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Stock Market & Financial Investment News

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March 17, 2014
04:55 EDTCCE, CCE, CCE, IFF, IFF, IFF, WPPGY, WPPGY, WPPGY, DANOY, DANOY, DANOY, KO, KO, KO, DEO, DEO, DEO, KFT, KFT, KFT, SBMRY, SBMRY, SBMRY, CCH, CCH, CCH, PRGO, PRGO, PRGOConsumer Analyst Group of Europe to hold a conference
2014 Annual Conference of CAGE is being held in London, England on March 17-19.
News For CCE;CCH;SBMRY;KFT;DEO;KO;DANOY;WPPGY;IFF;PRGO From The Last 14 Days
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August 31, 2014
13:44 EDTCCE, KFTBarclays to hold a conference
Back-to-School Consumer Conference to be held in Boston on September 3-5.
August 29, 2014
16:18 EDTKOCoca-Cola Bottling forms pact with Coca-Cola to expand franchise territory
Coca-Cola Bottling Co. (COKE) announced it has signed a definitive agreement with The Coca-Cola Company (KO) to expand the bottler’s franchise territory to include the Knoxville, TN territory currently served by Coca-Cola Refreshments USA, a wholly-owned subsidiary of The Coca-Cola Company. This agreement represents the second phase of the proposed franchise territory expansion described in the previously-announced Letter of Intent between the company and The Coca-Cola Company. The company expects the transaction to close by the end of October. The company is continuing to work towards a definitive agreement with The Coca-Cola Company for the remainder of the proposed franchise territory expansion described in the previously-announced Letter of Intent, including Cleveland and Cookeville, TN and Louisville, Lexington, Paducah and Pikeville, KY and Evansville, IN. The definitive agreement and other agreements to be entered into at closing will provide the Company the exclusive rights to distribute brands owned by The Coca-Cola Company as well as certain other brands not owned by The Coca-Cola Company that are currently being distributed in the Knoxville territory by CCR. The transaction includes the purchase by the Company of distribution assets and certain working capital items from CCR relating to this territory and the purchase of exclusive rights to distribute certain non-Coca-Cola brands in this territory. The transaction also includes the grant by CCR to the Company of exclusive rights to distribute brands owned by The Coca-Cola Company in this territory under a comprehensive beverage agreement to be entered into at closing. Under such agreement, the Company will make a quarterly sub-bottling payment to CCR on a continuing basis after the closing for the grant of such exclusive rights. The Company will not acquire any production assets from CCR and will, with certain exceptions, purchase finished goods from CCR to service customers in this territory.
09:26 EDTPRGOPerrigo could benefit from potential Omega deal, says RBC Capital
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08:18 EDTPRGOPerrigo among companies showing interest in Omega Pharma, Bloomberg says
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August 28, 2014
12:41 EDTPRGOPerrigo among companies showing interest in Omega Pharma, Bloomberg says
August 27, 2014
16:05 EDTKOKeurig Green Mountain expands board, appoints José Octavio Reyes Lagunes
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09:34 EDTWPPGYMillward Brown acquires Insight Express
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August 26, 2014
07:07 EDTWPPGYWPP PLC reports July net sales up 2.8% like-for-like
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06:20 EDTKOCoca-Cola to introduce mid-calorie soda in Mexico, WSJ reports
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August 18, 2014
13:12 EDTKOAnalysts mixed on Monster Beverage following Coke deal
Analysts had mixed outlooks on energy drink maker Monster Beverage (MNST) in notes to investors earlier today. The analyst comments come after last Thursday night’s announcement that Monster had formed a strategic partnership with Coca-Cola, which included Coca-Cola taking a 16.7% stake in the energy drink maker. BEARISH TAKE: Jefferies analyst Kevin Grundy downgraded Monster Beverage to Hold from Buy, saying that the stock's valuation "looks full" following its rally on Friday. The potential for a strategic deal is no longer a positive catalyst for Monster's stock, as that catalyst largely played out Friday, Grundy believes. Although Coca-Cola is likely to increase its stake in Monster, it will likely take years to do so, the analyst forecast. Additionally, the growth of the global energy drink space has been slowing in recent months, creating risk for Monster, the analyst believes. However, Grundy did raise his price target on the shares to $95 from $80. BULLISH TAKE: The deal is "a big win" for both Monster and Coca-Cola, but Monster will benefit more, analysts at Wells Fargo contended. The deal should significantly increase Monster's opportunity in international markets, according to the firm. Moreover, Wells believes that the market has historically undervalued Monster's international potential, and it estimates that the company's international business is worth about $65 per share. The firm raised its price target range on the stock to $104-$106 from $79-$81 and kept an Outperform rating on the shares. Like Wells Fargo, Credit Suisse expects the deal to accelerate the growth of Monster's international business. Additionally, the firm thinks that Monster could return a significant percentage of the $2.1B it received from Coca-Cola to shareholders, either through share repurchases or a one-time dividend. Credit Suisse increased its price target on Coca-Cola to $98 from $82 and kept an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Monster dropped 4% to $89.50. On Thursday the stock closed at $71.65.
07:41 EDTKOMonster Beverage price target raised to $104-$106 from $79-$81 at Wells Fargo
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