the coca cola company presentation

Coca-Cola: Buy This Dividend Grower On Sale Now

• Coca-Cola's phenomenal brand portfolio supports one of the longest dividend growth streaks in the world.
• The company flexed its brand power with price hikes, which helped it to top the analyst consensus for net revenue and comparable EPS.
• The consumer staple's balance sheet remains sound.
• Coca-Cola's shares could be trading at a 9% discount to fair value.
• The Dividend King could be poised to deliver 30%+ cumulative total returns through 2026.

Somebody pours cola from a bottle into a glass on a table.

Dreamer Company

In dividend investing, brand quality is of the utmost importance. This is especially so when investing in consumer-facing businesses. Why do I make this claim?

Because the more loyal customer base that a product portfolio has, the greater pricing power it is afforded. That tends to convert into steadily increasing sales and earnings, which ultimately supports the rising dividend payments that I am pursuing.

When it comes to consumer-facing businesses, there is arguably nobody that can outdo Coca-Cola ( NYSE: KO ). When I last covered KO with a buy rating in March , that was one of the reasons that I liked it so much. The A-rated balance sheet also bolstered the investment case. Finally, shares were slightly discounted.

Today, I will be updating my thesis for the first-quarter results that were announced on April 30. The company's brand power was again reflected in its operating and financial results. Coca-Cola's growth outlook is fine. The consumer staple remains financially sound. Shares have arguably become more valuable, which makes the discount even greater now.

An Exceptional Brand Portfolio Powered Great Q1 Results

KO Q1 2024 Earning Press Release

KO's first-quarter results offered more proof that the company is returning to meaningful growth. The company's net revenue edged 2.9% higher year-over-year to $11.3 billion in the quarter. For perspective, that came in $330 million better than Seeking Alpha's analyst consensus.

At a glance, this growth seems uninspiring at best. However, the results were much stronger than total net revenue growth initially suggested. This is because KO's organic revenue surged 11% higher during the first quarter.

Underpinning these results is the popularity of the company's portfolio of beverages. More than two billion servings of KO's products are consumed each day. That means the company's products are a part of more than a billion people's routines.

Because KO's products are viewed by many as cheap and simple pleasures, it has a great deal of pricing power as well. The company leveraged this with 13% price/mix growth for the first quarter. Yet, even with these higher prices, KO's unit case volume grew by 1% in the quarter.

Due to the company's substantial international presence, much of these tailwinds were offset by unfavorable foreign currency translation. That weighed on net revenue to the tune of 6% during the first quarter.

Concentrate sales were down by 2% for the first quarter. However, this was attributable to the timing of concentrate shipments and one less day in the quarter.

Finally, divestiture negatively impacted net revenue by 2% during the first quarter. That was because KO decided to refranchise bottling operations in Vietnam in January 2023. Earlier this year (January and February), the company also refranchised some bottling operations in India. In February, KO also refranchised bottling operations in Bangladesh and the Philippines.

The company's comparable EPS rose by 6.7% over the year-ago period to $0.72 for the first quarter. That was $0.02 ahead of Seeking Alpha's analyst consensus.

Disciplined cost management helped KO's non-GAAP net profit margin expand by 80 basis points in the first quarter. Along with a 0.5% reduction in the diluted share count from share buybacks, this is how the company's comparable EPS growth rate outpaced the net revenue growth during the quarter.

KO 2024 CAGNY Investor Presentation

One thing that can be deceiving about KO is that for its size, it isn't operating high up in some ivory tower. The company is generally adept at gauging the preferences and perceptions of consumers. That is how KO's non-alcoholic ready-to-drink market share improved from 26% in 2015 to the high-20% range recently.

In the years ahead, I believe KO's market share of the NARTD market will remain steady or slightly grow further. This is because of recent moves the company has made to build on its brand relevance.

For instance, KO recently launched K-Wave in Australia, a drink infused with a fruity flavor. This was to celebrate the devotion of fans to their favorite K-Pop artists.

