Aloha

this portfolio is very good. brand new. Only bought most of the positions a few weeks ago. Deep seek helped with the creation but I made some mistakes myself. For example Atom ETF was own idea and also many single stocks.

Should I $NUKL (-2.64%) sell immediately or wait a few months?

What to do with $MCD (+0.5%) keep to profit from my own consumption or get out?

Get out of Mercedes, BMW and Porsches and only invest in $VOW3 (+1.32%) only?

Home Depot and Waste Management out because they are $VUSA (-1.13%) included ?

$KO (+2.3%) out because no excess return?

this Diageo $DGE (+2.85%) catastrophe! i wanted to profit from social stupidity but more and more in the red since many months? Buy more DGE or sell immediately?

$SHEL (-1.69%) bought because of lotus blossom, brings luck for depot

Bye

Hello everyone,

I participated in the conference call of $KO (+2.3%) (Coca-Cola) fourth quarter and full year 2024 results on Tuesday. James Quincey, the CEO, opened the conference by stating that the 2024 results are encouraging, particularly the volume growth and robust organic sales growth. He highlighted that the company was able to deliver 7% comparable earnings per share growth despite headwinds from currency losses and the impact of the refranchising of bottling operations.

He emphasized that the company's strategy is focused on agility to respond to challenges and continue to deliver earnings per share growth. He also emphasized that Coca-Cola operates in a good industry with steady growth, which opens up numerous business opportunities.

In terms of regional performance, Quincey reported volume growth in ASEAN and the South Pacific, driven by marketing campaigns and affordable refill offers. In China, the company also saw volume growth despite macroeconomic headwinds and improved the performance of brands such as Sprite, Fanta and Minute Maid through increased marketing efforts. Japan and South Korea also saw growth in the quarter, driven by innovation and a strong performance from the Coca-Cola brand. In India, business recovered and consumers were won through marketing campaigns and an expansion of digital customer platforms. In Europe, there was a mixed performance, with different trends in Western and Eastern Europe, but growth in sales and profit was still achieved. In Eurasia and the Middle East, the company returned to volume growth despite headwinds by emphasizing the local focus of the business. In Africa, volumes declined due to challenges in North Africa and Nigeria, but were partially offset by strong momentum in South Africa. In Latin America, volume, sales and profit increased despite macroeconomic pressures, with a focus on digital platforms and single-dose pack offerings. In North America, the company also saw growth in transactions, volume, sales and profit, with the Coca-Cola brand and Fairlife leading the way in retail.

The financial results were also discussed in more detail. In the fourth quarter, organic sales increased by 14%, with sales volume increasing by 2%. Comparable gross margin increased approximately 160 basis points and comparable operating margin increased 80 basis points. Comparable earnings per share were $0.55, an increase of 12% over the prior year.

For 2025, the company expects organic revenue growth of 5% to 6% and comparable currency-neutral earnings per share growth of 8% to 10%.

Various topics were addressed in the subsequent Q&A session. The general assessment of the consumer climate was stable with sustained demand, but with challenges for lower-income groups in developed markets. The importance of pricing was emphasized, with the price/mix expected to normalize somewhat in 2025 as the influence of hyperinflationary countries wanes.

The impact of GLP-1 drugs (weight loss injections) on consumer behavior was also discussed and it was noted that there has not been a major impact on the business to date.

In summary, Coca-Cola has seen a positive performance in 2024 and is confident of achieving its targets for 2025, focusing on its core strategy and investing in growth.

Hi, I'd like to hear your opinions on my portfolio.

I also welcome your suggestions for etfs in 2025 with stable growth and that pay dividends. I'm analyzing this ETF to invest in the near future $JEGP (+0.05%)

My focus is to have good assets that pay dividends and over time be able to refresh my investments with those same dividends. This way I can also get a good average price depending on the ups and downs of the market in the long term.

