Jun. 23, 2015, 8:34 AM
Jun. 22, 2015, 1:10 PM
- PepsiCo (PEP +0.8%) CEO Indra Nooyi penned a weekend op-ed piece in the Wall Street Journal along with the president of the Environmental Defense Fund in support of the push by President Obama for greener trucks.
- The exec notes fuel economy for heavy trucks has improved less than a mile per gallon in 45 years to average just 6.4 mpg.
- Companies such as PepsiCo, Anheuser-Busch InBev (BUD +2.7%), Wal-Mart (WMT +0.1%), Costco (COST +0.1%), and Coca-Cola (KO +0.5%) could realize significant savings if Nooyi's stance is correct.
- She notes the fuel standards proposed in 2009 for 2014 led to an immediate 10% gain in efficiency.
- Previously: The EPA and Pope Francis strange allies on greenhouse gas reform (Jun. 19 2015)
Jun. 12, 2015, 5:15 PM
- Coca-Cola (NYSE:KO) and Monster Beverage (NASDAQ:MNST) announce the closing of their previously announced strategic partnership, in which KO now owns a ~16.7% stake in MNST, KO transfers ownership of its worldwide energy drink business to MNST in exchange for the latter's non-energy business, and expanded distribution in the energy drink category.
- MNST says it is expanding its board with two new directors from KO, current CFO Kathy Waller and retired CFO Gary Fayard.
Jun. 9, 2015, 10:43 PM
- San Francisco is one step closer to becoming the first U.S. city to require warning labels on sugary drinks after government officials approved a new measure.
- The San Francisco Board of Supervisors and Mayor still have to sign off on the anti-soda ordinances.
- Some juice products, flavored milk products, and sports drinks will be included in the targeted beverage category if they contain a certain threshold of added sugar.
- Health advocates say they will make a second run at passing a sugar tax in San Francisco. They are also aiming for a broader push beyond California on consumer sugar warnings.
- The beverage industry has reacted to uneven demand in the U.S. for soda drinks in part with product innovation (craft, cane sugar, energy, protein) aimed at millennials.
- Related stocks: KO, PEP, DPS, COT, MNST, OTCQB:JSDA, REED, FIZZ, HSY, DF,
Jun. 3, 2015, 2:32 AM
- FIFA president Sepp Blatter's decision to resign amid corruption allegations at soccer's governing body is a relief for corporate sponsors who have called for more transparency at the organization.
- "FIFA needs profound restructuring," Blatter declared. "Although the members of FIFA gave me a new mandate, this mandate does not seem to be supported by everyone in the world."
- Sponsors Coca-Cola (NYSE:KO), Visa (NYSE:V), Adidas (OTCQX:ADDYY), Hyundai (OTC:HYMLF) and Anheuser-Busch InBev (NYSE:BUD) called the resignation a positive step, but some sponsors said they expected FIFA to do more to clean up its act.
- Previously: Sponsors face pressure after FIFA scandal (May. 29 2015)
Jun. 1, 2015, 12:49 PM
- Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
- Many Q1 earnings reports tipped off weakness at well-known F&B brands.
- The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
- A willingness of major retail chains such as Target (NYSE:TGT), Kroger (NYSE:KR), and Costco (NASDAQ:COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
- Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
- Related stocks: K, GIS, CPB, MDLZ, PEP, KO, HSY, SJM, DPS, KRFT, OTCPK:NSRGY, OTCPK:NSRGF.
Jun. 1, 2015, 7:46 AM
- BMO Capital upgrades Coca-Cola (NYSE:KO) to an Outperform rating after having the Dow 30 stock slotted previously at Market Perform.
- Analyst Amit Sharma thinks the beverage company will hit long-term financial targets as cost savings measures start to kick in.
- BMO assigns a price target of $48 to shares of Coca-Cola.
May 29, 2015, 3:51 AM
- The corruption scandal engulfing FIFA is having corporate sponsors ponder whether to back away from the powerful marketing outlet, although severing ties will not likely be easy.
- Visa (NYSE:V) said it wants sweeping changes at FIFA and could otherwise end its agreement, which runs until 2022. Other top sponsors such as Adidas (OTCQX:ADDYY), McDonald's (NYSE:MCD) and Coca-Cola (NYSE:KO) also expressed deep concerns.
- FIFA collected $1.6B in sponsorship money in the four years leading up to the 2014 World Cup, nearly half of which came from its six top "partners" (the four mentioned above, Emirates and Hyundai (OTC:HYMLF)).
- Meanwhile, Sepp Blatter is expected to secure re-election as FIFA President today, despite the many calls for him to step down.
May 27, 2015, 8:08 AM
- Coca-Cola (NYSE:KO) expects to close on its deal to buy a stake in Monster Beverage (NASDAQ:MNST) early next month.
- Though Monster continues to battle some public perception issues dues to lawsuits and an ongoing FDA investigation, the company still grew sales by 10% last year as it broadened out its product mix.
- Shares of Monster are up 17.8% YTD.
May 21, 2015, 9:30 AM
- Alongside Goldman's list of 50 stocks appearing most as top holdings at hedge funds is its list of the 50 top shorts.