According to Chairman and CEO James Quincey's opening remarks during the Q1 2024 Earnings Call , this was aimed at warming up Gen Z drinkers to its brands. So, even though this is a limited edition drink, the potential to win over this demographic is what makes it a winning move in my opinion.

KO also began its Minute Maid Zero Sugar global campaign in North America during the quarter. Harnessing the pull of influencers and social media should also be a positive to future growth.

This is why I believe the FAST Graphs comparable EPS forecasts for the next few years are reasonable. In 2024, the consensus is that comparable EPS will increase by 4.8% to $2.82. For 2025, another 6.9% growth to $3.02 is anticipated. In 2026, a 7.5% growth to $3.24 is currently being projected.

No discussion of KO can be complete without a mention of its remarkable financial strength. The company's leverage ratio improved sequentially from 1.7x in Q4 2023 to 1.6x in Q1 2024 per CFO John Murphy. That is well under the targeted net debt leverage ratio of between 2x and 2.5x.

This gives the company room to send a final $765 million payment to fairlife in 2025. This is because the ultra-filtered milk company has outperformed expectations, so it was entitled to receive this payment.

More importantly, KO had $15.2 billion in cash and short-term investments on hand as of March 29. That gives the company plenty of resources to challenge the ongoing $3.3 billion case (plus interest) with the United States Internal Revenue Service concerning the tax years 2007 through 2009. Even if KO were to lose its case, it has ample resources to pay this settlement without running into any financial issues (unless otherwise sourced or hyperlinked, all details in this subhead were according to KO's Q1 2024 Earnings Press Release , KO's CAGNY 2024 Investor Presentation , and KO's 10-K Filing ).

Fair Value Is Closing In On $70 A Share

FAST Graphs, FactSet

Since my previous article, shares of KO have gained 3% to the 2% gains of the S&P 500 index ( SP500 ). Thanks to the company's solid execution and time passing, I believe shares have become valuable by more than these gains.

Ownership in KO is trading hands at a current-year P/E ratio of 21.7. This is below the 10-year normal P/E ratio of 23.3 per FAST Graphs.

In my view, a reversion to this valuation multiple is very much on the table. Sure, even as interest rates settle lower, they will be greater than the average throughout the past 10 years.

For my money, KO makes up for this through its improved growth prospects. Steps taken in recent years to trim lower conviction brands from the portfolio and go all-in on bigger brands appears to be paying dividends. This has allowed KO's annual earnings growth to improve from sub-4% to a three-year annual forward growth consensus of 6.6%.

When this week is complete in a few days, 2024 will be 42% finished. That means 58% of the year will remain and 42% of 2025 will lie ahead in the coming 12 months. This is how I'm considering the $2.82 2024 analyst comparable EPS consensus and $3.02 2025 analyst comparable EPS consensus. That provides me with a 12-month forward comparable EPS input of $2.90.

Using this earnings input with my fair value multiple, I get a fair value of $68 a share. That works out to a 9% discount to fair value from the current $62 share price (as of May 29, 2024). If KO grows as expected and returns to fair value, it could post 30%+ cumulative total returns by the end of 2026.

Dividend Growth Is Ramping Up

The Dividend Kings' Zen Research Terminal

KO's 3.1% forward dividend yield is modestly better than the consumer staples sector median forward yield of 2.8%. Thus, the company earns a B- grade for forward dividend yield from Seeking Alpha's Quant System .

KO doesn't just offer market-beating income, either. This is backed up by what will be a 62-year dividend growth streak after this year is complete. That is substantially greater than the consumer staples sector median of 14 years. This is why KO has an A+ grade from Seeking Alpha's Quant System for dividend consistency.

As I detailed in my previous article, dividend growth is also trending toward acceleration. The company's most recent 5.4% dividend raise in February was better than the raises in the 4% range in prior years.

KO can maintain faster dividend growth for two key reasons. For one, I noted earlier in this article how the company has improved its earnings growth prospects in recent years. Secondly, KO's 69% EPS payout ratio is below the 70% EPS payout ratio that rating agencies desire from the industry per the Zen Research Terminal.

