Coca-Cola is hiking its quarterly dividend by 4% to $0.53 per share. They are also shifting to a "poly-national" structure, which gives regional teams more control to handle geopolitical and cyber risks. The report points out some risks, noting that the dividend isn't well covered by free cash flow right now and debt coverage is tight relative to operating cash flow. Despite the cash flow concerns, the stock is assessed to be trading below fair value estimates.