Latest news with #MaxAllais
Business Insider
19 hours ago
- Business
- Business Insider
Coca-Cola Stock (KO) Unfazed by Recycling Efforts
Coca-Cola (KO) stock didn't see much movement on Friday after the company announced a new recycling program. This program, being tested in the Philippines, offers cash rewards to small business owners who recycle plastic bottles, including those from brands other than Coca-Cola. Confident Investing Starts Here: This latest rewards program builds on Coca-Cola's efforts to increase recycling of its plastic bottles. It also recently launched a program in India that offers rewards to consumers who return bottles to special vending machines. Coca-Cola's interest in recycling comes alongside increased protests from environmental groups. Activists have targeted the company for its reliance on plastic bottles. Coca-Cola isn't the only beverage company using these bottles, but it catches extra flak due to its market leader status in the soda sector. Coca-Cola Fest Luanda Coca-Cola also announced a new music festival, titled Fest Luanda, that will take place in Angola. This event is set for June 21, 2025, and will start at 4:00 PM local time. The company said the event will celebrate the 'dynamic spirit of Angolan youth and culture.' Coca-Cola has taken an interest in music recently, with the launch of a new record label named 'real thing records.' It signed French-New Zealand singer-songwriter Max Allais and Indian singer-songwriter and producer Aksomaniac Among as the first two artists for the label. KO stock has been largely unfazed by today's news, with shares down 0.17% as of this writing. The stock remains up 15.87% year-to-date and 14.68% over the past 12 months. Is Coca-Cola Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Coca-Cola is Strong Buy, based on 15 Buy and one Hold rating over the past three months. With that comes an average KO stock price target of $79.53, representing a potential 10.95% upside for the shares.
Business Insider
2 days ago
- Business
- Business Insider
Coca-Cola Partners With Universal Music to Debut Real Thing Records
Coca-Cola (KO) has teamed up with Universal Music Group (UMGNF) to create a new record label named 'real thing records.' This new record label is focused on highlighting voices around the world. As such, two of its first signees are French-New Zealand singer-songwriter Max Allais and Indian singer-songwriter and producer Aksomaniac Among. Confident Investing Starts Here: Joshua Burke, Coca-Cola's Global Head of Music & Culture, said that real thing records is a 'long-term commitment to music—enabling us to reinvest in our programs, champion the next generation of talent, and stay rooted in what matters most: music and fandom.' ICE Raids Hit Coca-Cola Sales In other Coca-Cola news, the beverage company's sales are being hit by ICE raids. These raids have led many Latino customers in the U.S. to shy away from public life, likely in an effort to avoid deportation. One consequence is fewer purchases of products favored by these consumers. This might have some KO shareholders worried, but the company's stock hasn't been largely affected by the news. Instead, shares have only experienced a slight 0.1% drop today and remain up 16.65% year-to-date and 14.41% over the past 12 months. Investors will also note that Coca-Cola has a strong lead over its closest rivals in the race to capture U.S. sales. The company's titular soda held 19.1% of the market in 2024, with Keurig Dr Pepper's (KDP) flagship soda being its closest rival with an 8.3% share of the market. Even if it loses some of this due to deportations, Coca-Cola will still likely remain the top carbonated beverage in the U.S. Is Coca-Cola Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Coca-Cola is Strong Buy, based on 15 Buy and a single Sell rating over the past three months. With that comes an average KO stock price target of $79.53, representing a potential 10.65% upside for the shares.