The company is anticipated to generate $2.82 in comparable EPS in 2024. Against the $1.94 in dividends per share that are slated to be paid this year, that would be a 68.8% comparable EPS payout ratio. Along with robust financial positioning, this is why I believe dividend growth will be in line with earnings growth moving forward.

Risks To Consider

KO is a company with world-class brands, but there are no bulletproof businesses. There are no new risks noted in the company's most recent 10-Q Filing , so I'll reiterate risks from past articles.

As I noted earlier, KO has the resources to settle its tax dispute with the IRS. The risk, however, is that such a settlement could push the net debt leverage ratio from below its target to within its target. That would diminish the strength of the balance sheet from very strong to merely "good" overnight.

As I noted in my previous article, another risk to KO is the potential for it to be hurt in a recession. This is because the company's business mix is somewhat reliant on away-from-home consumption. If a recession happened, that could pressure KO's near-term growth prospects.

Another risk to KO is that malicious hackers view it as an attractive target. If the company is successfully breached, valuable proprietary information and customer information could be compromised. That could lead to a less impressive competitive position and lawsuits, which would harm growth as well.

Summary: A Wonderful And Discounted Company

KO is a superb business, which is why I'm glad to have a 0.5% weighting within my portfolio. This isn't a huge position, but that's why I would consider upping this to around 1% long-term.

The company's growth potential is improving. The balance sheet is excellent. Best of all, the valuation is interesting here. That's why I'm maintaining my buy rating.

This article was written by

Analyst’s Disclosure: I/we have a beneficial long position in the shares of KO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Beyond the Game: The Coca-Cola Company Helps Boys & Girls Club Teens Score Big in the Business of Sports at the 2024 NCAA Final Fours

Imagine stepping onto the court at the NCAA Women’s Final Four — not as an athlete — but as a key player behind the scenes. That’s exactly what happened for a group of teens from Boys & Girls Clubs of Northeast Ohio’s East Tech Teen Center, thanks to a workforce readiness partnership with The Coca-Cola Company . Club teens went beyond buzzer-beaters and slam dunks to get a glimpse into the vast world of careers that bring major sporting events like the NCAA Women’s Final Four to life.

To kick off the program, more than 200 Club teens from the Cleveland area joined a virtual learning session hosted by Boys & Girls Club alumna and former professional basketball star, Swin Cash. The session featured presentations from Coca-Cola’s sports marketing team, the NCAA, and the Greater Cleveland Sports Commission on the intricate planning, marketing strategies and local logistics required to transform Cleveland into the 2024 host for the NCAA’s Women’s Final Four. Club teens also gained insights on the Final Four’s economic impact on local businesses, explored the various roles needed to orchestrate such a large event, and delved into the exciting world of in-game entertainment.

A Peek Behind the Curtain to Learn and Create

The program wasn’t just about lectures and presentations. One of the most exciting aspects involved the teens taking an active role in crafting their own vision for in-game entertainment.

“I grew up playing sports,” said Katie Postich, Director of Sports Marketing, The Coca-Cola Company. “I knew I wanted to be involved but I really enjoyed the idea of being behind the scenes…impacting the fans’ experience during the game.” As a national and founding partner of Boys & Girls Clubs of America’s life and workforce readiness programs, The Coca-Cola Company’s support provides Club youth with amazing career exploration opportunities, work-based learning experiences, and the chance to discover that a career in sports can be more than game play.

By mid-March, Club teens worked in teams to brainstorm ideas, collaborate and pitch their concepts for in-game entertainment to a panel of judges at the NCAA. The winning team wouldn’t just see the Final Four; they’d be a part of it! Club youth would get to see their vision come to life during the Super Saturday practice. This hands-on experience allowed teens to translate their ideas into reality and fostered valuable skills of teamwork, communication and critical thinking.

Witnessing the Magic Unfold from Idea to Reality

“We decided to blend all four ideas into one epic idea and bring that to life on Saturday. Even better [was] that the teens themselves got out on the court and participate in the challenge themselves,” said Postich.

Over 10,000 fans in the stands got to experience the winning in-game entertainment moment, a testament to the talent and dedication of these young minds.

