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News Breaks
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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February 9, 2016
06:59 EDTKOCoca-Cola sees FY16 comparable currency neutral EPS growth 4%-5%
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06:59 EDTKOCoca-Cola sees FY16 comparable currency neutral income to grow 6%-8%
06:58 EDTKOCoca-Cola sees FY16 organic revenue up 4%-5%
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06:57 EDTKOCoca-Cola organic revenue down due to impact of six fewer days
The organic revenue decline in the quarter was primarily driven by the impact of six fewer days. After adjusting for the six fewer days in the quarter, concentrate sales were mostly in line with unit case sales. Concentrate sales growth and unit case sales growth were mostly in line for the full year as well. Global sparkling beverage volume growth in the quarter was driven by 1% growth in brand Coca-Cola, 3% growth in Sprite and 7% growth in Coca-Cola Zero, partially offset by a 5% decline in Diet Coke/Coke Light. Global still beverage volume growth in the quarter was driven by 8% growth in packaged water, 6% growth in ready-to-drink tea, 5% growth in juice and juice drinks and 2% growth in sports drinks.
06:56 EDTKOCoca-Cola reports Q4 organic revenue down 1%
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06:56 EDTKOCoca-Cola reports Q4 comparable EPS 38c, consensus 37c
Reports Q4 revenue $10B, consensus $9.91B.
06:39 EDTKOCoca-Cola enters into non-binding letter to refranchise operations in China
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06:38 EDTKOCoca-Cola announces plans to significantly accelerate bottler refranchising
Coca-Cola Company announced that it is accelerating the pace and scale of its bottler refranchising efforts with plans to refranchise 100% of company-owned North America bottling territories by the end of 2017, including all cold-fill production facilities. The company has also entered into a non-binding letter of intent to refranchise company-owned bottling operations in China to existing partners China Foods Limited, part of COFCO Limited, and Swire Beverage Holdings Limited, building on other recent global refranchising initiatives in Europe and Africa. The company's progress and success in transitioning bottling territories to date has provided the confidence to increase the pace of transition. So far, the company has reached definitive agreements or signed letters of intent to refranchise territories that account for more than 40% of bottler-delivered distribution volume in the United States. The company's Coca-Cola Refreshments unit continues to operate company-owned territories in North America and will work to ensure a smooth transition to aligned, new and existing bottling partners going forward. As part of this accelerated refranchising effort, the company now plans to sell the remainder of its company-owned cold-fill production facilities by the end of 2017. These facilities produce sparkling beverages, such as Coca-Cola trademark brands and Sprite, along with still brands such as Dasani. The company expects to maintain ownership of its hot-fill facilities, which produce brands such as Powerade and Minute Maid juices. company-owned hot-fill operations will supply the entire North America Coca-Cola system.
February 8, 2016
16:00 EDTDEOOptions Update; February 8, 2016
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14:28 EDTKONotable companies reporting before tomorrow's open
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14:01 EDTKOEarnings Watch: Analysts becoming more positive on Coca-Cola
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08:16 EDTKOCoca-Cola volatility elevated into Q4 and outlook
Coca-Cola February weekly call option implied volatility is at 26, February is at 20, March is at 17; compared to its 52-week range of 12 to 25, suggesting large near term price movement into the expected release of Q4 results on February 9.
