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4-Traders Homepage  >  Equities  >  Nyse  >  Coca-Cola Company (The)    KO

COCA-COLA COMPANY (THE) (KO)
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Mexican Coca-Cola Bottler Arca Contal Raises Prices To Offset Costs

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04/25/2012 | 07:26pm CEST

Mexican soft drink bottler Arca Continental SAB (EMBVF, AC.MX) said Wednesday it raised prices on its products during the first quarter to account for inflation, foreign exchange fluctuations and higher raw materials costs.

Adrian Wong, chief financial officer at Latin America's second-biggest bottler of Coca-Cola Co. (>> The Coca-Cola Company) products, told analysts during a conference call that the company hiked prices in Mexico by 6.2% while prices for goods sold in South America increased by 18%.

Mexico accounts for around 76% of Arca Contal's beverage volume sales while Argentina and Ecuador supply the rest.

Mexican consumers are avid consumers of carbonated beverages, with a high level of per capita consumption. Still, Arca Contal's first quarter volume sales in that market rose 3.7% year-on-year, with cola volume sales having gained 4.9%.

Arca Contal attributed the Mexico gains to its efforts to widen its product mix by rolling out new soft-drink package presentations while also improving distribution.

"Every time we think this is such a mature market, with a high per-capita consumption, we find opportunities to grow," said Arturo Gutierrez, the company's chief operating officer.

The company has noticed that PepsiCo Inc. (PEP) has been more active selling to the restaurant channel since consolidating its Mexican presence last year into a nationwide beverage company.

Chief executive Francisco Garza said Arca Contal is working to minimize the impact of Pepsi's efforts to raise restaurant sales, while characterizing the volumes moved in restaurants as less important relative to those of other sales channels.

Apart from restaurants, Garza said the competitive dynamics with Pepsi haven't changed much.

-By Amy Guthrie, Dow Jones Newswires; (5255) 5980-5177, [email protected]

Stocks mentioned in the article : The Coca-Cola Company
Stocks mentioned in the article
ChangeLast1st jan.
ARCA CONTINENTAL SAB DE CV -1.74% 115.75 End-of-day quote.-14.85%
COCA-COLA COMPANY (THE) 0.19% 42.4 Delayed Quote.-7.76%
PEPSICO, INC. -0.64% 118.26 End-of-day quote.13.36%
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Financials ($)
Sales 2018 31 965 M
EBIT 2018 10 808 M
Net income 2018 8 800 M
Debt 2018 30 062 M
Yield 2018 3,67%
P/E ratio 2018 21,52
P/E ratio 2019 18,94
EV / Sales 2018 6,58x
EV / Sales 2019 6,32x
Capitalization 180 B
Chart COCA-COLA COMPANY (THE)
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Coca-Cola Company (The) Technical Analysis Chart | KO | US1912161007 | 4-Traders
Technical analysis trends COCA-COLA COMPANY (THE)
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 49,8 $
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
James Quincey President, Chief Executive Officer & Director
Ahmet Muhtar Kent Chairman
Kathy N. Waller CFO, President-Enabling Services & Executive VP
Eddie R. Hays Chief Technical Officer & Senior Vice President
Barry N. Simpson Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
COCA-COLA COMPANY (THE)-7.76%180 423
DR PEPPER SNAPPLE GROUP23.53%21 693
SUNTORY BEVERAGE & FOOD LTD-1.29%13 874
COCA COLA HBC AG8.55%12 937
TINGYI (CAYMAN ISLANDS) HOLDING CORP.9.21%11 609
ARCA CONTINENTAL SAB DE CV-13.34%10 648