“Saturday’s Championship Open Practice in-game extravaganza featured thrilling dribbling contests and the comical spectacle of Cocky the mascot doling out pies in the face,” said Carla Deegan, Senior Director of Community Marketing at The Coca-Cola Company. “We were all super excited about the opportunity and the program that we put together. These youth brought curiosity and talent, making them a remarkable group for our workforce readiness experience and key message: you don’t have to be an athlete to work in sports.”

A Lasting Impact in Cleveland and Beyond

The Coca-Cola Company’s partnership with Boys & Girls Clubs of America during the NCAA Final Fours wasn’t just about basketball. It was about opportunity, exploration, and empowering young people to discover the vast possibilities that exist beyond the court. It’s a story that goes far beyond the final buzzer, opening doors to new possibilities and the potential that lies within every young person.

The Coca-Cola Company has been a proud partner to Boys & Girls Clubs of America for more than 75 years. Through the organization’s ongoing support of The Workforce Readiness Strategy and Boys & Girls Clubs of America programs like Roadmap to Careers, Club kids and teens are both inspired and equipped to dream and achieve success in their future careers and endeavors.

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The coca-cola company announces sustainability presentation.

ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today announced that Bea Perez, Senior Vice President and Chief Communications, Public Affairs, Sustainability and Marketing Assets Officer, will discuss the company’s approach to sustainability and building a resilient business at an investor event Sept. 16 at 1 p.m. BST in London.

Perez, who oversees sustainability worldwide for The Coca-Cola Company, will discuss sugar reduction; design and recovery of packaging materials; water management; and other topics. She will be joined by senior company leaders with expertise in sustainability.

The company invites investors to join an audio webcast of the event at www.coca-colacompany.com/investors .

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is a total beverage company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brand, our portfolio includes AdeS, Ayataka, Costa, Dasani, Del Valle, Fanta, Georgia, Gold Peak, Honest, innocent, Minute Maid, Powerade, Simply, smartwater, Sprite, vitaminwater and ZICO. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing water and promoting recycling. With our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at Coca-Cola Journey at www.coca-colacompany.com and follow us on Twitter , Instagram , Facebook and LinkedIn .

The fairlife® brand is owned by fairlife LLC, our joint venture with Select Milk Producers Inc. Products from fairlife are distributed by our company and certain of our bottling partners.

Investors and Analysts: Tim Leveridge, [email protected]

Media: Scott Leith, [email protected]

Source: The Coca-Cola Company

Released September 3, 2019

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The Coca‑Cola Company Announces Sustainability Presentation

ATLANTA, Oct. 26, 2020 – The Coca‑Cola Company today announced that Bea Perez, Chief Communications, Sustainability & Strategic Partnerships Officer, and Lori Billingsley, Chief Diversity & Inclusion Officer, will discuss the company’s approach to sustainability, diversity and inclusion during a webcast for investors on Nov. 13 at 11 a.m. ET.

Perez and Billingsley will discuss the company’s sustainability strategy and goals, response to COVID-19 and stance on racial equity, among other topics. The company invites investors to join the webcast at www.coca-colacompany.com/investors .

Investors can also learn more in advance of the event by viewing the company’s most recent Business and Sustainability Report at https://www.cocacolacompany.com/reports/business-sustainability-report-2019

About The Coca‑Cola Company

The Coca‑Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. Our portfolio of brands includes Coca‑Cola, Sprite, Fanta and other sparkling soft drinks. Our hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, Powerade, Costa, Georgia, Gold Peak, Honest and Ayataka. Our nutrition, juice, dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Twitter , Instagram , Facebook and LinkedIn .

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Chipotle : Treat your Chipotle gift card like cash, that may only be used for making purchases at Chipotle restaurants. However, it cannot be redeemed for actual cash or applied as payment to any account unless required by law. It cannot be used to purchase other Chipotle gift cards, because that’s like wishing for more wishes. Unauthorized resale is prohibited. Chipotle is not responsible for unauthorized use of this card. Except in certain circumstances, the value on this card will not be replaced if the card is lost, stolen or destroyed. Use of this card constitutes acceptance of these terms and conditions. This can only be redeemed in the 50 US/DC.

