Coke (NYSE:KO)’s share declined modestly in the third quarter after releasing results that showed struggles, especially in Emerging Markets. Long term, we think Coke is executing a solid turnaround by significantly cutting costs, stepping up investments in marketing, taking price increases where it can and refranchising many bottler operations.
From Yacktman Focused Fund (Trades, Portfolio)s' third quarter 2016 commentary.
The views expressed represent the opinions of Yacktman Asset Management LP as of September 30, 2016, are not intended as a forecast or guarantee of future results, and are subject to change without notice.
