Coca-Cola Beverages Florida Sponsors Its 19th Habitat Home Build as It Celebrates Its 10-Year Anniversary
Coke Florida surpasses $1.5M in support for Habitat for Humanity
TAMPA, Fla., June 24, 2025--(BUSINESS WIRE)--Coca-Cola Beverages Florida, LLC (Coke Florida), continues its partnership with Habitat for Humanity as it completes construction on two new single-family homes by the end of June. Construction is underway in Tampa with Habitat for Humanity of Hillsborough County and in Spring Hill with Habitat for Humanity Tampa Bay Gulfside. The Spring Hill project represents the very first Habitat for Humanity home build in the county.
Since the company's founding in 2015, Coke Florida has maintained a commitment to empowering underserved communities by providing the foundation for families to build a viable and sustainable future. This commitment focuses on Economic Empowerment, which is one of the company's community pillars designed to assist in creating stability and self-reliance within the communities it serves. The company is proud to support Habitat's efforts by providing funding and volunteerism through our associate base. To date, Coke Florida associates have contributed more than 3,400 hours of service supporting construction activities.
"As we celebrate our company's 10-year anniversary, Coke Florida is honored to also celebrate our long-standing relationships with Habitat for Humanity," said Percy L. Wells, II, Group Vice President, Government Relations, Public Affairs, and Communications for Coke Florida. "We know that there's no better way to strengthen our communities than to empower home ownership as it builds stability and self-reliance while providing a sense of purpose for families. As a member of the community, we are grateful to be able to provide the needed resources to support this impactful initiative."
Home builds supported by the company include a sustainability component as well which encourages water stewardship. A rain barrel system, constructed using repurposed 50-gallon syrup drums from the company's manufacturing process, are installed to help conserve water usage and reduce stormwater runoff by collecting and storing rainwater to be reused to water plants and shrubbery.
About Coca-Cola Beverages Florida, LLC
Coca-Cola Beverages Florida, LLC (Coke Florida) is the sixth largest Coca-Cola bottler in the United States. Coke Florida makes, sells, and distributes products of The Coca-Cola Company in an exclusive territory that covers over 21 million consumers across 47 counties in Florida. The company employs over 5,000 associates and operates four Green Circle Certified manufacturing facilities and eighteen distribution centers. Founded in 2015 and headquartered in Tampa, Coke Florida is one of the largest Black-owned businesses in the United States. In 2025, Coke Florida was recognized as a US Best Managed Company Gold Standard Winner by Deloitte Private and The Wall Street Journal. To learn more, visit www.cokeflorida.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250623032988/en/
Contacts
J. Katrinda McQueenVice President, CommunicationsCoca-Cola Beverages Florida, LLC813-557-9088 | Kmcqueen@cocacolaflorida.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
With a 63-Year History of Dividend Hikes, It's a King Among Kings
Investors might be looking to add safe and steady companies to their portfolios in uncertain times. This industry-leading beverage business announced a dividend increase in February, continuing a streak that's now at 63 years. With a powerful brand, global presence, and incredible profitability, this company's dividend looks very safe. 10 stocks we like better than Coca-Cola › It has been a turbulent year for markets. Investors are concerned about the state of the economy. And ongoing geopolitical tensions don't help alleviate worries. In this type of environment, it might be difficult to find places to invest your hard-earned savings. During uncertain times, which is the perfect way to characterize 2025 thus far, there's one monster dividend stock that investors might turn to if they want to earn steady income. This industry-leading enterprise is a king among kings that could be just what your portfolio needs. As of June 23, shares of Coca-Cola (NYSE: KO) have climbed 12% in 2025. This gain trounces the S&P 500 index's 2% rise this year. It appears the market is placing a high value on a safe and stable business, given the uncertainty surrounding the future from both macroeconomic and geopolitical perspectives. Coca-Cola is as steady as they come. It sees durable demand for its popular beverages. Unlike many other companies in different industries, Coca-Cola just isn't as exposed to the whims of the economic cycle. Consumers still love to spend money on their favorite drinks, no matter what's going on. I think this will still be true decades from now. There is minimal threat Coca-Cola will become obsolete. For starters, it has one of the most iconic brands in history. This leads to tremendous customer loyalty and proven pricing power. Coca-Cola has a leading market share in the non-alcoholic ready-to-drink industry on a global scale. And it has a presence in more than 200 countries. Coca-Cola's profitability is hard to ignore. Since it primarily offloads the capital-intensive bottling and distribution process to third parties, the company can operate a more efficient business model. This explains how the company posted a superb 32.9% operating margin in Q1 (ended March 28). The leadership team seems fairly confident as it looks ahead. Coca-Cola expects organic revenue to rise 5% to 6% in 2025. And to add a level of optimism, executives believe the ongoing tariff "impact to be manageable." Coca-Cola's profitability is impressive. Management is intensely focused on returning its excess cash to shareholders in the form of dividends. This company is a Dividend King, having raised its payout in a jaw-dropping 63 straight years (and counting). The last bump was announced in February, with the