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July 31, 2014
06:18 EDTKOAs foreign growth slows, Coca-Cola refocuses at home, WSJ reports
Coca-Cola can no longer lean on its foreign markets for reliable growth, which means it must turn around its U.S. business, the Wall Street Journal, adding that this may prove tough, as Americans drink less soda. Reference Link
News For KO From The Last 14 Days
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May 6, 2015
13:10 EDTKOEarnings Watch: Keurig Green Mountain down about 17% year-to-date
Keurig Green Mountain (GMCR) is scheduled to report second quarter results after the market close on Wednesday, May 6, with a conference call scheduled for 5:00 pm ET. Keurig Green Mountain, formerly Green Mountain Coffee Roasters, is engaged in the specialty coffee and coffee maker businesses and owns the "Keurig" brand of single-serve coffee makers and products. EXPECTATIONS: Analysts are looking for earnings per share of $1.05 on revenue of $1.15B, according to First Call. The consensus range for EPS is $1.00-$1.14 on revenue of $1.12B-$1.18B. LAST QUARTER: Keurig Green Mountain reported first quarter EPS of 88c on revenue of $1.39B, missing estimates of 89c and $1.47B, respectively. The company forecast Q2 EPS $1.00-$1.05 on sales growth in the mid-single digits over last year. The company said its EPS outlook includes an approximate 8c dilute impact of the Coca-Cola (KO) and Lavanzza Equity transactions and a 7c headwind from foreign currency exchange. The company revised its outlook for fiscal year 2015 adjusted EPS to growth of mid-single digits from its previous outlook of mid-single to high-single digits. Net sales growth is now seen in the mid-single to high-single digits compared to fiscal year 2014 from its previous view of high-single to low-double digit sales growth. The company said its FY15 EPS outlook includes an approximate 27c dilutive impact from the FY14 Coca-Cola and Lavazza Equity transactions and an estimated 15c headwind from foreign currency exchange. NEWS: In its last earnings report, Keurig Green Mountain said its cold system is on track to launch this fall. The company said on its conference call that it expects revenue growth to accelerate in the second half of FY15, driven by brewer sales and portion pack revenues. Management stated that commodity costs will be a headwind in FY15. During the quarter, Coca-Cola raised its stake in the company to 16%. At February's 2015 CAGNY conference, Keurig Green Mountain reiterated FY15 guidance and said that M&A activity during the year will be "small," as its focus is on organic growth. During the quarter, Keurig Green Mountain announced a partnership with Reily Foods and DS Services (COT) and agreed to repurchase approximately 5.2M shares of stock held by Lavanzza at $119.18 per share. Recently, Time Inc (TIME) hired Dr. JT Kostman, Keurig's Chief Data Scientist, to the position of Chief Data Officer. According to Keurig Green Mountain's corporate website, Mark Choe was named Chief Technology Officer of Keurig in April. The LinkedIn page of Kevin Sullivan, who was previously the Chief Technology Officer at Keurig, currently lists his position at the company as VP Engineering. STREET RESEARCH: Susquehanna started shares of Keurig Green Mountain with a Positive rating saying K-cup volume growth and the new Keurig Kold could drives shares to $154 by April 2016. UBS noted Keurig Green Mountain's 2.0 reviews are still below older brewer ratings, and said it has noted several improvements, but it still waiting to hear the company is on track to normalize inventory and resume brewer growth in the second half of the year. UBS said the risk/reward is attractive long-term, but acknowledges near-term challenges. On April 20, Morgan Stanley said Keurig Green Mountain weakness is in part due to skepticism on Hot penetration and Kold growth prospects. The firm, which has an Overweight rating and $155 price target on the stock, believes concerns are overstated and acknowledges disappointing year-to-date brewer trends, but said there is a long ramp for increased penetration in the U.S. and little deterioration in brewer purchase intent and strong interest in Kold. On May 4, BofA/Merrill lowered Keurig Green Mountain estimates due to soft end market demand and some missteps in Hot and Kold production. The firm lowered its FY15 EPS estimate to to $4.00 from $4.07 and FY16 EPS estimate to $4.62 from $4.70. PRICE ACTION: Over the last three months, Keurig Green Mountain shares are down nearly 8%. Year-to-date, shares are down about 17%. In afternoon trading ahead of the company's earnings, shares are fractionally lower at $109.57.
April 29, 2015
16:47 EDTKOWintergreen Advisers comments on holder opposition to Coca-Cola executive pay
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07:51 EDTKOMonster Beverage estimates raised at UBS citing solid fundamentals
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April 28, 2015
08:49 EDTKOMonster Beverage shares should be bought on any weakness, says Stifel
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April 23, 2015
06:57 EDTKOCoca-Cola laying groundwork for rebound, says Bernstein
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April 22, 2015
14:00 EDTKOCoca-Cola buys Chinese health beverage maker, WantChinaTimes says
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12:31 EDTKOOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday after having been on a bit of a see-saw during morning trading. The averages opened in positive territory, soon turned negative, then back into positive ground following the release of a better than expected existing home sales report. The housing data was followed by a lift in the averages, which remained in positive ground near noon. ECONOMIC EVENTS: In the U.S., existing home sales rose 6.1% to a 5.19M rate in March, which was better than the expected 3.1% increase to a rate of 5.03M. Crude oil inventories built up by 5.32M barrels last week, which was more than the consensus forecast for a 3.2M barrel build. In Asia, Japan's Nikkei 225 average closed above 20,000 for the first time since April 2000. In Europe, Germany raised its economic growth forecast for 2015 to 1.8%, which was up from the 1.5% growth it said it expected in January. COMPANY NEWS: Shares of McDonald's (MCD) advanced 2% after the company reported headline earnings that missed expectations but also said it is developing a turnaround plan to improve its performance and deliver "enduring profitable growth" that it plans to share in the first week of May. Also rising after its quarterly report was another globally recognized brand, Coca-Cola (KO), whose shares gained 1% after its comparable earnings per share topped the consensus estimate. A third member of the Dow, Boeing (BA), slid over 2.5% after its earnings beat expectations but its revenue fell short of the consensus forecast... Visa (V) rose 5% and MasterCard (MA) advanced over 4% after China's State Council announced overnight that the country will regulate the market access for bankcard transaction clearing institutions, which analysts think might allow both companies to compete for the processing of domestic transactions in the country. MAJOR MOVERS: Among the notable gainers was Angie's List (ANGI), which jumped 12% after the company reported it was profitable in the first quarter and announced an exclusive relationship that will see carpet manufacturer Shaw Industries give the company's members exclusive product offers. Also higher was ASML (ASML), which gained 11% after announcing that it has signed an agreement with one of its "major U.S. customers" to deliver a minimum of 15 ASML EUV, or Extreme Ultraviolet, lithography systems. Afterward, