Coca-Cola HBC (OTC:CCHGY) Stock, Quote.Headers.trade-ideas

Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2023, CCHBC sold 2.8 billion unit cases of beverages. For context, Coke's largest bottler, Coke Femsa, sold 4 billion unit cases in Latin America, and the second-largest—CCEP, serving Europe, Southeast Asia, and the South Pacific region—sold 3.3 billion unit cases. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.

COCA COLA HBC UNSP/ADR by Coca-Cola HBC AG

Coca-Cola HBC AG

News

Walker & Dunlop Arranges $245M Loan From TYKO Capital To Facilitate Construction Of The Greyson Tower, New Jersey

The Master Services Agreement will become effective on January 1, 2025, at which time, the master services agreement, dated September 22, 2022, between LiveWire and H-D, will terminate.
The Master Services Agreement has an initial term of seven years and will be renewable upon mutual agreement.&nbsp;
&nbsp;

LVWR

On December 23, 2024, LiveWire Group Entered Master Services Agreement With Harley-Davidson - Filing

GDYN

GEAR

Grid Dynamics Holdings To Replace Revelyst In S&P SmallCap 600, Effective Prior To The Opening Of Trading On January 2, 2025

Also, on December 23, 2024, the Company and Chris Clark, the Chief Technology Officer of the Company agreed that Clark's employment would be terminated, effective February 16, 2025.

Management

GROV

Grove Collaborative Says Stuart Landesberg Will Step Down As Executive Chair, Effective February 17, 2025; Plans To Transition To Role Of Non-Employee Member Of Board, Initially As Chairperson

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) aired its first NFL games on Christmas Day with two games featuring four of the<a href="https://www.benzinga.com/general/sports/24/12/42354185/nfl-games-set-thanksgiving-day-records-why-this-is-good-and-bad-news-for-streaming-giant-netflix"> top teams in the league.</a>
Here's a look at what happened and a poll that shows the holiday may have hurt viewership.
What Happened: Netflix <a href="https://www.benzinga.com/general/sports/24/12/42512587/netflix-analyst-say-its-only-investable-media-stock-projects-150-million-nfl-christmas-day-boost">spent an estimated</a> $150 million on the rights to two 2024 NFL games on Christmas Day. Strong advertising demand may help the streaming giant recoup the fees and turn the events into free marketing plays.
The big question will be how many viewers tuned in to the NFL games as they were Netflix exclusives and also competed against NBA games, which have traditionally been a staple on Christmas. Family gatherings and events also likely took top billing on Christmas, leaving investors and analysts to eagerly await official viewership data.
Using Benzinga's own methods of polling, the data doesn't suggest that viewership will be as strong for the NFL games as some may be expecting.
"Did you watch Netflix football games?" Benzinga asked during its <a href="https://www.youtube.com/watch?v=mgZkTiF6WnU">morning YouTube show </a>"Benzinga's Market Edge Live."
The results from the show&#8217;s YouTube viewership were:
<ul>
<li>Yes: 27%</li>
<li>No: 72%</li>
</ul>
Benzinga also<a href="https://www.benzinga.com/24/12/42653325/exclusive-netflix-to-have-merry-christmas-with-nfl-games-will-viewers-tune-in-60-say"> recently polled readers</a> and asked if they would be watching ahead of the Christmas Day games.
&#8220;Will you watch Christmas NFL games on Netflix?&#8221; Benzinga asked.
Here were the results:
<ul>
<li>Yes, I already have Netflix: 39%</li>
<li>No, I don&#8217;t have Netflix and won&#8217;t watch: 30%</li>
<li>No, even though I have Netflix: 30%</li>
<li>Yes, I plan to subscribe to Netflix to watch: 1%</li>
</ul>
The largest percentage of readers said they are subscribers and will be watching, getting 39% of the vote. Thirty percent of Netflix subscribers said they won&#8217;t be watching despite being able to watch the games for free with their subscription. Thirty percent said they do not have Netflix and won&#8217;t subscribe just to gain access to the NFL games.
In total, the poll found that 60% of readers don&#8217;t plan on watching the NFL games on Christmas Day.
Why It's Important: NFL viewership has been strong during the 2024 season, with the Chiefs being one of the most popular teams. The official Netflix viewership figure could show what the appetite is like for more holiday NFL games and more streaming exclusives.
In the first Christmas Day game this year, the Kansas City Chiefs defeated the Pittsburgh Steelers 29-10 to take their record to 15-1 on the season. The Steelers dropped to 10-6 on the season, with both teams already having NFL Playoffs spots clinched.
Chiefs tight end Travis Kelce led the way with eight catches for 84 yards and a receiving touchdown, which set the record for the most receiving touchdowns by a Chiefs player all time with 76.
In the second Christmas Day game on Netflix, the Baltimore Ravens defeated the Houston Texans 31-2 to improve their record to 11-5. The Texans fell to 9-7 on the season. Both these teams have also clinched spots in the 2024 NFL Playoffs.
In the Ravens dominant win, quarterback Lamar Jackson rushed for 87 yards and a rushing touchdown. Jackson now has 6,110 career rushing yards, breaking a record previously held by Michael Vick.
With the win and dominant performance, Jackson remains a favorite to win a second-straight NFL MVP. Jackson, who won MVPs for the 2019 and 2023 seasons, ranks second in the betting odds at sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with odds of +170. Buffalo Bills quarterback Josh Allen is the current favorite at -225.
Here are the current Super Bowl LIX betting odds from DraftKings:
<ul>
<li>Kansas City Chiefs: +360</li>
<li>Detroit Lions: +390</li>
<li>Buffalo Bills: +600</li>
<li>Philadelphia Eagles: +650</li>
<li>Baltimore Ravens: +650</li>
<li>Minnesota Vikings: +1,100</li>
<li>Green Bay Packers: +1,300</li>
<li>Los Angeles Rams: +3,000</li>
<li>Washington Commanders: +5,000</li>
<li>Pittsburgh Steelers: +5,000</li>
<li>Los Angeles Chargers: +5,000</li>
<li>Houston Texans: +5,000</li>
<li>Denver Broncos: +5,000</li>
</ul>
The Chiefs are back to being the betting favorite as they try to win three straight Super Bowls, which would be a first for any NFL team.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/12/42662975/exclusive-squid-game-broke-netflix-records-will-viewers-watch-season-2-70-of-benzinga-readers-say">EXCLUSIVE: &#8216;Squid Game&#8217; Broke Netflix Records, Will Viewers Watch Season 2? 70% Of Benzinga Readers Say…</a></li>
</ul>
Photo courtesy of Netflix.