Since November 2024, I've been investing in shares such as $KO (+2.3%)
$STAG (+0.45%)
$VZ (+1.11%)
$VICI (+2.65%)
$O (+1.37%)
$PZZA (-1.3%)
$BMW (-0.12%)
$T (+2.01%) etc.

As for cryptos, I'm betting on Solana and Xrp.

In my opinion, these are two assets that could increase in value over the long term.

I have Solana in coinbase, which currently pays 8%, thus also generating recurring payments.

So at the moment I have 80% in shares and reits, and I also want to acquire etfs.

And 20% in cryptos.

Happy 2025 to everyone and good investments!

I know I'm a bit late and others were quicker. Nevertheless, here is my classification and explanation of the numbers. As beginner-friendly as possible 😬

__________

Coca-Cola $KO (+2.3%) published its figures for the fourth quarter and full year 2024 today.

Coca-Cola is one of those stocks that almost everyone knows and many people have it in their portfolio. At the beginning of this year, I considered liquidating the position and shifting into other high-growth stocks, but I couldn't bring myself to do so and am now holding my position for the time being. According to DeepDive, Coca Cola currently accounts for just under 2.5% of my portfolio.

The company is a real heavyweight in the consumer sector and has a certain stability and an impressive dividend history. The quarterly figures published today show solid growth, but also some challenges.

I took a look at the news release "Coca-Cola Reports Fourth Quarter and Full Year 2024 Results" [1] and also read the transcript of the earnings call [2].

Q4 vs. Estimates [3]

Business figures at a glance

📊 Q4 2024 (October - December):

• Sales: $11.5 billion (+6% compared to the previous year)
• Organic sales (adjusted for currency effects and acquisitions): +14 %
• Operating profit: +19

Earnings per share (EPS):

• Reported EPS: $0.51 (+12%)
• Adjusted EPS (without special effects): $0.55 (+12 %)

• Unit case volume: +2 %

➡️ Coca-Cola sold 2 % more beverages than in the same quarter of the previous year.

➡️ Growth was particularly strong in China, Brazil and the USA.

📅 Full year 2024:

• Sales: $47.1 billion (+3%)
• Organic sales: +12%
• Operating profit: -12% (partly due to a one-off Fairlife write-down)

Earnings per share (EPS):

• Reported EPS: $2.46 (-0.4%)
• Adjusted EPS: $2.88 (+7%)

• Unit case volume: +1 %

➡️ Coca-Cola Zero Sugar (+9 %) and tea (+4 %) were particularly popular.

➡️ There were declines in water (-2%) and coffee (-3%).

While the fourth quarter was strong, the reported operating profit for the full year was depressed by the Fairlife write-down (-12 %). Without this one-off effect, adjusted and currency-adjusted operating profit would have risen by 16%.

Fairlife amortization - What's behind it?

I was wondering again what fairlife depreciation is all about, and here is the explanation:

Coca-Cola had to take a $3.1 billion write-down related to the Fairlife brand.

➡️ Fairlife is a dairy brand that Coca-Cola acquired in 2020.

➡️ The value of this acquisition has now been revalued (fair value measurement).

➡️ The Fairlife write-down of $3.1 billion results from a revaluation of goodwill. Coca Cola had originally paid a higher price for Fairlife, but due to changed market conditions part of this value was written off.

➡️ Such write-downs are accounting losses, but do not directly affect cash flow or ongoing business development.

Regional development - Where Coca-Cola is growing

🌍 North America: +11% sales growth in 2024, particularly due to price increases.

Latin America: Strongest growth (+25% organic sales in Q4), but strongly influenced by high inflation in Argentina.

🌍 Europe, Middle East & Africa: Growth due to price adjustments, but currency devaluations depressed earnings (more on this below).

🌍 Asia-Pacific: Solid growth, but sales per unit fell slightly as more sales were made in lower-priced categories (e.g. due to smaller packaging units or promotions)

What does currency devaluation mean and why is it problematic?

When Coca-Cola sells beverages in Europe or Latin America, for example, the company earns euros or local currencies there.