current dividend yield now at 2.87%. That dividend is a boon for investors with sizable stakes in the beverage giant. Just look at Berkshire Hathaway, which owns 400 million shares. This brings in $816 million in annualized income for the Warren Buffett-led conglomerate. To be clear, I think Coca-Cola makes sense as a worthy investment candidate only for those who care mostly about dividend income. It's difficult to predict what the future will hold, but there's certainly a good chance the company will continue to increase its payout indefinitely. And if broader macro concerns are on your mind, owning Coca-Cola could provide much-needed peace of mind for your portfolio. But for those investors who want to generate market-beating returns from the stocks they own, it's probably best to avoid Coca-Cola. Even including dividends, the stock has underperformed the S&P 500 in the past three-, five-, and 10-year periods. That's not exactly a track record that attracts growth investors. I see no reason to expect this trend to change over the next decade and beyond. Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Coca-Cola wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy. With a 63-Year History of Dividend Hikes, It's a King Among Kings was originally published by The Motley Fool
Yahoo
2 days ago
- Yahoo
Worried About a Bear Market? 3 Reasons to Buy Coca-Cola Stock Like There's No Tomorrow
Its product lines are not only always in demand, but enjoy strong pricing power. International tariff tensions and trade posturing don't pose major threats to its business. While not entirely immune to the effect of a bear market, the stock can be more comfortable to own. 10 stocks we like better than Coca-Cola › Stocks may have fought their way back from a bear market since April. But that recovery rally hasn't exactly been convincing. Several economic red flags are still waving, and now there's the potential for escalating conflict in and around the Middle East. The stock market could still be easily upended. If that's a worry for you, it doesn't necessarily mean you'll need to bail out of the market altogether. However, you'll want to try owning fewer stocks that are especially vulnerable to a bear market, while taking on more exposure to stocks that can stand up to economic weakness and recover reliably once it passes. The pick of the proverbial litter is arguably beverage behemoth Coca-Cola (NYSE: KO), for several reasons, three of which stand out among the rest. There's the Coca-Cola you know. That's the company with the world's best-selling soda of the same name, along with its derivatives like Diet Coke, Coke Zero, and Cherry Coke. Then there's the Coca-Cola you may not know. This is also the company behind Gold Peak tea, Minute Maid juice, Sprite, Powerade, Dasani water, and Powerade, just to name a few. It's got choices for consumers' ever-changing preferences, and can serve all beverage markets ranging from bulk-grocery to convenience stores to foodservice. That's not quite what makes Coca-Cola stock such a great bear market buy, although it's closely related. Rather, this beverage giant does well in all kinds of markets because its products are so well-loved and frequently used that consumers worldwide don't think twice about buying them -- even when the future is bleak and money may be tight. For perspective, despite the rampant inflation of the prior couple of years, its total sales volume was up slightly in both 2023 and 2024, while price increases allowed for organic revenue growth of 12% in both years. In other words, consumers and commercial customers willingly paid higher prices for Coca-Cola-made drinks. It's unlikely that a bear market would cause anyone to rethink this affordable indulgence. Although economic weakness and geopolitical trade tensions don't inherently go hand-in-hand, it would be naïve to believe one wouldn't exacerbate the other if either worsened. Companies relying on overseas revenue could be caught up in a trade war in the near future, stymied by tariffs that are largely meant to be punitive, or used as leverage. That's not a particularly big worry for Coca-Cola, though. There's very little product being made domestically that's being shipped across any border. By and large, Coca-Cola products are bottled where they're sold. The company works with roughly 200 different third-party bottlers that collectively manage about 950 production facilities located all over the world. In countries where its branded beverages aren't made, they're readily supplied by nearby facilities that aren't facing the same steep import/export tariffs most U.S. companies and consumers are suddenly facing. The only real cross-border concern Coca-Cola faces is the taxation of its profits earned overseas that are repatriated back into the United States, which isn't exactly the worst problem to have. The lingering inflation that could not only help cause a bear market, but worsen because of one, is certainly nothing to dismiss. Just keep the company's business model in mind. Coca-Cola's bottom line is largely linked to the amount of its branded beverages that are consumed, rather than the actual profitability of those packaged products. Most of the cost-based risk here is ultimately borne by its third-party bottling partners and distributors, which cover the bulk of variable expenses like delivery, local promotion, and production. Finally, if you're worried a bear market is now inevitable, buy Coca-Cola stock because its above-average dividend could prove valuable in an environment where almost everything else is underperforming. Be careful of reading too much into this broad idea. While the idea that growth stocks underperform during bear markets as certain value stocks manage to climb makes superficial sense, most stocks still lose ground during prolonged marketwide sell-offs. There aren't actually any proven safe-haven stocks, including Coca-Cola's, which has often fallen in step with the overall market during each of the last several technical