Entertainment

Sports Betting

Sports

Exclusives

DKNG

NFLX

Netflix NFL Games Show Off Super Bowl Contenders, MVP Frontrunner: Benzinga Poll Says 27% Watched

SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares closed Thursday up more than 60%, and the stock isn&#8217;t slowing down after hours. Shares are up more than 3% in extended trading after the company announced it regained compliance with <a href="https://www.benzinga.com/pressreleases/24/12/g42694574/sealsq-regains-compliance-with-nasdaqs-minimum-bid-price-requirement">Nasdaq listing rules</a>.
What Happened: After the market close on Thursday, SEALSQ said it received formal written notice from the Nasdaq confirming that the company regained compliance with the Nasdaq&#8217;s minimum bid price requirement.
SEALSQ received a letter from the Nasdaq on Aug. 1, stating that the company was not in compliance with the&nbsp;$1&nbsp;minimum bid price requirement for continued listing on the Nasdaq. The company was required to maintain a minimum bid price of at least $1 for 10 consecutive trading days prior to Jan. 28. 
SEALSQ said it was informed that it regained compliance after its shares traded above the $1 level from Dec. 11 to Dec. 24. Shares are responding favorably to the announcement that the matter is now closed. SEALSQ shares are now up more than 2,000% over the past month, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
SEALSQ stock rallied more than 60% during normal trading hours on Thursday after the company announced the launch of SEALQUANTUM.com Lab, designed to support organizations transitioning to&nbsp;quantum-safe encryption. 
&#8220;As quantum technologies become a reality, the need for quantum-safe encryption solutions grows increasingly urgent,&#8221; said Carlos Moreira, CEO of SEALSQ. 
&#8220;Our&nbsp;SEALQUANTUM.com&nbsp;Lab is more than just a platform, it&#8217;s a commitment to future-proofing our clients&#8217; security. By combining cutting-edge research with actionable tools, we&#8217;re empowering businesses to navigate the complexities of quantum cryptography with confidence.&#8221;
SEALSQ describes itself as &#8220;a company that focuses on developing and selling semiconductors, PKI and post-quantum technology hardware and software products.&#8221;
Check This Out: <a href="https://www.benzinga.com/24/12/42686387/sealsq-launches-sealquantumcom-lab-to-help-businesses-transition-to-quantum-safe-encryption">SEALSQ Launches SEALQUANTUM.com Lab To Help Businesses Transition To Quantum-Safe Encryption</a>
LAES Price Action: <a href="http://benzinga.com/quote/laes">SEALSQ shares</a> were up 0.23% in after hours, trading at $8.78 at the time of publication Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Movers

Tech

LAES

SEALSQ Corp Shares Are Moving Higher After Hours: What's Going On?

