Coca-Cola Amatil Ltd. (CCLAF) - OTCPK - Current
  • Fri, Apr. 29, 1:29 PM
    • Monster (MNST +12.9%) rips higher after a nifty $0.07 EPS beat that was split almost evenly between sales growth and margin gains.
    • On Wall Street, Susquehanna raised estimates on the beverage company after factoring in the company's strong Q1 report.
    • Analyst Pablo Zuanic forecast FY16 EPS of $3.78 and FY17 EPS of $4.45. He also assigned a 30% premium to Monster in comparison to peers to derive a new price target of $132. The Neutral stance on MNST from Zuanic is based in part on some risk in international markets and the potential for further disruption during the transition to the Coca-Cola system.
    • On top of earnings today, Monster struck a key distribution deal with Coca-Cola Amatil (OTCPK:CCLAF, OTCPK:CCLAY) and announced its intent to buy back $2M in shares through a modified Dutch auction tender process.
    • Monster's trading volume today is already 2X normal activity.
    • Previously: Monster Beverage beats by $0.06, beats on revenue
    | Fri, Apr. 29, 1:29 PM | 3 Comments
Company Description
Coca-Cola Amatil is engaged in the manufacture, marketing and distribution of The Coca Cola Company's products, and local brands. Co.'s products include carbonated soft drinks, mineral waters, fruit juices and other alcohol-free beverages; and ready-to-eat packaged fruit. Co.'s carbonated soft... More
Industry: Food - Major Diversified
Country: Australia