Check your balance at any Chipotle restaurant, online at www.chipotle.com, or call 1-877-925-4878.

Dominos : Usable up to balance only to buy goods or services at participating Domino’s stores in the 50 U.S./DC. Not redeemable to purchase gift cards. Not redeemable for cash except as required by law. Not a credit or debit card. Safeguard the card. It will not be replaced or replenished if lost, stolen or used without authorization. CARDCO CXXV, Inc. is the card issuer and sole obligor to card owner. CARDCO may delegate its issuer obligations to an assignee, without recourse. If delegated, the assignee, and not CARDCO, will be sole obligor to card owner. Resale by any unlicensed vendor or through any unauthorized channels such as online auctions is prohibited. Purchase, use or acceptance of card constitutes acceptance of these terms. For balance inquiries go to www.dominos.com or call 877-250-2278 and for other inquiries visit www.dominos.com. ©2024 Domino’s IP Holder LLC. Domino’s®, Domino's Pizza® and the modular logo are registered trademarks of Domino’s IP Holder LLC.

Amazon : Restrictions apply, see www.amazon.com/gc-legal . 

Best Buy : Redeemable in any U.S. Best Buy® retail location or at BestBuy.com® where available for merchandise or services, excluding Best Buy and third-party gift cards • No expiration date and no fees • Not redeemable for cash • Not a credit or debit card • Not valid as payment on My Best Buy credit card • Check balance at BestBuy.com or at 1-888-716-7994. • Subject to the terms and conditions at BestBuy.com/gcterms, including mandatory individual arbitration • All terms enforced except where prohibited by law. Never share a gift card number or PIN over the phone or online, especially with someone you don’t know. Report fraud at https://reportfraud.ftc.gov/#/ or https://www.ic3.gov/Home/FileComplaint . 

Nike : This Gift Card is redeemable for eligible goods and services online at Nike.com, Converse.com, select Nike mobile applications, and at any Nike-owned and Converse-owned retail stores in the United States and Puerto Rico. Gift Cards may not be returned or redeemed for cash, except as required by law. Gift Cards will not be replaced if lost or stolen. No refunds or exchanges on Gift Cards. For complete terms and conditions, or balance inquiries, please visit Nike.com/GiftCards or call 1-800-806-6453. The purchase, acceptance, or use of this Gift Card constitutes acceptance of these terms and conditions.

6. General Rules : By participating in the Promotion, Entrant (or if a minor, parent/legal guardian) fully and unconditionally agrees to and accepts these Official Rules and the decisions of the Sponsor and Administrator, whose decisions are final and binding in all matters related to the Promotion. Any normal Internet/phone access and data/usage charges imposed by Entrants’ online/phone service will apply and are Entrants’ sole responsibility. Sponsor is not responsible for any compatibility issues with Entrant's device/browser used for Game Play. Game Plays become the property of Sponsor upon receipt and will not be acknowledged or returned. Entrants associated with potential winning/offer Game Plays may be required to show proof of being the authorized account holder of the email address assigned by an Internet access provider, online service provider, Internet service provider, or other organization responsible for assigning email addresses for the domain associated with the submitted address. Game Plays specifying an invalid, non-working, or inactive email address may be disqualified. No information regarding Game Plays, other than as otherwise set forth in these Official Rules or on the Website, will be disclosed. Sponsor is not responsible for lost, interrupted or unavailable network server or other connection; miscommunications; failed phone or computer or telephone transmissions; technical failure; jumbled, scrambled or misdirected transmissions; late, lost, incomplete, delayed, or misdirected Game Plays; or other error of any kind whether human, mechanical, or electronic. CAUTION: Any attempt to deliberately damage any web site/device, or undermine the legitimate operations of the Promotion, is a violation of the criminal and civil laws. Should such an attempt be made, the Sponsor reserves the right to seek damages from any such Entrant to the fullest extent permitted by law and to disqualify such Entrant from the Promotion. In the event the Promotion is compromised or impaired in any way for any reason, including but not limited to, fraud, virus, bug, unauthorized human intervention, outbreak of widespread illness, pandemic, or other similar occurrence, civil unrest or any other problem or other causes beyond the control of Sponsor that corrupts or impairs the administration, security, fairness, or proper play of the Promotion, Sponsor reserves the right in its sole discretion to suspend or terminate the Promotion and award the prizes/offers claimed prior to cancellation. Sponsor is not responsible for lost, late, misdirected, corrupted, or incomplete Game Plays. Proof of submission is not proof of receipt by Sponsor. By participating in this Promotion, Entrants agree to be bound by these Official Rules and the decisions of the Sponsor. The Sponsor reserves the right at its sole discretion to disqualify any individual that tampers or attempts to tamper with the Game Play or the operation of the Promotion or Website; violates these Official Rules; or acts in an unsportsmanlike or disruptive manner, or with intent to annoy, abuse, threaten or harass any other person. Any attempt by any person to deliberately undermine the legitimate operation of the Promotion may be a violation of criminal and civil law, and, should such an attempt be made, Sponsor reserves the right to seek damages from any such person to the fullest extent permitted by law. Sponsor's failure to enforce any term of these Official Rules shall not constitute a waiver of that provision. By participation in the Promotion, Entrants (or if a minor, parent/legal guardian) and prize winners release and hold harmless the Released Promotion Parties from and against any and all liability, claims, or actions of any kind whatsoever for injuries, damages, or losses to persons or property which may be sustained in connection with submitting a Game Play or otherwise participating in any aspect of the Promotion, the receipt, ownership or use of any prize/offer awarded, or while preparing for, participating in any prize/offer-related activity or any typographical or other error in these Official Rules or the announcement or offering of any prize/offer. 

7. Disputes : Entrant (or if a minor, parent/legal guardian) agrees that: (a) he/she releases and will defend, indemnify and hold harmless the Released Promotion Parties from and all any and all claims; (b) claims arising out of or connected with this Promotion, or any prize awarded shall be resolved individually, without resort to any form of class action, and solely and exclusively in a federal or state court located in Atlanta, GA; (c) Entrant submits to sole and exclusive personal jurisdiction to said courts in the State of Georgia for any such dispute and irrevocably waives any and all rights to object to such jurisdiction; (d) any and all claims, judgments, and awards shall be limited to actual damages of no more than $100, including costs associated with entering this Promotion, but in no event attorneys' fees; and (e) under no circumstances will Entrant be permitted to obtain awards for and Entrant hereby waives all rights to claim punitive, incidental and consequential damages and any other damages, other than for actual out-of-pocket expenses, and any and all rights to have damages multiplied or otherwise increased. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE MAY NOT APPLY TO YOU. All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of Entrants or the Released Promotion Parties in connection with this Promotion shall be governed by, and construed in accordance with, the laws of the State of Georgia, without giving effect to any choice of law or conflict of law rules of provisions (whether of the State of Georgia, the United States, or any other jurisdiction), which would cause the application of the laws of any jurisdiction other than the State of Georgia.

8. Privacy Policy : Information collected by Sponsor in connection with this Promotion may be used by Sponsor and shared with third parties involved in administration of the Promotion in accordance with the Sponsor’s online Privacy Policy posted at https://www.coca-cola.com/us/en/legal/privacy-policy The Entrant (or if a minor, parent/legal guardian) agrees to the collection, processing and storage of his/her personal data by Sponsor for the purposes of the Promotion. 

9. Winners List : For a list of winners of prizes valued at over $25, available after August 7, 2024, send an email to: Coca‑ColaWinners@dja.com with WINNERS & 01-2893-60 as the subject line. 

10 . Sponsor/Administrator : Sponsor of the Promotion is The Coca‑Cola Company, One Coca‑Cola Plaza, Atlanta, GA 30313. Administrator of the Promotion is Don Jagoda Associates, Inc., 100 Marcus Drive, Melville, NY 11747.

