Monster Beverage stake

Coca-Cola's stake in Monster Beverage, the energy drink maker. It dates from a 2014 deal that gave Coca-Cola an equity stake and swapped energy and non-energy brand portfolios, which made Monster Coca-Cola's exclusive energy partner. Monster is run separately from Coca-Cola's operations.

Why it matters to the stock. The stake is a material asset that moves with Monster's share price. Any sale or change in the stake would show up as a gain or loss outside Coca-Cola's operating results.