➡️ These revenues end up being converted into US dollars because Coca-Cola is a US company.

💡The problem:

If the US dollar gets stronger, then Coca-Cola gets less dollars per euro/peso when it converts.

This makes it look on paper as if sales are falling, even though Coca-Cola is selling the same amount or even growing in these regions.

Example of currency devaluation:

• Let's assume that Coca-Cola makes 100 million euros in sales in Europe.

• If the exchange rate is 1.20 USD/EUR, this means a turnover of 120 million dollars.

• If the exchange rate falls to 1.05 USD/EUR, Coca-Cola only receives 105 million dollars for the same 100 million euros - 15 million less!

➡️ This happened in many markets in 2024, especially in Latin America (Argentina) and parts of Africa.

➡️ The currency devaluation therefore had a negative impact on reported sales.

Expansion: more fridges for more sales

Coca-Cola has expanded its presence in stores worldwide:

• 250,000 new points of sale
• 600,000 new refrigerators installed

Investments were particularly strong in Latin America, Asia and Africa.

➡️ In these markets, 90% of drinks are sold cold - more fridges = more sales!

Dividends & share buybacks - Coca-Cola remains an investor favorite

✔️ Coca-Cola paid $8.4 billion in dividends in 2024 - dividends have increased every year for 62 years!

✔️ Share buybacks worth $1.8bn - reducing the number of shares and increasing earnings per share in the long term.

What is the tax payment to the IRS?

➡️ Coca-Cola has deposited $6.0 billion as collateral in a long-running tax dispute with the U.S. Internal Revenue Service (IRS). If the company loses the lawsuit, the money will be used to pay the taxes.

➡️ If Coca-Cola wins, some of the money could flow back.

➡️ Without this one-off effect, free cash flow would have increased by 11% to $10.8 billion!

Outlook for 2025 - What does Coca-Cola expect?

📈 Planned sales growth: 5-6 %

📉 Currency impact: -3 to -4% on sales, -6 to -7% on profit

💰 Expected earnings per share: $2.88 (+2 to 3%)

💵 Free cash flow forecast: approx. $9.5 billion

Conclusion - Coca-Cola remains stable, but currencies are a risk

• Stable sales growth and strong market position
• Expansion through refrigerators and retail outlets pays off
• Strong dividend history - a classic for dividend investors

• Currency risks and tax dispute weigh on figures

I continue to hold the share and am always happy when I drink an ice-cold Coke Zero!

Thanks for reading 🤝

__________

Sources:

[1]

https://investors.coca-colacompany.com/

[2]

https://web.quartr.com/companies/4595/events/248468/transcript?targetTime=0.0

[3]

https://web.quartr.com/companies/4595

ASML $ASML (-0.72%) (semiconductor equipment)

Visa $V (-0.16%) (payment transactions)

Mastercard $MA (-0.3%) (payment transactions)

Moody's $MCO (-1.54%) (credit ratings)

S&P Global $SPGI (-0.29%) (credit ratings and indices)

Hermès $RMS (+0.11%) (luxury goods)

Fair Isaac Corporation $FICO (-1.51%) (credit scoring)

Coca-Cola $KO (+2.3%) (beverages)

Apple $AAPL (+0.26%) (consumer electronics and technology)

Nvidia $NVDA (-3.63%) (AI and GPUs)

Also also worth mentioningbut not in the top 10:

Transdigm $TDG (-1.3%) (aerospace)

MSCI $MSCI (+1.13%) (financial services)

Cadence $CDNS (-4.03%) (EDA software)

Synopsys $SNPS (-3.7%) (EDA software)

Ferrari $RACE (+0.02%) (luxury cars)

What do you think? Have I forgotten an interesting company / share?

• $KO (+2.3%)
  (NYSE: KO) reported fourth quarter earnings per share (EPS) of $0.55, $0.03 better than the analyst estimate of $0.52.

• Revenue for the quarter totaled $11.5 billion versus the consensus estimate of $10.7 billion.

