Mon, Jan. 25, 12:00 PM
- Tobacco stocks and soft drinks names are mild outperformers on the day.
- Despite soft consumer spending trends, some retail analysts think 2016 sales for beer, cigarettes, and soft drinks will pick up in the U.S. as gas prices remain at low levels.
- Gainers today on a down market day include Dr. Pepper Snapple (DPS +1%), PepsiCo (PEP +0.7%), Coca-Cola (KO +0.7%), Coca-Cola Bottling Company (COKE +2.6%), Coca-Cola Enterprises (CCE +1.1%), Reynolds American (RAI +1.7%), Altrai (MO +1%), Philip Morris (PM +0.5%), and Anheuser-Busch InBev (BUD +0.7%).
- Speculation that anti-soda and cigarette advocate Michael Bloomberg might run for president doesn't appear to be creating even a ripple of worry.
- Previously: Michael Bloomberg is seriously considering running for president (Jan. 23 2016)
Tue, Jan. 19, 1:55 PM
- Coca-Cola (KO +1%) announces it has shifted gears with its global marketing strategy, replacing "Open Happiness" with a new "Taste the Feeling" campaign.
- The company will use a "one-brand" approach to marketing that will unite brands in the same advertising spots with a goal to increase dollar sales - instead of a strict focus on volume.
Tue, Jan. 12, 8:07 AM
Fri, Jan. 8, 12:58 PM
Fri, Jan. 1, 2:51 AM
- A Coca-Cola (NYSE:KO) plant in Yemen has been "totally destroyed" by apparent Saudi-led coalition airstrikes, the latest civilian infrastructure to be hit in the nine-month-old conflict.
- According to Coca-Cola, the bottling facility was closed for maintenance and there were no reports of casualties.
- Saudi Arabia and Sunni Arab allies have been trying to unseat Shiite Houthi rebels in Yemen through a monthslong bombing campaign, after the latter took over the capital city last September.
Dec. 23, 2015, 11:56 AM
- Coca-Cola (KO +0.6%) was added back to the UBS Dividend Rulers portfolio after being swapped out last year.
- The Atlanta company replaces British American Tobacco (BTI +1.8%).
- The UBS Dividend Rulers portfolio has topped broad market averages over the long term, but is down 4.5% YTD this year. UBS expects a return to norm in 2016 as headwinds ease for large-cap dividend payers. Federal Reserve rate increases aren't expected to disrupt the Dividend Rulers portfolio to a large degree.
- Other UBS Dividend Ruler stocks include Home Depot (HD +0.6%), McDonald's (MCD +0.6%), Nordstrom (JWN +1.6%), PepsiCo (PEP +0.8%), and V.F. Corp (VFC +0.5%).
Dec. 21, 2015, 5:18 AM
- Sepp Blatter and Michel Platini, two of the most powerful men in world soccer, have been handed eight-year bans from the game, making them the highest-profile casualties of sprawling investigations into corruption and ethical wrongdoing at FIFA.
- The move is likely to be welcomed by top sponsors Coke (NYSE:KO), Visa (NYSE:V), McDonald's (NYSE:MCD), Adidas (OTCQX:ADDYY), Emirates and Hyundai (OTC:HYMLF), which have all called for more transparency and credible reforms at soccer's governing body.
- FIFA will hold a special election to choose Blatter's successor on Feb. 26.
Dec. 15, 2015, 2:29 PM
- Coca-Cola (KO +1.2%) filed a petition this week in U.S. Tax Court to challenge a $9.4B transfer pricing adjustment.
- The company could face a tax bill of up to $3.3B due to undercharging foreign affiliates for intellectual property.
- Previously: Coca-Cola facing $3.3B tax bill over foreign transfers (Sept. 18)
Dec. 15, 2015, 9:33 AM
- Egg prices fell 4.8% in November to follow a 3.8% slide in October.
- The level of egg prices is still 23.7% higher than a year ago, due largely to the avian flu issue earlier this year.
- Milk prices were also lower during November, down 0.7% M/M and 7.7% Y/Y. The broader dairy category saw price declines of 3.4% Y/Y and 0.6% M/M.
- These are some of the companies that talked about milk or egg prices being a factor during their most recent earnings conference call: CALM, KO, DF, WWAV, GIS, POST, KR, DG, OTCPK:PRRFY, BDBD, GTIM, BOBE, HRL, FLO, JJSF, DENN, MCD.
- BLS CPI data
Dec. 13, 2015, 9:21 AM
- "Success would be sitting here a year from now," joked James Quincey at a September investor conference one month after being promoted to president and COO at Coca-Cola (NYSE:KO), where he's the putative successor to the demanding CEO Muhtar Kent. As the WSJ notes, a number of Kent's team have exited in the past two years.