Time in Elektrostal , Moscow Oblast, Russia now

• Tokyo 08:38AM
• Beijing 07:38AM
• Kyiv 02:38AM
• Paris 01:38AM
• London 12:38AM
• New York 07:38PM
• Los Angeles 04:38PM

Time zone info for Elektrostal

• The time in Elektrostal is 8 hours ahead of the time in New York when New York is on standard time, and 7 hours ahead of the time in New York when New York is on daylight saving time.
• Elektrostal does not change between summer time and winter time.
• The IANA time zone identifier for Elektrostal is Europe/Moscow.

Time difference from Elektrostal

Sunrise, sunset, day length and solar time for elektrostal.

• Sunrise: 03:47AM
• Sunset: 09:00PM
• Day length: 17h 13m
• Solar noon: 12:24PM
• The current local time in Elektrostal is 24 minutes ahead of apparent solar time.

Elektrostal on the map

• Location: Moscow Oblast, Russia
• Latitude: 55.79. Longitude: 38.46
• Population: 144,000
• Best restaurants in Elektrostal
• #1 Tolsty medved - Steakhouses food
• #2 Ermitazh - European and japanese food
• #3 Pechka - European and french food

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Elektrostal

Elektrostal Localisation : Country Russia , Oblast Moscow Oblast . Available Information : Geographical coordinates , Population, Area, Altitude, Weather and Hotel . Nearby cities and villages : Noginsk , Pavlovsky Posad and Staraya Kupavna .

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Elektrostal Demography

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Elektrostal Geography

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Elektrostal Distance

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Out of the Centre

Savvino-storozhevsky monastery and museum.

Zvenigorod's most famous sight is the Savvino-Storozhevsky Monastery, which was founded in 1398 by the monk Savva from the Troitse-Sergieva Lavra, at the invitation and with the support of Prince Yury Dmitrievich of Zvenigorod. Savva was later canonised as St Sabbas (Savva) of Storozhev. The monastery late flourished under the reign of Tsar Alexis, who chose the monastery as his family church and often went on pilgrimage there and made lots of donations to it. Most of the monastery’s buildings date from this time. The monastery is heavily fortified with thick walls and six towers, the most impressive of which is the Krasny Tower which also serves as the eastern entrance. The monastery was closed in 1918 and only reopened in 1995. In 1998 Patriarch Alexius II took part in a service to return the relics of St Sabbas to the monastery. Today the monastery has the status of a stauropegic monastery, which is second in status to a lavra. In addition to being a working monastery, it also holds the Zvenigorod Historical, Architectural and Art Museum.

Belfry and Neighbouring Churches

Located near the main entrance is the monastery's belfry which is perhaps the calling card of the monastery due to its uniqueness. It was built in the 1650s and the St Sergius of Radonezh’s Church was opened on the middle tier in the mid-17th century, although it was originally dedicated to the Trinity. The belfry's 35-tonne Great Bladgovestny Bell fell in 1941 and was only restored and returned in 2003. Attached to the belfry is a large refectory and the Transfiguration Church, both of which were built on the orders of Tsar Alexis in the 1650s.  

To the left of the belfry is another, smaller, refectory which is attached to the Trinity Gate-Church, which was also constructed in the 1650s on the orders of Tsar Alexis who made it his own family church. The church is elaborately decorated with colourful trims and underneath the archway is a beautiful 19th century fresco.

Nativity of Virgin Mary Cathedral

The Nativity of Virgin Mary Cathedral is the oldest building in the monastery and among the oldest buildings in the Moscow Region. It was built between 1404 and 1405 during the lifetime of St Sabbas and using the funds of Prince Yury of Zvenigorod. The white-stone cathedral is a standard four-pillar design with a single golden dome. After the death of St Sabbas he was interred in the cathedral and a new altar dedicated to him was added.

Under the reign of Tsar Alexis the cathedral was decorated with frescoes by Stepan Ryazanets, some of which remain today. Tsar Alexis also presented the cathedral with a five-tier iconostasis, the top row of icons have been preserved.