Editor&#8217;s note: This story has been updated with comment from Zelle and Bank of America. 
The Consumer Financial Protection Bureau sued three of the nation's largest banks and the operator of Zelle last week, alleging a failure to protect consumers from widespread fraud on the peer-to-peer payment network, resulting in customer losses of more than <a href="https://www.benzinga.com/markets/equities/24/08/40155365/zelle-controversy-heats-up-jpmorgan-considers-legal-action">$870 million since 2017.&nbsp;</a>
The Details: The CFPB's <a href="https://www.consumerfinance.gov/enforcement/actions/early-warning-services-llc-bank-of-america-na-jpmorgan-chase-bank-na-wells-fargo-bank-na/">lawsuit</a> alleges that JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Early Warning Services rushed to complete the Zelle payment network in order to compete with Venmo and CashApp and neglected to enact effective fraud safeguards. 
Read Next: <a href="https://www.benzinga.com/news/24/12/42669113/waymos-autonomous-vehicles-are-safer-than-human-drivers-report">Waymo&#8217;s Autonomous Vehicles Are Safer Than Human Drivers: Report</a>
"The nation's largest banks felt threatened by competing payment apps, so they rushed to put out Zelle," said CFPB Director Rohit Chopra. "By their failing to put in place proper safeguards, Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves."
The lawsuit further alleges that the banks "systemically failed" their customers by failing to properly investigate customer complaints or share information on known acts of fraud which allowed bad actors to hop between banks and commit repeated fraudulent transactions.&nbsp;
Zelle told Benzinga in an emailed statement that it sees the CFPB's lawsuit as politically motivated and&nbsp; "legally and factually flawed." Zelle said it "leads the fight against scams and fraud" and that its reimbursement policies exceed those required by law.
"The CFPB's misguided attacks will embolden criminals, cost consumers more in fees, stifle small businesses and make it harder for thousands of community banks and credit unions to compete,&#8221; said&nbsp;Jane Khodos, Zelle spokesperson.
A Bank of America spokesperson told Benzinga that more than 99.5% of Zelle transactions go through without incident and when an issue arises, the bank works directly with the customer to resolve it.
"We strongly disagree with the CFPB's effort to impose huge new costs on the 2,200 banks and credit unions that offer the free Zelle service to clients," Bank of America added.
Benzinga also contacted JPMorgan, Wells Fargo, Bank of America and Early Warning Services for comment on the lawsuit.
JPMorgan told CBS News that the CFPB has a &#8220;political agenda,&#8221;and the agency is &#8220;overreaching its authority by making banks accountable for criminals, even including romance scammers.&#8221;
The CFPB said its lawsuit aims to stop the banks' alleged unlawful practices, secure penalties for the violations and obtain other relief for consumers.&nbsp;
"The banks failed to fix glaring flaws in their systems even as hundreds of thousands of customers filed complaints about fraud," Chopra said in a <a href="https://www.consumerfinance.gov/about-us/newsroom/prepared-press-call-remarks-of-cfpb-director-rohit-chopra-on-the-zelle-lawsuit-announcement/">statement</a>.
"The banks knew their customers were having their money stolen, but since they weren't bearing the cost of these losses themselves, they dragged their feet on fixing the problems," he added.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42653466/honda-nissan-plan-to-merge-in-the-face-of-chinese-ev-competition">Honda, Nissan Confirm Merger Plans To Offset Chinese EV Competition: How Mitsubishi Factors In</a></li>
</ul>
Image: Shutterstock.

Fintech news covering the emerging Financial Technology services sector

Fintech

Large Cap

Legal

'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)

The company announced that following the results of the Company's 2024 Annual Meeting, three new directors were elected to the Board of Directors by its stockholders: John A. Moore, General Victor E. Renuart Jr. and Robert D. Straus.

TPCS

TechPrecision Board Appoints Victor Renuart To Serve As Chair And Robert Straus As Vice-chair

Guidance

CRKN

Crown Electrokinetics CEO Highlights 2024 Achievements And 2025 Goals; Reports $20M Revenue For 2024, Projects Profitability By H1 2025; Appeals NASDAQ Delisting With Reverse Stock Split Proposal Ahead Of Jan. 14 Vote

The company emphasized that its decision to voluntarily close the trial is not the result of any new safety finding.