- New additions this quarter: Baxter Intl (NYSE:BAX), UPS, Marriott (NASDAQ:MAR), NextEra (NYSE:NEE), Ford (NYSE:F), National Oilwell Varco (NYSE:NOV), McDonald's (NYSE:MCD), M&T Bank (NYSE:MTB), CenturyLink (NYSE:CTL), Amgen (NASDAQ:AMGN), Pioneer Natural (NYSE:PXD), Duke Energy (NYSE:DUK), Seagate (NASDAQ:STX), AbbVie (NYSE:ABBV), Cisco (NASDAQ:CSCO).
- The full list (in order of $ value of short interest): AT&T (NYSE:T), Disney (NYSE:DIS), IBM, Verizon (NYSE:VZ), Intel (NASDAQ:INTC), Kinder Morgan (NYSE:KMI), Exxon (NYSE:XOM), Pfizer (NYSE:PFE), J&J (NYSE:JNJ), Deere (NYSE:DE), Caterpillar (NYSE:CAT), Exelon (NYSE:EXC), GE, Boeing (NYSE:BA), Halliburton (NYSE:HAL), Fox (NASDAQ:FOXA), Comcast (NASDAQ:CMCSA), UTX, Regeneron (NASDAQ:REGN), Merck (NYSE:MRK), salesforce.com (NYSE:CRM), AbbVie (ABBV), Conoco (NYSE:COP), Wal-Mart (NYSE:WMT), Eli Lilly (NYSE:LLY), Celgene (NASDAQ:CELG), Schlumberger (NYSE:SLB), AutoZone (NYSE:AZO), Wells Fargo (NYSE:WFC), Emerson (NYSE:EMR), McDonald's (MCD), Reynolds (NYSE:RAI), Target (NYSE:TGT), Accenture (NYSE:ACN), Coca-Cola (NYSE:KO).
May 19, 2015, 9:55 PM
- Whirlpool (NYSE:WHR) and Anheuser-Busch InBev (NYSE:BUD) starting selling their B.blend machine in Brazil today.
- The B.blend has the distinction of being the first all-purpose beverage maker with its capacity to make hot, cold, or carbonated single-serve drinks.
- A successful launch in the U.S. by the 50-50 partners could set up the product for an international roll-out.
- The development also has potential implications for Keurig Green Mountain (NASDAQ:GMCR), Coca-Cola (NYSE:KO), and SodaStream (NASDAQ:SODA)
May 15, 2015, 10:54 AM
- Keurig Green Mountain (GMCR -7.6%) trades weak with the company's scheduled full launch of Keurig Kold pushed back to the 2016 holiday season.
- The product will be sold online and in certain retail outlets as early as this fall.
- Pricing on Keurig Kold was set at $299 to $369 - a mark higher than most analysts expected and well over the $79.99-$199.99 range of SodaStream machines.
- During a webcast yesterday, CEO Brian Kelley said 2016 would be a "significant" investment year for the company.
- He also highlighted the 50 patents Keurig already has lined up on the beverage system and 100 more in the application process.
- Coca-Cola (KO +0.2%) is a key distribution partner and investor in the Keurig Kold system.
- GMCR presentation slides (.pdf)
- Previously: Keurig -4.6% after Keurig Kold presentation (May. 14 2015)
May 8, 2015, 11:57 AM
- Two beverage companies Coca-Cola (KO +1%) invested double-digit stakes in issued disappointing Q1 earnings reports this week.
- The company partnered with Keurig Green Mountain and Monster Beverage in part to diversify away from relying too heavily on soda.
- CNN Money notes the shot of confidence from Warren Buffett over the company's keystone Coke product might not resonate with Generation Xers and millennials.
- Previously: Keurig Green Mountain -12% after guidance cut (May. 07 2015)
- Previously: Keurig Green Mountain misses by $0.02, misses on revenue (May. 06 2015)
- Previously: Monster Beverage misses by $0.06, beats on revenue (May. 07 2015)
- Previously: More on Monster Beverage's Q1 (May. 07 2015)
Apr. 30, 2015, 2:20 PM
- Coca-Cola (NYSE:KO) declares $0.33/share quarterly dividend, 8.2% increase from prior dividend of $0.30.
- Forward yield 3.26%
- Payable July 1; for shareholders of record June 15; ex-div June 11.
Apr. 30, 2015, 6:42 AM
- Shareholders with Coca-Cola (NYSE:KO) approved the company's executive compensation plan at the annual meeting with an estimated 80% approval rate.
- The mark is about ten percentage points below the proposal average for companies in the S&P 500, notes Reuters.
- Opposition to the management compensation plan has been led by Wintergreen Advisors.
- Previously: Warren Buffett sings Coca-Cola's praises at annual meeting (Apr. 29 2015)
Apr. 29, 2015, 2:07 PM
- Coca-Cola (KO -0.5%) brought Warren Buffett on to the stage at its annual meeting today.
- The investor was as positive as ever on the prospects for the company, despite its under-performance relative to the S&P 500 Index on both a 1-year and 5-year time frame.
- Buffett holds more than 400K shares of Coca-Cola through Berkshire Hathaway.
- The rest of the Coca-Cola meeting has also progressed as expected so far.
- Wintergreen Advisors landed the support of CalSTERS on a vote on management compensation, but isn't expected to turn around the measure.
- Coca-Cola annual meeting webcast
The Coca-Cola Co. operates as a beverage company. It owns and markets nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It... More
Sector: Consumer Goods
Industry: Beverages - Soft Drinks
Country: United States