On Monday, Shares of The Coca-Cola Co (NYSE:KO), gained 0.25% to $40.54.
The Coca-Cola Company, stated second quarter 2015 operating results. “Our second quarter results were in line with our expectations and mark continued progress toward restoring momentum in our global business,” said Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company. “We are executing against our planned initiatives and remain focused on driving efficiencies through productivity and making disciplined investment decisions to accelerate growth. While there is more work to do, we remain confident that we have the right plans in place and are committed to leveraging our superior brand portfolio together with our unparalleled global distribution system to continue creating long-term shareowner value.”
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
Shares of Energy Transfer Equity LP (NYSE:ETE), declined -1.70% to $28.98, during its last trading session.
Energy Transfer Equity, declared a $0.04 enhance in its quarterly cash distribution to $0.53 per ETE common unit on a pre-split basis ($0.02 per ETE common unit to $0.265 on a post-split basis) for the second quarter ended June 30, 2015. Annualized, the enhance equates to $2.12 per ETE common unit on a pre-split basis and $1.06 per ETE Common unit on a post-split basis.
ETE formerly declared a two-for-one split (“Unit Split”) of the Partnership’s common units that is planned to be accomplished tomorrow. As a result of the Unit Split, the number of outstanding ETE common units will double. Therefore, the enhance in the quarterly distribution will be $0.02 to $0.265 per ETE common unit on a post-split basis. Since the record date for distributions is after the completion of the Unit Split, ETE unitholders will be paid the quarterly distribution on a post-split basis.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
Finally, Trimble Navigation Limited (NASDAQ:TRMB), ended its last trade with -1.95% loss, and closed at $22.65.
AGCO and Trimble declared that they are partnering to deliver wireless connectivity between AGCO’s VarioDoc and AgCommand systems and the Trimble Connected Farm solution. The functionality is predictable to be accessible to customers in North America in September and in Europe, Africa and the Middle East in the fourth quarter of 2015.
“The inclusion of AGCO’s AgCommand information into Connected Farm aligns well with Trimble’s continued focus on providing a complete solution for growers to manage a mixed fleet of vehicles and implements,” said Joe Denniston, vice president of Trimble’s Agriculture Division. “AGCO customers now have access to one central location in Connected Farm for monitoring their farm operations counting fleet data, rainfall and weather information, commodity quotes, and irrigation monitoring to enable improved decision making from the office to the field.”
Trimble Navigation Limited provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The company’s Engineering and Construction segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; BIM software for design, construction, and maintenance; integrated site layout and measurement systems; application products; integrated workplace administration services software; capital program and facility administration solutions; and field based data collection systems and software, communications systems, and back-office software.
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