VIRX

Viracta Therapeutics Plans To Close Its Ongoing Pivotal Phase 2 Clinical Trial Of Nana-val In Relapsed/Refractory EBV + Lymphomas

Viracta Therapeutics Board Initiates Process To Explore Broad Range Of Strategic Alternatives

PLBY

PLBY Group Enters Retention Agreement With Each Of Its Named Executive Officers: Ben Kohn, CEO And President; Marc Crossman, CFO And COO; And Chris Riley, General Counsel And Secretary - Filing

Federally funded&nbsp;survey data&nbsp;provided by the University of Michigan indicates&nbsp;that teen marijuana use has declined significantly over the past decade and is now at historic lows.
Consistent with data previously reported by the <a href="https://norml.org/blog/2024/08/07/cdc-data-highlights-sustained-decline-in-youth-marijuana-use/">Centers for Disease Control and Prevention</a> and the <a href="https://norml.org/blog/2024/07/31/government-survey-data-shows-nearly-20-percent-decline-in-teen-marijuana-use-over-past-decade/">National Survey on Drug Use and Health</a>, the University of Michigan's annual Monitoring the Future report finds that cannabis use by young people is at a 30-year low. The federally funded Monitoring the Future survey has been operating since 1975.
This year's&nbsp;<a href="https://monitoringthefuture.org/data/index.html" target="_blank" rel="noreferrer noopener">findings</a> are based on responses from about 24,000 students in grades 8, 10 and 12 in schools across the U.S. The survey is "one of the best, if not the best" source of national data for substance use by teens, said Noah Kreski, a Columbia University researcher who has studied teen drug use, <a href="https://apnews.com/article/teen-drug-use-b5e877b4c7eecb5354c3b8214e7d8692">noted</a> the AP.
In a Dec. 17 <a href="https://nida.nih.gov/news-events/news-releases/2024/12/reported-use-of-most-drugs-among-adolescents-remained-low-in-2024">press release</a> issued by the National Institutes of Health on the same day of the report, <a href="https://www.benzinga.com/topic/nora-volkow">Nora Volkow</a>, M.D., director of NIH's National Institute on Drug Abuse described the overall decline in substance use by young people as "unprecedented."
Read Also: <a href="https://www.benzinga.com/24/12/42690082/trump-is-first-republican-president-with-a-pathway-to-cannabis-reform-says-former-adviser">Trump Is First &#8216;Republican President&#8217; With A Pathway To Cannabis Reform, Says Former Adviser</a>
"This trend in the reduction of substance use among teenagers is unprecedented," Volkow said. "We must continue to investigate factors that have contributed to this lowered risk of substance use to tailor interventions to support the continuation of this trend."&nbsp;
Over the past 10 years, during which time 24 states legalized adult-use marijuana sales, the percentage of 8th graders, 10th graders and 12 graders who reported having ever consumed cannabis declined 32%, 37% and 23%, respectively, according to the study.
"Sensational claims that adult-use legalization laws are linked with greater marijuana use by teens are simply not backed by reliable data," said <a href="https://www.benzinga.com/topic/paul-armentano">Paul Armentano</a>, deputy director  of the National Organization for the Reform of Marijuana Laws. "These findings ought to reassure lawmakers that cannabis access can be legally regulated in a manner that is safe, effective, and that does not inadvertently impact young people's habits."
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/12/42597912/pesticides-in-pot-the-overlooked-dangers-of-californias-legal-weed">Pesticides In Pot: Overlooked Dangers Of California&#8217;s Legal Weed</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Cannabis

Government

Cannabis Use Among Teens Plummets To 30-Year Low, Study Finds

The company announced the sale of a portion of its available-for-sale investment securities portfolio as part of a strategic balance sheet repositioning.
Additionally, the Bank maintains liquidity metrics, including holding over $35 million in cash, cash equivalents, and Treasury securities. Additionally, the Bank has an unused secured line of credit of over $250 million with the Federal Home Loan Bank of New York.
&nbsp;

RBKB

Rhinebeck Bancorp Says Remained 'Well Capitalized' Following Restructuring; Says Restructuring Decreased Average Life Of The Securities Portfolio And Is Expected To Improve Earnings Stream Beginning In Q1'25

IMKTA

Ingles Markets Announced That It Received A Notice From Nasdaq Stating The Company Is No Longer In Compliance With Nasdaq Listing Rule 5250(c)

Bank Of America Reveals Full Redemption Of Its Series MM Preferred Stock And Related Depositary Shares

WIIM

AREN

The Arena Group Holdings shares are trading higher after the company's compliance plan was accepted by the NYSE American.