recessions. Don't lose sight of another way Coca-Cola provides value, regardless of the market. Newcomers will be plugging into a stock with a forward-looking yield of just under 3%, based on a dividend that's now been raised for 63 consecutive years. There's no end in sight to this streak, either. This cash flow might not fully offset any setback that Coke shares may or may not suffer during and because of a bear market. Obviously, nobody can predict the future. But you can limit your overall risk by owning more stocks of resilient income-generating businesses and scaling back your exposure to more economically vulnerable ones. That's often enough. Everybody "takes some lumps" during bear markets. You just want to be sure you're fully invested at the beginning of new bull markets, since that's when some of the market's best gains are made. A safer dividend-paying name like Coca-Cola allows you to do this comfortably, even though it's impossible to predict when a new bull market will begin. The fact that the stock also gives you a small chance of logging gains during the bear market itself is just a bonus. Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Coca-Cola wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 James Brumley has positions in Coca-Cola. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Worried About a Bear Market? 3 Reasons to Buy Coca-Cola Stock Like There's No Tomorrow was originally published by The Motley Fool
Yahoo
2 days ago
- Yahoo
2 Warren Buffett Dividend Stocks to Build Your Passive Income Empire
Coca-Cola is one of the best high-yield stocks to buy and hold for the long term. SiriusXM's high cash flowing business can support its nearly 5% yield. 10 stocks we like better than Coca-Cola › Warren Buffett has created tremendous wealth for Berkshire Hathaway shareholders by investing in competitively positioned businesses at attractive valuations. Even while Buffett will be retiring at the end of the year, investors can find quality stocks among Berkshire's holdings that pay high yields and are approved by the master. Here are two of those stocks I would consider right now. Warren Buffett recognized the global appeal of Coca-Cola's (NYSE: KO) brand long before Wall Street caught on. He invested $1.3 billion in the stock more than 30 years ago, and Berkshire continues to hold 400 million shares. This large stake is set to earn Berkshire $816 million in dividend income over the next year, which is not a bad return on investment. Coca-Cola is a resilient brand. Despite a pandemic and high inflation in recent years, the company's revenue continues to grow. It earned $11 billion in net income on $47 billion of revenue over the last year. Its consistent sales stem from exceptional marketing and a global distribution network that gives the brand ample shelf space at retail outlets. This is one of the elite dividend stocks you can hold for retirement. It pays out about three-quarters of its annual earnings in dividends and has raised the dividend for 63 consecutive years. The dividend continues to grow along with the company's earnings, increasing by 55% over the last 10 years. Coca-Cola still has opportunities to grow sales, earnings, and dividends. A combination of growth in global population and consumer spending will drive higher sales for the world's most recognizable beverage brand. Coca-Cola has 30 brands generating at least $1 billion in annual sales. The quarterly dividend of $0.51 puts the forward dividend yield at 2.91%, but further growth in the dividend will keep increasing your income like it did for Berkshire Hathaway. Assuming it grows consistently with the last 10 years, the dividend could reach $0.75 by 2035. That would grow the annual income on an initial $10,000 investment to more than $400. Berkshire originally invested in the satellite radio leader in 2016. Over the last year, Berkshire has significantly raised its stake as the stock has fallen well off its highs. This suggests SiriusXM (NASDAQ: SIRI) could be significantly undervalued. On the surface, investors have a good hint of the stock's value by the high dividend yield. The company paid out just 22% of its free cash flow over the last year, but the forward yield is currently sitting at an attractive 4.78%. This is based on the current quarterly payout of $0.27. One reason the stock is down is due to the recent declines in subscribers, which fell from 34 million in Q1 2023 to 32.8 million in Q1 2025. But there are millions of people who have been loyal paying members for years and never consider cancelling because of the wide range of great content, including live sports coverage, news, and exclusive podcasts. The podcasts are driving strong growth in advertising, with podcast-driven ad revenue up 33% year over year in Q1. Buffett, or one of his investing deputies, are likely focusing on the historical stability of its subscriber base, and the consistent cash flows from recurring subscription fees. On a trailing-12-month basis, SiriusXM generated $976 million in free cash flow on $8.6 billion of revenue, which is a solid margin. Most importantly, this free cash flow should increase over the next few years as SiriusXM lapses the recent one-time investment in new satellites. It spent $262 million on satellites last year. This will drop to virtually zero by 2028, freeing up more cash flow. The stock is trading at a cheap free cash flow (FCF) multiple of 6.6 based on 2025 FCF guidance. In other words, if you were buying the whole business at the current market price, you would earn back your entire investment in less than seven years. Considering the prospects for higher free cash flow as capital spending on new satellites taper off, investors are looking at a very undervalued business, with an ultra-high yield to boot. Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Coca-Cola wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy. 2 Warren Buffett Dividend Stocks to Build Your Passive Income Empire was originally published by The Motley Fool
