUGAR -0.26% 420.1 End-of-day quote.16.79%
S&P AFRICA 40 INDEX 0.27% 166.3 Delayed Quote.-3.79%
THE COCA-COLA COMPANY 0.54% 60.04 Delayed Quote.7.90%
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Financials (USD)
Sales 2020 39 018 M
EBIT 2020 11 089 M
Net income 2020 9 702 M
Debt 2020 31 562 M
Yield 2020 2,77%
P/E ratio 2020 26,6x
P/E ratio 2021 24,5x
EV / Sales2020 7,36x
EV / Sales2021 6,99x
Capitalization 256 B
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 62,90  $
Last Close Price 59,72  $
Spread / Highest target 10,5%
Spread / Average Target 5,33%
Spread / Lowest Target -4,55%
EPS Revisions
Managers
NameTitle
James Quincey Chairman & Chief Executive Officer
Brian John S. Smith President & Chief Operating Officer
John Murphy Chief Financial Officer & Executive Vice President
Nancy W. Quan Chief Technology Officer & Senior Vice President
Barry N. Simpson Chief Information Officer & Senior Vice President
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