Offerings

Orange County Bancorp Announced A Two-For-One Forward Stock Split

OMEX

Odyssey Marine Exploration shares are trading higher following the purchase of 250,000 shares by a company director.

Insider Trades

Odyssey Marine Exploration Director Mark B Justh Discloses Purchase Of 250,000 Shares

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
A subject you don&rsquo;t read about a lot in the business media is investing in Greece. Europe? Sure. Even Latin America. But Greece? Not so much.&nbsp;



In December, I noticed an article from Barron&rsquo;s that discussed why Greece&rsquo;s turnaround is underway. John Paulson, the hedge fund guy, is big on the Greek markets.&nbsp;




&ldquo;Greece&rsquo;s stock market is already up 40% so far this year, and some major investors expect it has more room to run. Hedge fund billionaire John Paulson, a long-time investor in the country, is bullish and looking for more opportunities,&rdquo; wrote Barron&rsquo;s contributor Patti Domm on Dec. 19.





&ldquo;&lsquo;One measure is the value of the stock market to the total economy. It&rsquo;s about 30% in Greece today. The previous peak was 80%, and the European average has been 80%,&rsquo; Paulson said.&rdquo;




The difficulty for the average do-it-yourself is finding Greek stocks to buy that aren&rsquo;t over-the-counter. There are brokers such as Interactive Brokers Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/ibkr-stock-quote/">IBKR</a>), which can seem daunting to smaller investors. For Paulson, he&rsquo;s got a whole company to help him.&nbsp;



However, if you like investing in Greece, here are three ways to do so.&nbsp;



<h2>Global X MSCI Greece ETF (GREK)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/etf-blocks-1600-300x169.jpg" alt='the word "etf" spelled out in many yellow cubes against a background of many black cubes'><div>Source: shutterstock.com/Imagentle</div></div>


The easiest way to invest in Greece is to buy the Global X MSCI Greece ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/grek-stock-quote/">GREK</a>). The ETF tracks the performance of the MSCI All Greece Select 25/50 Index, investing in the largest and most liquid companies in Greece.&nbsp;




&ldquo;GREK is the first and only ETF to directly target Greece,&rdquo; <a href="https://www.globalxetfs.com/funds/grek/" target="_blank">Global X&rsquo;s website states</a>




Because it can be challenging to invest in Greece from the United States, it&rsquo;s understandable that the ETF has managed to gather more than $185 million in net assets.



The ETF currently invests in 26 companies. These companies have a weighted average market capitalization of $4.11 billion, a 16.6% return on equity, and an 8.5 price-to-earnings ratio.&nbsp;



The top three sectors by weight are financials (41.8%), industrials (18.4%), and utilities (11.1%). Interestingly, there is no tech component. That in itself makes GREK an outlier from most ETFs.&nbsp;



As of Dec. 31, 2023, GREK&rsquo;s one-year return was 42.7%. Over the past five years, its annualized return was 15.1%. That&rsquo;s slightly better than the S&amp;P 500.



It charges 0.57% annually, which isn&rsquo;t too bad for an emerging market.&nbsp;&nbsp;



<h2>National Bank of Greece (NBGRY)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/banks1600-300x169.jpg" alt="Image of a grey cityscape with a large corporate building that features the word bank on it"><div>Source: Shutterstock</div></div>


National Bank of Greece (OTCMKTS:<a href="https://investorplace.com/stock-quotes/nbgry-stock-quote/">NBGRY</a>) is an ADR (American Depositary Receipt) trading over-the-counter in the U.S. <a href="https://www.nbg.gr/en/group/activities/bank" target="_blank">The bank was founded in 1841</a>, making it the first bank of the modern Greek state.&nbsp;



In business for 182 years, it has approximately 356 branches across Greece, serving six million clients and 2.8 million active digital banking users. The bank is the largest holding of GREK, representing 13.89% of the ETF&rsquo;s net assets.&nbsp;