Full year 2024 results

• Global sales volumes increased by 2% in the quarter and 1% for the full year

• Net sales increased by 6% in the quarter and 3% for the full year; organic sales (non-GAAP) increased by 14% in the quarter and 12% for the full year

• Operating income increased 19% in the quarter and decreased 12% for the full year; comparable non-GAAP operating income at constant currency increased 22% in the quarter and 16% for the full year.

• Earnings per share (EPS) increased 12% to USD 0.51 in the fourth quarter

• Comparable earnings per share (non-GAAP) increased 12% to USD 0.55

• Earnings per share for the full year fell slightly to USD 2.46; comparable earnings per share (non-GAAP) rose by 7% to USD 2.88

• Cash flow from operating activities for the full year amounted to USD 6.8 billion, a decrease of 41 %

• Free cash flow (non-GAAP) for the full year amounted to USD 4.7 billion, a decrease of 51

• Free cash flow excluding the IRS tax dispute deposit (non-GAAP) was USD 10.8 billion for the full year, an increase of 11%

Tomorrow at 2.30 p.m. Coca-Cola will $KO (+2.3%) will present its quarterly figures.

👉 Webcast: https://investors.coca-colacompany.com

The competitor PepsiCo $PEP (+3.26%) has recently disappointed and missed sales expectations.

Sales fell to USD 27.78 billion in Q4 2024, which put the share under pressure.

Pepsi Q4 - 2024 from 04 Feb, 2025

One problem: consumers are turning less to soft drinks and snacks, which could be partly related to rising sales of GLP-1 drugs such as Ozempic and Wegovy [1].

💊 GLP-1 drugs and the soft drink crisis?

These drugs, which are used for weight loss, reduce appetite, especially for sugary drinks [2].

PepsiCo has already noticed that this trend is influencing purchasing behavior.

The question now is: will this also affect Coca-Cola?

2024 was a mixed year for Coca-Cola. Although the share price rose by over 20 % in the meantime, rising market interest rates led to a correction as defensive dividend stocks were sold in favor of more attractive US government bonds. The valuation was also high at times, but the valuation ratios have now returned to a historically fair level [3]

Warren Buffett remained loyal to Coca-Cola, while reducing other positions such as Apple and Bank of America. Expectations for tomorrow's quarterly figures are moderate:

While sales are expected to come in below the previous year's figure at USD 10.7 billion, earnings per share are expected to rise to USD 0.52.

Coca Cola Estimates Q4 - 2024

Despite Pepsi's recent disappointment in the market, a majority of options market participants are betting on a positive reaction: 56.1% of the options expiring on Friday are calls [3].

Does Coca-Cola have the better strategy against current market trends? 🚀📉

🥤 Coca-Cola's strategy against change

In recent years, Coca-Cola has invested heavily in low-calorie and sugar-free alternatives. Products such as Coca-Cola Zero Sugar and expansion into other beverage categories (e.g. energy drinks) should ensure that the company is less affected by soft drink declines [4].

📉 Tomorrow will decide whether Coca-Cola has cushioned the GLP-1 effect better than PepsiCo.

Coca Cola has a share of just under 2.35% in my portfolio. So I'm looking forward to the figures and the reaction tomorrow.

_________

Sources:

[1]

https://www.reuters.com/business/retail-consumer/pepsico-forecasts-annual-profit-below-estimates-weak-soda-snacks-demand-2025-02-04/?utm_source=chatgpt.com

[2] https://nypost.com/2024/07/27/health/weight-loss-drugs-eat-into-grocery-basket/?utm_source=chatgpt.com

[3]

https://www.wallstreet-online.de/nachricht/18965368-earnings-preview-applovin-palantir-fette-gewinne-mcdonald-s-coca-cola

[4]

https://www.coca-cola.com/de/de/sustainability/unsere-massnahmen-fuer-eine-gesuendere-auswahl?utm_source=chatgpt.com