Coty Inc. (COTY) NYSE generates roughly $8.4 billion in annual revenues.
A partnership with KKR delivers immediate deleveraging via $1 billion direct investment and $2.5 billion net cash proceeds from Wella transaction, lowering Coty’s net debt/adjusted EBITDA from ~5.6x to ~4.5x on a pro forma basis. [i]
(COTY) NYSE will reinforce its leadership positions through innovation in fragrances and adjacent categories, a focus on the premium end of its portfolio, and the e-commerce development of the Prestige Beauty franchise, which encompasses iconic brands, such as Calvin Klein, Hugo Boss, Burberry, and Gucci, as well as the recent addition of Kylie Beauty, with its direct to consumer business model and 178 million followers on Instagram.[ii]
Cody is a global leader and number three in color cosmetics, number two in salon hair care, and number one in fragrances.
Peter Harf serves as Chairman and Chief Executive Officer. Between 1993 and 2001 he was Chief Executive of Coty. Peter is Managing Partner and Chairman of JAB and has extensive industry experience through his previous roles as Deputy Chairman of Reckitt Benckiser and Chairman of AB InBev. He is also a former Board member of Burger King.[iii]
Top Institutional Holders
Holder Shares Date Reported % Out Value
Vanguard Group, Inc. (The) 47,821,019 Mar 30, 2020 6.27% 246,756,458
Bank Of New York Mellon Corporation 29,515,038 Mar 30, 2020 3.87% 152,297,596
Blackrock Inc. 20,969,896 Mar 30, 2020 2.75% 108,204,663
State Street Corporation 16,788,409 Mar 30, 2020 2.20% 86,628,190
JP Morgan Chase & Company 14,255,960 Mar 30, 2020 1.87% 73,560,753
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Vanguard Total Stock Market Index Fund 8,492,762 Dec 30, 2019 1.11% 95,543,572
Vanguard Mid-Cap Index Fund 7,775,887 Mar 30, 2020 1.02% 40,123,576
Vanguard 500 Index Fund 6,097,186 Mar 30, 2020 0.80% 31,461,479
Vanguard Fenway Funds-Equity Income Fund 6,028,050 Mar 30, 2020 0.79% 31,104,738
JP Morgan Mid Cap Value Fund 4,579,174 Feb 28, 2020 0.60% 42,265,776
JP Morgan Value Advantage Fund 3,438,469 Feb 28, 2020 0.45% 31,737,068
Vanguard Strategic Equity Fund 3,305,989 Mar 30, 2020 0.43% 17,058,903
[i] https://www.coty.com/in-the-news/press-release/coty-announces-strategic-transformation-and-definitive-agreement-kkr-wella
[ii] https://www.coty.com/in-the-news/press-release/coty-announces-strategic-transformation-and-definitive-agreement-kkr-wella
[iii] https://www.coty.com/our-story/coty-leaders/peter-harf
CWEB Analysts believe that (COTY) NYSE has room to grow and will initiate a Hold rating.
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