As I look at the bank&rsquo;s Q3 2021 press release, its CET1 capital ratio stands out as a big positive at <a href="https://www.nbg.gr/-/jssmedia/Files/Group/enhmerwsh-ependutwn/Press-Releases/NBG-3Q23-Results-Press-Release-E.pdf?rev=490d366017054774867c049919b7cdbf&amp;_gl=1&#x2A;1neogtp&#x2A;_ga&#x2A;MTU5OTIxNTU4My4xNzA1NDI0ODYw&#x2A;_up&#x2A;MQ..&#x2A;_ga_44Y14P97V7&#x2A;MTcwNTQyNDg1OS4xLjAuMTcwNTQyNDg2OS4wLjAuMA..">17.9%</a>, up from 17.3% in Q2 2023 and 15.2% a year ago. By comparison, JPMorgan Chase&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) CET1 ratio was <a href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/3rd-quarter/fa584ba1-9ee9-4b87-8ac4-eb9be0e9744b.pdf">14.3%</a> at the end of September.&nbsp;



Now, I&rsquo;m not suggesting it&rsquo;s in the same league as Jamie Dimon&rsquo;s baby, but it&rsquo;s much better than what one might expect from a Greek bank.



With 35.32 billion euros ($38.40 billion) in loans and 56.29 billion euros ($61.20 billion) in deposits, it&rsquo;s more than holding its own with banks in other emerging markets.&nbsp;



<h2>Coca-Cola HBC (CCHGY)&nbsp;&nbsp;</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/coke-1600-300x169.png" alt="Coca-Cola Consolidated sign outside of their building. COKE Stock."><div>Source: Jonathan Weiss / Shutterstock</div></div>


Coca-Cola HBC (OTCMKTS:<a href="https://investorplace.com/stock-quotes/cchgy-stock-quote/">CCHGY</a>) bottles and sells Coca-Cola (NYSE:<a href="https://investorplace.com/stock-quotes/ko-stock-quote/">KO</a>) products in <a href="https://www.coca-colahellenic.com/en/about-us/at-a-glance">29 countries</a>, including Egypt, its newest market, which it entered in <a href="https://www.beveragedaily.com/Article/2022/01/13/Coca-Cola-HBC-AG-completes-acquisition-of-majority-stake-in-Coca-Cola-Bottling-Company-of-Egypt">January 2022</a>, with the acquisition of 52.7% of the Coca-Cola Bottling Company of Egypt. Later that month, it acquired an additional <a href="https://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=4035753&amp;lang=en-GB&amp;companycode=ch-cch&amp;v=">42%</a>. It now holds 94.7%.&nbsp;&nbsp;



Other countries in<a href="https://www.coca-colahellenic.com/en/about-us/who-we-are/where-we-operate" target="_blank"> which it operates include Austria</a>, Ireland, Croatia, Latvia, Belarus, Nigeria and Greece.&nbsp;



The Greek portion of its business <a href="https://www.coca-colahellenic.com/en/about-us/who-we-are/history" target="_blank">started in 1969</a> as the Hellenic Bottling Company based in Athens. In 1991, its shares were listed on the Athens Stock Exchange. On Aug. 9, 2000, <a href="https://www.sec.gov/Archives/edgar/data/1190713/000095012303012650/u46807fv4.htm#:~:text=CCHBC%20was%20formed%20on%20August,and%20Coca%2DCola%20Beverages%20plc." target="_blank">Hellenic merged with Coca-Cola Beverages plc</a> to form Coca-Cola Hellenic Bottling Company. It listed its ADS&rsquo; (American Depositary Shares) on the NYSE in October 2002.&nbsp;



However, once it was listed on the London Stock Exchange in April 2013, its NYSE listing became redundant. It was delisted on <a href="https://www.manufacturing-supply-chain.com/coca-cola-hbc-to-delist-from-new-york-stock-exchange/">July 24, 2014</a>. The company officially moved to Zug, Switzerland, in April 2013 to lower its corporate tax rate. The European Parliament&rsquo;s November 2015 report on multinational corporate taxation suggests the company saved <a href="https://www.europarl.europa.eu/cmsdata/93083/Coca-Cola.pdf">30 million euros</a> ($32.6 million) in tax in 2014 alone.&nbsp;&nbsp;&nbsp;&nbsp;



The company&rsquo;s been busy in the last couple of years making acquisitions. In August 2022, it acquired the super-premium Three Cents brand of mixers for <a href="https://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=4148267&amp;lang=en-GB&amp;companycode=ch-cch&amp;v=">45 million</a> euros ($48.9 million). In June 2023, it made an even bigger splash, acquiring Finlandia vodka from Brown-Forman (NYSE:<a href="https://investorplace.com/stock-quotes/bf.b-stock-quote/">BF.B</a>) for <a href="https://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=4343492&amp;lang=en-GB&amp;companycode=ch-cch&amp;v=">$220 million</a>. Coca-Cola HBC distributed the product for 17 years, so it was a logical choice to purchase the brand from the maker of Jack Daniels.&nbsp;&nbsp;



