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Coca-Cola Opens Bottling Plant in Cambodia, Invests $100M
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The Coca-Cola Company (KO - Free Report) opened a new bottling plant in Phnom Penh, Cambodia. The investment, valued at $100 million, is part of Coca-Cola’s plan to expand its production facility in the Southeast Asian country by 2018. Following the announcement, shares of the company rose 0.6% on Dec 5 and closed at $40.62.
The plant, situated in a special economic zone, will provide employment opportunity to 817 people. Notably, it will also be powered with solar energy.
Coca-Cola has a commanding presence in the developing and emerging markets, courtesy of the growth opportunities these countries provide. More than half of the company’s revenues are generated outside the U.S.
Cambodia’s economy is in good shape with 100 new factories opened in the first nine months of this year, employing more than 51,000 heads. It is to be noted that Coca-Cola has operations in Cambodia since 1993.
Notably, Coca-Cola’s top-line underperformance has been quite noticeable in the first nine months of 2016. The company’s shares have also seen quite a struggle this year, with the stock losing over 5% year to date due to several ongoing macro as well as structural issues.
Severe macroeconomic challenges in certain international markets and the stronger U.S. dollar are impacting results of the cola giant.
However, over the past 60 days, the Zacks Consensus Estimate has increased slightly for 2016 earnings. But again, earnings and sales for 2016 are projected to decline nearly 5% and 6.2%, respectively, raising questions over this Zacks Rank #3 (Hold) company’s prospects.
Better-ranked stocks in the Consumer Staples sector include Dean Foods Company , The Hershey Company (HSY - Free Report) and Mondelez International, Inc. (MDLZ - Free Report) .
Dean Foods’s earnings are expected to increase 31.5% in full-year 2016.
Hershey – a Zacks Rank #2 (Buy) stock – is expected to see a 4.8% increase in full-year 2016 earnings.
Mondelez, also a Zacks Rank #2 company, is expected to witness 11.4% growth in full-year 2016 earnings.
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How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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Coca-Cola Opens Bottling Plant in Cambodia, Invests $100M
The Coca-Cola Company (KO - Free Report) opened a new bottling plant in Phnom Penh, Cambodia. The investment, valued at $100 million, is part of Coca-Cola’s plan to expand its production facility in the Southeast Asian country by 2018. Following the announcement, shares of the company rose 0.6% on Dec 5 and closed at $40.62.
The plant, situated in a special economic zone, will provide employment opportunity to 817 people. Notably, it will also be powered with solar energy.
Coca-Cola has a commanding presence in the developing and emerging markets, courtesy of the growth opportunities these countries provide. More than half of the company’s revenues are generated outside the U.S.
Cambodia’s economy is in good shape with 100 new factories opened in the first nine months of this year, employing more than 51,000 heads. It is to be noted that Coca-Cola has operations in Cambodia since 1993.
Notably, Coca-Cola’s top-line underperformance has been quite noticeable in the first nine months of 2016. The company’s shares have also seen quite a struggle this year, with the stock losing over 5% year to date due to several ongoing macro as well as structural issues.
Severe macroeconomic challenges in certain international markets and the stronger U.S. dollar are impacting results of the cola giant.
However, over the past 60 days, the Zacks Consensus Estimate has increased slightly for 2016 earnings. But again, earnings and sales for 2016 are projected to decline nearly 5% and 6.2%, respectively, raising questions over this Zacks Rank #3 (Hold) company’s prospects.
COCA COLA CO Price
COCA COLA CO Price | COCA COLA CO Quote
Key Picks
Better-ranked stocks in the Consumer Staples sector include Dean Foods Company , The Hershey Company (HSY - Free Report) and Mondelez International, Inc. (MDLZ - Free Report) .
Dean Foods sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Dean Foods’s earnings are expected to increase 31.5% in full-year 2016.
Hershey – a Zacks Rank #2 (Buy) stock – is expected to see a 4.8% increase in full-year 2016 earnings.
Mondelez, also a Zacks Rank #2 company, is expected to witness 11.4% growth in full-year 2016 earnings.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>