Buffett told CNBC quite simply that there is "absolutely no chance of that" happening. Winters, the founder and CEO of Wintergreen Advisers, has sent notices to Coca-Cola's shareholders and board as well as Buffett himself to criticize the company's 2014 equity plan. Winters believes this plan "will significantly erode the per-share value of Coca-Cola shares."
Coca-Cola rose in pre-market trading after Winters' remarks in an interview with Fox Business. The stock was up 0.22% to $40.75 at 10:07 a.m. following Buffett's comments.
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In other news, Coca-Cola also partnered with 3D Systems (DDD) and Black Eyed Peas front man will.i.am to create the Ekocycle Cube, a 3D printer that takes some of its materials from recycled plastic bottles.
Furthermore, Coca-Cola is an official partner of FIFA for the 2014 World Cup, which is underway in Brazil.
Separately, TheStreet Ratings team rates COCA-COLA CO as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate COCA-COLA CO (KO) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."