If you want an even safer way to play it, Coca-Cola <a href="https://www.coca-colahellenic.com/en/investor-relations/shareholder-centre/shareholder-structure" target="_blank">owns 21% of Coca-Cola HBC</a>.&nbsp;&nbsp;&nbsp;



On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/01/the-top-3-ways-to-play-the-coming-comeback-for-greece/">The Top 3 Ways to Play the Coming Comeback for Greece</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The Top 3 Ways to Play the Coming Comeback for Greece

Despite macroeconomic concerns, beverage demand is expected to remain stable, thanks to consumer preferences and rising health awareness. Therefore, fundamentally strong beverage stocks Fomento Económico Mexicano (FMX), Kirin Holdings (KNBWY) and Coca-Cola (CCHGY) might be ideal additions to your portfolio. Read on... The beverage industry is expected to thrive due to inelastic demand, changing consumer preferences, technological advancements, and effective marketing strategies, all of which are expected to drive future growth.
Given the industry's growth prospects, fundamentally strong beverage stocks Fomento Económico Mexicano, S.A.B. de C.V. (<a href="https://stocknews.com/stock/FMX/">FMX</a>), Kirin Holdings Company, Limited (<a href="https://stocknews.com/stock/KNBWY/">KNBWY</a>) and Coca-Cola HBC (<a href="https://stocknews.com/stock/CCHGY/">CCHGY</a>) might be worth buying.
Before discussing the fundamentals of these stocks in detail, let's see what's driving the beverage industry.
In 2024, the global non-alcoholic beverages market is expected to attain a value of $987.30 billion, and it is poised for significant expansion, reaching a projected value of $1.89 trillion by 2034, exhibiting a CAGR of 6.7% during the forecast period.
The global ready-to-drink beverage market is expected to reach $176.57 billion by 2030, expanding at a <a href="https://www.maximizemarketresearch.com/market-report/ready-to-drink-beverages-market/200422/">7.1% CAGR</a>. The growth of the ready-to-drink beverage market can be attributed to the increasing demand for convenience and on-the-go consumption. Additionally, the rising popularity of healthier beverage options among consumers is also driving market growth.
In addition, the global functional beverages market is expected to grow at a <a href="https://www.thebusinessresearchcompany.com/report/functional-beverages-global-market-report">5.9% CAGR</a> to $207.77 billion by 2028. The growing demand for functional beverages is driven by health-conscious consumers seeking healthier options with added benefits like improved energy, immunity, and digestion, resulting in market growth.
Considering these conducive trends, let's take a look at the fundamentals of the three above-mentioned <a href="https://stocknews.com/category/beverages/">Beverages</a> stocks, starting with the third pick.
Stock #3: Fomento Económico Mexicano, S.A.B. de C.V. (<a href="https://stocknews.com/stock/FMX/">FMX</a>)
Based in Monterrey, Mexico, FMX, through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages.
In terms of trailing-12-month EV/EBITDA multiple, FMX is trading at 8.64 is 21.7% lower than the industry average of 11.18. In addition, FMX's trailing-12-month EV/Sales of 1.20x is 27.2% lower than the industry average of 1.64x.
FMX's trailing-12-month net income margin of 8.92% is 87.6% higher than the industry average of 4.76%. Its trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp#:~:text=The%20ROTA%20metric%20can%20be,it%20should%20be%20in%20reality.">ROTA</a> is 8.30% is 80.8% higher than the industry average of 4.59%.
FMX's total revenue increased 19.3% year-over-year to Mex$188.10 billion ($10.96 billion) in the third quarter that ended September 30, 2023. The company's gross profit rose 22.1% from the year-ago value to Mex$72.08 billion ($4.20 billion), while its income from operations grew 12.6% from the prior-year quarter to Mex$15.93 billion ($928.57 million).
Also, its EBITDA increased 15.1% from the year-ago value to Mex$25.37 billion ($1.48 billion).
FMX's revenue grew at CAGR of 15.4% over the past three years. In addition, its net income grew at 154.7% CAGR over the past three years.
Analysts expect FMX's revenue to increase 6.9% year-over-year to $47.63 billion for the year ending December 2024. Its EPS is expected to come in at $5.68 for the same period. It is expected to surpass EPS in three of four trailing quarters. The stock has gained 65.8% over the past year to close the last trading session at $140.14.
FMX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