Tsaritsa's Chambers

The Nativity of Virgin Mary Cathedral is located between the Tsaritsa's Chambers of the left and the Palace of Tsar Alexis on the right. The Tsaritsa's Chambers were built in the mid-17th century for the wife of Tsar Alexey - Tsaritsa Maria Ilinichna Miloskavskaya. The design of the building is influenced by the ancient Russian architectural style. Is prettier than the Tsar's chambers opposite, being red in colour with elaborately decorated window frames and entrance.

At present the Tsaritsa's Chambers houses the Zvenigorod Historical, Architectural and Art Museum. Among its displays is an accurate recreation of the interior of a noble lady's chambers including furniture, decorations and a decorated tiled oven, and an exhibition on the history of Zvenigorod and the monastery.

Palace of Tsar Alexis

The Palace of Tsar Alexis was built in the 1650s and is now one of the best surviving examples of non-religious architecture of that era. It was built especially for Tsar Alexis who often visited the monastery on religious pilgrimages. Its most striking feature is its pretty row of nine chimney spouts which resemble towers.

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Donald Trump Stopped Legal Team Pursuing 'Winning' Strategy: Attorney

D onald Trump would have a better chance of being cleared in his hush money trial if he had allowed his lawyers to pursue better lines of defense, according to a legal expert.

Former federal prosecutor Renato Mariotti suggested on CNN that the former president would not permit his legal team to pursue a "winning" strategy in his falsifying business records case, which may have harmed his hopes of the jury returning a not guilty verdict.

Instead, Trump's lawyers focused on attacking star witnesses like Trump's former lawyer Michael Cohen and adult film star Stormy Daniels , or denying other factors of the case such as the alleged affair between the Republican and Daniels.

Mariotti made the remarks ahead of closing arguments taking place at the hush money trial in New York on Tuesday. Trump has pleaded not guilty to 34 felony counts of falsifying business records in relation to $130,000 Cohen paid to Daniels so she would keep claims of her alleged sexual encounter with Trump a secret ahead of the 2016 Election. The money was listed in Trump's company records as Cohen's "legal fees," which prosecutors say was part of an unlawful attempt to influence the outcome of the 2016 presidential race. Trump also denies an affair with Daniels.

"Realistically this was a case that could have been winnable by the defense if they pursued a different strategy, if they focused on the areas where Michael Cohen was not as corroborated," Mariotti said.

"The defense really haven't had a focused presentation. They haven't tried to focus the jury on the issues...they've really been all over the place, scorched earth, attacking not just Michael Cohen but Stormy Daniels , contesting everything. The fact of an encounter in a hotel room, the fact of the hush money payments and so on."

Mariotto added that he believes the defense will continue this "scorched earth attack" approach in their closing arguments.

"And if that's the case, I do think there's going to be a conviction here," he said. "Really, there needs to be an entirely different approach and I'm not sure that Donald Trump is willing to let his defense attorneys pursue a strategy that has a chance of winning in this case."

Trump's legal team has been contacted for comment via email.

Elsewhere, Norm Eisen, who served as a special counsel to the House Judiciary Committee during the former president's first impeachment, suggested that the falsifying business records case is "winnable" for the prosecution, but it is still not a "slam dunk."

Eisen told CNN that Trump and his lawyers will be hoping for a hung jury —where jurors cannot agree on a verdict after deliberations—to avoid a historic conviction of the former president.

"I think the odds of conviction are somewhere upwards of 80 percent," Eisen said. "The defense, in part because of this scattershot approach, is not really gunning for an acquittal. That's out of reach here.

"What they're hoping for is one angry juror, that there's one juror who either feels sympathy for Trump or just for whatever reason does not follow the evidence and the law," Eisen added. "The holdout, that's what they're trying for, just one."

After closing arguments at the New York on Tuesday Judge Juan Merchan, who is overseeing the proceedings, is expected to then provide jury instructions —which are handed down to ensure jurors understand the charges and laws connected to the case—before sending the jury to deliberate.

Experts have suggested the context of these instructions could be crucial as to whether Trump becomes the first current or former U.S. president in history to be convicted of a crime.

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