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Stock Market & Financial Investment News

News Breaks
January 2, 2013
14:03 EDTKOCoca-Cola acquires Sacramento Coca-Cola Bottling Company, terms not disclosed
Sacramento Coca-Cola Bottling Company announced that it has been acquired by The Coca-Cola Company (KO). Sacramento Coca-Cola is the sixth-largest independent Coca-Cola bottler in the United States, with territories in all or part of nine counties in northern California. The purchase price was not disclosed. However, the sale approximates nine times earnings before interest, taxes, depreciation and amortization (EBITDA).
News For KO From The Last 14 Days
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March 2, 2015
08:22 EDTKOMonster Beverage price target raised to $163 from $130 at Cowen
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March 1, 2015
13:05 EDTKOBerkshire's Buffett says 2015 will be 'tough year' for 'Big Four' investments
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February 27, 2015
16:14 EDTKOOn The Fly: Closing Wrap
Stocks on Wall Street were lower for the day, but still rose for the week and the month of February. The market moved in a narrow range for most of today's session despite a host of economic reports that were released earlier in the day. In spite of today's modest declines, the market put the finishing touches on one of its best months ever, with the Dow and S&P posting their best monthly rises since October 2011 and the Nasdaq notching its best month since 1998. ECONOMIC EVENTS: In the U.S., the Commerce Department estimated GDP grew at an annual rate of 2.2% in the last quarter of 2014, which is weaker than the 2.6% rate first estimated last month, but above the consensus forecast for the GDP growth rate to be cut to 2%. The Chicago PMI fell 13.6 points to 45.8 in February, which was much worse than the expected reading of 58.0. The University of Michigan consumer sentiment final February print came in at 95.4, which is a little better that the 93.6 preliminary February print and above the consensus forecast for a 94.0 reading. The pending home sales index bounced 1.7% to 104.2 in January, versus expectations for it to be up 2%. COMPANY NEWS: Two notable retailers moved in opposite directions following their quarterly reports, as Gap (GPS) rose and J.C. Penney fell. Gap gained $1.23, or 3.05%, to $41.60 after the company reported fourth quarter earnings that beat expectations. The owner of Old Navy, Banana Republic and its flagship nameplate also announced a $1B share repurchase program and plans to increase its dividend. J.C. Penney, meanwhile, reported earnings that missed expectations and gave a 2015 gross margin outlook that disappointed some analysts and its shares slid 62c, or 6.8%, to $8.50. MAJOR MOVERS: Among the notable gainers was Monster Beverage (MNST), which jumped $16.38, or 13.13%, to $141.12 after the energy drink maker's fourth quarter results surpassed analystsí consensus estimates and announced plans to expand distribution with Coca-Cola (KO) bottlers into additional territories. Among the noteworthy losers was Weight Watchers (WTW), which dropped $6.23, or 35.48%, to $11.33 after reporting lower than expected quarterly revenues and issuing a worse than expected profit forecast for its new fiscal year. Also lower were shares of Southwestern Energy (SWN), which fell $1.27, or 4.82%, to $25.08 after becoming the latest oil production company to lower its 2015 capital expenditure forecast. INDEXES: The Dow fell 81.72, or 0.45%, to 18,132.70, the Nasdaq lost 24.36, or 0.49%, to 4,963.53, and the S&P 500 declined 6.24, or 0.3%, to 2,104.50.
12:54 EDTKOOn The Fly: Midday Wrap
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11:47 EDTKOMonster Beverage rallies to 52-week high after Q4 results top estimates
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09:25 EDTKOMonster Beverage price target raised to $165 from $130 at Stifel
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08:25 EDTKOCoca-Cola makes largest ever Euro bond sale by U.S. company, WSJ says
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07:54 EDTKOMonster Beverage price target raised to $150 from $120 at JPMorgan
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February 26, 2015
16:30 EDTKOMonster Beverage, Coca-Cola expand distribution agreement
In August 2014, Monster Beverage (MNST) and Coca-Cola (KO) entered into definitive agreements for a long-term strategic partnership to accelerate growth for both companies in the global energy drink category. Under the agreements, Coca-Cola will acquire an approximate 16.7% ownership interest in Monster and will transfer ownership of its worldwide energy business to Monster, which, in turn, will transfer its non-energy business to Coca-Cola. Monster and Coca-Cola will amend their current distribution coordination agreements to expand distribution with Coca-Cola bottlers into additional territories. Upon closing, Coca-Cola will become Monster's preferred distribution partner globally, and Monster will become Coca-Cola exclusive energy play. The transaction, which is subject to customary closing conditions, is expected to close in Q2.
February 25, 2015
16:00 EDTKOOptions Update; February 25, 2015
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February 24, 2015
16:06 EDTKOOptions Update; February 24, 2015
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February 23, 2015
10:17 EDTKOCoca-Cola calls active amid speculation of potential management changes
Coca-Cola February 42 and 42.5 weekly calls are active on total call volume of 7K contracts (1K puts) amid speculation of potential management changes. February weekly call option implied volatility is at 21, March and April is at 16, May is at 17; compared to its 26-week average of 18 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
10:01 EDTKORumor: Coca-Cola active amid speculation of potential management changes
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February 20, 2015
10:02 EDTKOCoca-Cola says has a 'lot of heavy lifting to do'
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09:47 EDTKOCoca-Cola says long term growth targets include high single digit EPS growth
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04:50 EDTKOStocks with implied volatility movement; QCOM KO
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February 19, 2015
16:01 EDTKOOptions Update; February 19, 2015
iPath S&P 500 VIX Short-Term Futures down 70c to 30.11. Option volume leaders: AAPL TSLA TWTR AMAT PBR KO FB AXP NFLX according to Track Data.
11:07 EDTKOCoca-Cola board increases quarterly dividend 8% to 33c per share
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February 17, 2015
16:31 EDTKOCoca-Cola Bottling signs agreement with Coca-Cola affiliate
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07:15 EDTKOConsumer Analyst Group of New York (CAGNY) to hold a conference
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