FMX has a B grade for Growth, Stability, Sentiment and Quality. Within the B-rated <a href="https://stocknews.com/category/beverages/">Beverages</a> industry, it is ranked #12 out of 34 stocks. To see additional POWR Ratings for Value and Momentum for FMX, <a href="https://stocknews.com/stock/FMX/">click here</a>.
Stock #2: Kirin Holdings Company, Limited (<a href="https://stocknews.com/stock/KNBWY/">KNBWY</a>)
Headquartered in Tokyo, Japan, KNBWY engages in the food and beverages, pharmaceuticals, and health science businesses. The company offers beer, wine, and spirits; dairy products; pharmaceutical products; and biochemical products. In addition, it operates factories and theme park businesses and manages a chain of Kirin City beer pubs.
KNBWY's forward EV/Sales of 1.24x is 24.4% lower than the industry average of 1.64x. Its forward Price/Sales of 0.83x is 25.2% lower than the industry average of 1.12x.
KNBWY's trailing-12-month CAPEX / Sales of 5.70% is 78.6% higher than the 3.19% industry average. Its trailing-12-month gross profit margin of 45.28% is 34.4% higher than the 33.70% industry average.
For the year that ended December 31, 2023, KNBWY's revenue grew 7.3% year-over-year to ¥2.13 trillion ($14.18 billion). The company's profit increased 4.6% from the year-ago value to ¥150.44 billion ($999.12 million). Its earing per share came in at ¥139.16, up 3% from the previous year's quarter.
Furthermore, as of September 30, 2023, the company's total assets were ¥2.87 trillion ($19.06 billion), compared to ¥2.54 trillion ($17.52 billion) as of December 31, 2022.
KNBWY's revenue grew at CAGR of 3.7% over the past three years. In addition, its total assets grew at 6.6% CAGR over the past three years.
The consensus revenue came in at $14.61 billion for the fiscal year ending December 2024 represents a 3.3% increase year-over-year. Its EPS is expected to grow 19.8% year-over-year to $1.17 for the same period. KNBWY's shares have gained 4.4% past six months to close the last trading session at $14.39.
It's no surprise that KNBWY has an overall B rating, equating to a Buy in our POWR Ratings system. It has a B grade for Value, Growth, Stability and Quality. It is ranked #7 in the same industry.
Beyond what is stated above, we've also rated KNBWY for Sentiment and Momentum. Get all KNBWY ratings <a href="https://stocknews.com/stock/KNBWY/">here</a>.
Stock #1: Coca-Cola HBC (<a href="https://stocknews.com/stock/CCHGY/">CCHGY</a>)
Based in Steinhausen, Switzerland, CCHGY engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages internationally. The company markets and sells its products under Coca-Cola, Fanta, Sprite, Adez, Amita, Aperol, Avra, Fruice, Kinley, and other brands.
CCHGY's forward EV/Sales of 1.15x is 30.1% lower than the industry average of 1.64x. Its forward Price/Sales of 0.92x is 18% lower than the industry average of 1.12x.
CCHGY's trailing-12-month ROCE of 20.64% is 80.6% higher than the industry average of 11.43%. Its 6.48% trailing-12-month net income margin is 36.2% higher than the 4.76% industry average.
For the year that ended December 31, 2023, CCHGY's net sales revenue increased 10.7% year-over-year to €10.18 billion ($10.90 billion). Its operating profit grew 35.5% year-over-year to €953.60 million ($1.02 billion). The company's comparable EBIT was €1.08 billion ($1.16 billion), an increase of 16.6% from the previous year's period.
In addition, CCHGY's net profit and comparable EPS rose 53.2% and 52.6% year-over-year to €636.50 million ($681.46 million) and €1.73, respectively.
CCHGY's revenue grew at CAGR of 15.5% over the past three years. In addition, its net income grew at 15.9% CAGR over the past three years.
Street expects CCHGY's revenue to come in at $11.62 billion for the year ending December 2024, increase 4.4% year-over-year. Shares of CCHGY have gained 17.7% over the past year to close the last trading session at $27.58.
CCHGY has an overall A rating, equating to a Strong Buy in our POWR Ratings system.
CCHGY's is ranked #2 in the same industry. It has an A grade for Stability and a B for Growth and Value. To see additional CCHGY's ratings for Sentiment and Quality, <a href="https://stocknews.com/stock/CCHGY/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
FMX shares were trading at $141.30 per share on Wednesday afternoon, up $1.16 (+0.83%). Year-to-date, FMX has gained 8.40%, versus a 4.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/fmx-knbwy-cchgy-3-beverage-stocks-poised-for-2024-growth/>3 Beverage Stocks Poised for 2024 Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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