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News Breaks
February 27, 2014
07:40 EDTKOF, KOCoca-Cola Femsa says new Mexico tax hurting sales, WSJ reports
Coca-Cola Femsa CFO Hector Trevino told analysts that the entire beverage industry is experiencing reduced sales volumes of 5% to 7% this year for sweet drinks after a tax was imposed on consumers of one Mexican peso, or eight U.S. cents, per liter beginning in January, reports the Wall Street Journal. Reference Link
News For KO;KOF From The Last 14 Days
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May 22, 2015
09:34 EDTKOCoca-Cola Bottling enters new distribution agreement with Monster Beverage
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May 20, 2015
10:57 EDTKOKeurig Green Mountain calls active
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10:38 EDTKORumor: Keurig Green Mountain active amid renewed Coke-Cola speculation
Shares of Keurig Green Mountain (GMCR) are active amid renewed speculation Coke-Cola (KO) will increase its stake in the company.
07:22 EDTKOCoca-Cola management to meet with SunTrust
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May 15, 2015
11:47 EDTKOAnalysts mixed on Keurig after cold drink maker unveiling
Several research firms disagreed on the outlook for Keurig Green Mountain's (GMCR) upcoming at-home cold beverage maker, Keurig KOLD, after the company unveiled the product yesterday. SunTrust and Bernstein expressed major reservations about the product, while Susquehanna was more upbeat about the device and said the shares had reached a good entry point for investors. WHAT'S NEW: Keurig's management seemed to take a cautious view on the outlook for the device's sales, Bernstein analyst Ali Dibadj wrote. Additionally, the device and its pods "seemed a bit pricey" and large. However, the analyst, noting that the company hopes to eventually cut the price of the product to $200 from $300, called a potential $200 price point "more palatable for consumers." Furthermore, Dibadj says he has a hard time "fully understanding" the company's assertion that the device solves several problems. SunTrust analyst William Chappell, Jr. was impressed by the device's technology, but said he was concerned by the product's initial price and the investments that Keurig will have to make to launch the product. He kept a Neutral rating on the shares. BULLISH OUTLOOK:, Susquehanna analyst Pablo Zuanic said that most of the information on Kold was disappointing. The analyst said that he was disappointed by the device's high price and the fact that it will take a minute to make each drink. However, noting that SodaStream's (SODA) cold drink makers have penetrated 1.5% of U.S. households, the analyst says it is "not out of the question" that Kold can reach 3% household penetration in the U.S. by fiscal 2017-2018. If Kold does attain that milestone, Green Mountain's profits would double, the analyst stated. Zuanic remained upbeat on the company's long-term outlook and says that the stock is not currently reflecting any value for Kold. He believes that the stock has reached a good entry point, and kept a $140 price target and Positive rating on the shares. WHAT'S NOTABLE: Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. PRICE ACTION: In late morning trading, Keurig Green Mountain dropped 8.3% to $94.50, while SodaStream gained 2.5% to $22.25.
08:48 EDTKOKeurig Green Mountain Keurig Cold price points worrisome, says SunTrust
After attending Keurig Green Mountain's (GMCR) Keurig Kold launch event, SunTrust says it was impressed by the device's technology but concerned about its initial price points and near-term investments needed to launch the product. The firm keeps a Neutral rating on the stock. Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. SodaStream (SODA) develops and markets at-home cold beverage makers. :
08:05 EDTKOBernstein has reservations about Keurig Green Mountain's Keurig Kold
After attending Keurig Green Mountain's (GMCR) Keurig Kold launch event, Bernstein says that it has a hard time understanding the device's value proposition and sensed some caution from the company about how quickly the device's penetration will rise and be accretive to earnings. The firm says the device and pods seem a bit expensive, while the brewer and pods are large. The firm believes that the taste of the product's Diet Coke drink was off, although regular Coke and others were good. Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. SodaStream (SODA) develops and markets at-home cold beverage makers.
May 14, 2015
18:41 EDTKOKeurig Green Mountain drops after Keurig Kold investor presentation
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May 13, 2015
16:50 EDTKOCoca-Cola Bottling signs LOI for major expansion of franchise territories
Coca-Cola Bottling (COKE) announced that it has signed a non-binding letter of intent with The Coca-Cola Company (KO) to further expand the company's franchise territory. The transactions proposed in the letter of intent would provide exclusive distribution rights for the company in territories located within Delaware, the District of Columbia, Illinois, Indiana, Kentucky, Maryland, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia. This additional territory would include the following major markets: Baltimore, MD; Alexandria, Norfolk and Richmond, VA; Cincinnati, Columbus and Dayton, OH; Indianapolis, IN and Washington, D.C. Coca-Cola Refreshments USA, a wholly owned subsidiary of The Coca-Cola Company, currently serves these territories. The Company recently completed an expansion of its franchise distribution territory by acquiring sub-bottling distribution rights from CCR in parts of Tennessee, Kentucky and Indiana and continues to integrate these new territories which include major markets in Knoxville, TN, Louisville and Lexington, KY and Evansville, IN. The transactions proposed in the letter of intent are subject to the parties reaching a definitive agreement, with territory expansion closings expected to begin in the fall of 2015. There is no assurance, however, that any definitive agreement will be reached or that the closings of the proposed territory expansion transactions will occur.
16:17 EDTKOCoca-Cola announces letters of intent with two U.S. bottling partners
The Coca-Cola Company has agreed in principle to grant additional expanded territories to Coca-Cola Bottling Co. Consolidated, which will assume markets in Delaware, the District of Columbia, Illinois, Indiana, Kentucky, Maryland, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia. Additionally, The Coca-Cola Company has agreed in principle to grant expanded territories to a new expanding U.S. bottler, Clark Beverage Group, which will assume markets in Mississippi. “As we’ve shared before, we continue to align our U.S. operations with highly capable partners of all sizes that have consistently invested for growth,” said Sandy Douglas, President, Coca-Cola North America. “The announcement today with Coca-Cola Bottling Co. Consolidated and Clark Beverage Group reinforces our successful efforts to move forward with our refranchising plans in the U.S. as we implement a more agile, modern, customer-focused beverage partnership model.”
May 12, 2015
09:14 EDTKOApps World to hold a conference
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07:28 EDTKOMonster Beverage deal financials better than expected, says JPMorgan
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May 8, 2015
07:48 EDTKOMonster Beverage sales growth likely to accelerate in Q2, says Stifel
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