Bullish indicating open at $55-$60, IPO prices at $37
ATLANTA - The Coca-Cola Company (NYSE:KO), a prominent player in the beverages industry with a market capitalization of $301 billion, announced Thursday the election of Jennifer Henry as Senior Vice President, effective immediately. Henry, who joined the company on July 7, will serve as Head of Strategy and Corporate Development. According to InvestingPro data, the company maintains impressive gross profit margins of 61% and has shown steady revenue growth.
In her new role, Henry will be responsible for enterprise strategy development and identifying growth opportunities that can evolve into scalable, revenue-generating ventures. With the company’s current revenue of $46.9 billion over the last twelve months, Henry’s strategic expertise will be crucial for maintaining growth momentum.
Prior to joining Coca-Cola, Henry spent over 13 years at McKinsey & Co., where she was a partner serving clients in the consumer and retail sector both in the United States and internationally. Her expertise includes corporate and portfolio strategy, revenue growth management, and go-to-market and sales excellence.
Henry began her career in 2005 as a leveraged finance analyst at the former Wachovia (now part of Wells Fargo) before joining Pamlico Capital as an associate in 2007. She moved to McKinsey in 2009 and was named partner in 2018.
She holds a bachelor’s degree in finance and management from the McIntire School of Commerce at the University of Virginia and an MBA in marketing and operations from The Wharton School at the University of Pennsylvania.
In the same announcement, Coca-Cola’s Board of Directors declared a regular quarterly dividend of 51 cents per common share. The dividend will be payable on October 1 to shareholders of record as of September 15. InvestingPro analysis reveals that Coca-Cola has raised its dividend for 54 consecutive years, with a current dividend yield of 2.94%. Discover more dividend insights and 10+ additional ProTips with an InvestingPro subscription.
The information in this article is based on a press release statement from The Coca-Cola Company. For comprehensive analysis and detailed financial metrics, access the full Pro Research Report available exclusively on InvestingPro, covering what really matters about Coca-Cola’s financial health and future prospects.
In other recent news, Coca-Cola announced a quarterly dividend of 51 cents per share, set to be paid on July 1 to shareholders of record as of June 13. UBS analyst Peter Grom raised Coca-Cola’s price target to $86 from $84, maintaining a Buy rating, following the company’s stronger-than-expected performance in the first quarter of 2025. This included surpassing organic revenue growth expectations and maintaining its full-year earnings per share outlook. Piper Sandler also maintained an Overweight rating on Coca-Cola, with a price target of $80, despite adjusting some North American growth estimates. The firm noted the potential impact of Coca-Cola’s Sprite + Tea innovation on future growth.
Additionally, Coca-Cola shareholders elected directors and approved executive compensation during the 2025 Annual Meeting, with most receiving over 90% of votes in favor. Meanwhile, President Donald Trump claimed Coca-Cola agreed to use real cane sugar in its U.S. products after discussions with him, though no official confirmation from the company was provided. The appointment of Ernst & Young LLP as independent auditors was also ratified with significant shareholder support. These developments reflect ongoing strategic and operational activities within the company.
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