- Quincey is charged with implementing a $3B cost-cutting program, and so far has stuck to plan even though some analysts think the company can do more.
- While Quincey is keeping busy behind the scenes - he's visited operations in about 10 countries since his August promotion - he's keeping a low public profile, though there will be a keynote interview at a major industry conference tomorrow.
Dec. 9, 2015, 7:49 AM
- Coca-Cola (NYSE:KO) says it picked up the pace of territory refranchising with new deals covering three bottlers in five states.
- The company announced a plan to sell more sales and distribution assets to local bottling partners earlier this year.
Dec. 8, 2015, 3:23 PM| Dec. 8, 2015, 3:23 PM | 7 Comments
Dec. 7, 2015, 9:50 AM
- The buyout of Keurig Green Mountain (NASDAQ:GMCR) is creating a buzz in the beverage sector.
- Shares of GMCR are up 74% to $89.91 vs. the deal price of $92. The moonshot in share price is a positive for Coca-Cola (KO +0.2%) which owns a 17% block and not so great for Greenlight Capital which went short (for the second time) when shares were in the triple-digits.
- SodaStream (SODA +9.8%) and Coffee Holding (JVA +11.9%) are both up sharply with the M&A in the sector raising their profile.
- Coffee names Farmer Brothers (FARM +0.9%) and TreeHouse Foods (THS +0.8%) are also ahead of broad market averages. National Beverage Corp. (FIZZ +1.4%) is catching some bids as it Coca-Cola distributor Embotalledora (AKO.A, AKO.B) with a +1.2% gain.
- An interesting side note on the deal is if it could impact ongoing speculation over a Mondelez International (MDLZ -0.6%) and PepsiCo (PEP +0.1%) food combination. Mondelez is a coffee JV partner of JAB Holdings which is now a bit closer to Coca-Cola through the GMCR deal.
Dec. 7, 2015, 8:11 AM
- Keurig Green Mountain (NASDAQ:GMCR) announces it will be acquired by privately-owned JAB Holding Company for $92 per share in a deal valued at $13.9B. JAB Holding is an experienced collector of large consumer product brands.
- GMCR stakeholder Coca-Cola (NYSE:KO) says it backs the buyout and indicates it will work with JAB to stay on as a major Keurig single-serve partner.
- The deal is expected to close in the first quarter of 2016.
- GMCR closed at $51.70 on Friday. Shares are currently on a trading halt, but will soon skyrocket.
Dec. 4, 2015, 1:37 PM
- Investors are buying back into consumer staples and consumer discretionary names, while tip-toeing around major chains such as Wal-Mart, Target, Best Buy, and Macy's. Some sin stocks are part of the rally.
- Lower oil prices, today's read on U.S. employment, and a few key earnings report have helped to increase confidence that consumers will spend more on low-priced items. Notable movers by category are below.
- Nondurable household products: Scott's Liquid Gold-Inc (OTCPK:SLGD +4.5%), Procter & Gamble (PG +2.5%), Church & Dwight (CHD +1.6%), Spectrum Brands (SPB +1.4%).
- Toys/Video games: Electronic Arts (EA +4.6%), Mattel (MAT +4.3%), Activision Blizzard (ATVI +3.2%).
- Tobacco: Reynolds America (RAI +3.1%), Altria (MO +2.5%).
- Beverages: Brown-Forman (NYSE:BF.A) +3.2%, Constellation Brands (STZ +2.8%), Coca-Cola (KO +2.3%), PepsiCo (PEP +2%).
- Footwear: Nike (NKE +2.6%), Skechers (SKX +1.9%), Wolverine Worldwide (WWW +2.2%).
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, RCD, PMR, UGE, SZK, BITE
Dec. 2, 2015, 3:55 AM
- Top FIFA sponsors have published an open letter urging global soccer's governing body to enact credible reforms, days before a key meeting to finalize proposed changes to the organization.
- The companies - AB InBev (NYSE:BUD), Adidas (OTCQX:ADDYY), Coca-Cola (NYSE:KO) McDonald's (NYSE:MCD) and Visa (NYSE:V) - which typically pay about $100M per four-year World Cup cycle, called for greater transparency, accountability, respect for human rights, integrity, leadership and gender equality following the global corruption scandal that surfaced in May.
The Coca-Cola Co. is a beverage company, which provides diet and regular sparkling beverages and still beverages. The company's portfolio of brands include Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply and Georgia. It operates through seven segments:... More
Sector: Consumer Goods
Industry: Beverages - Soft Drinks
Country: United States
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