February 5, 2016
10:02 EDTCCE, KOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abbott (ABT) upgraded on valuation at Argus... Allstate (ALL) upgraded to Buy from Neutral at Citi... CACI (CACI) upgraded to Buy from Neutral at Citi... Coca-Cola Enterprises (CCE) upgraded to Neutral from Negative at Susquehanna... Coca-Cola (KO) upgraded to Neutral from Negative at Susquehanna... Comcast (CMCSA) upgraded following Q4 results at Argus... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Fluidigm (FLDM) upgraded to Buy from Neutral at Mizuho... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark... Goldman Sachs (GS) upgraded to Buy at UBS... JPMorgan (JPM) upgraded to Buy from Neutral at UBS... KeyCorp (KEY) upgraded to Buy from Neutral at UBS... Kona Grill (KONA) upgraded to Outperform from Market Perform at Telsey Advisory... LPL Financial (LPLA) upgraded to Neutral at Susquehanna... Level 3 (LVLT) upgraded to Overweight from Equal Weight at Stephens... Resolute Forest (RFP) upgraded to Outperform from Sector Perform at RBC Capital... Suburban Propane (SPH) upgraded to Buy from Neutral at Citi... Sysco (SYY) upgraded at Argus... U.S. Concrete (USCR) upgraded to Buy from Neutral at Citi... Ubiquiti (UBNT) upgraded to Buy from Hold at Wunderlich... United Natural Foods (UNFI) upgraded to Sector Perform from Underperform at RBC Capital... Weatherford (WFT) upgraded to Strong Buy from Market Perform at Raymond James... Whole Foods (WFM) upgraded to Neutral from Underperform at Longbow... Wi-LAN (WILN) upgraded to Speculative Buy from Hold at Canaccord.
07:37 EDTKOCoca-Cola upgraded to Neutral from Negative at Susquehanna
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07:37 EDTCCECoca-Cola Enterprises upgraded to Neutral from Negative at Susquehanna
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06:23 EDTKO20 companies make alliance to keep down healthcare costs, WSJ says
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February 3, 2016
06:13 EDTPRGOPfizer insists Allergan deal won't be thwarted by U.S. politicians, FT says
Pfizer (PFE) has insisted that its $160B acquisition of Allergan (AGN) will not be stifled by political opposition, amid criticism that the deal will cost the U.S. Treasury billions of dollars in future tax revenues, the Financial Times reports. Pfizer CEO Ian Read also reiterated his intention to postpone until 2018 a decision on whether to break of the combined entity into two or three smaller companies, but has said that he would be open to offers for its generics unit, the report says. Mylan (MYL) has been connected to a potential acquisition of Pfizer's generic drugs business after it failed in its attempt to buy Perrigo (PRGO) last year, the report says. Reference Link
February 1, 2016
11:18 EDTKOWells Fargo, Citron take sides in Monster Beverage debate
Monster Beverage (MNST) is rising slightly in the down market after Wells Fargo upgraded the stock, saying that the shares have reached a compelling entry point while Monster's convenience store sales appear to have accelerated. UPGRADE: The recent weakness in Monster's stock has created a "compelling entry point," according to Wells Fargo analyst Bonnie Herzog, who upgraded the stock to Outperform from Market Perform. Moreover, Wells Fargo's survey of beverage retailers suggests that the company's sales at convenience stores rose 10% last quarter, up from 7% in Q3. Additionally, the survey found that the quality of Monster's distribution operation had greatly improved in recent months. As a result, Herzog wrote that the issues caused by the company's transition to using Coca-Cola's (KO) distribution system had been "largely resolved." Monster's earnings growth should accelerate over the next five years as it penetrates new overseas markets, including China, the analyst contended. There are "numerous scenarios" that would enable the beverage maker to beat earnings expectations going forward, Herzog believes. In addition to international expansion, the company could benefit from accelerated share buybacks, a reduced tax rate and "major innovations" in beverages outside of its core energy business, according to Herzog. She raised her price target on the shares to $159-$161 from $139-$141. SHORT REPORT: On January 29, short-selling research firm Citron wrote that Monster's "valuation..is completely removed from reality." Over the past five years, Monster's stock has surged 500%, even though its revenue has only increased 90%, the firm stated. Meanwhile, Coca-Cola's 2014 purchase of a stake in Monster will prevent the latter company from being acquired, as Coke is not interested in buying Monster, Citron contended. In China, Monster will have to cope with high start-up costs, tough competition and lower margins, Citron warned. Furthermore, the company's new products cannibalize its existing drinks, Citron believes. Also on January 29, the small Eastern European country of Latvia decided to ban sales of energy drinks to minors. PRICE ACTION: In late morning trading, Monster climbed 2% to $137.73. The stock dipped about 1.6% on Friday.
January 31, 2016
20:43 EDTKOOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
15:06 EDTKOCoca-Cola makes strategic investment in Chi, plans full ownership within 3 years
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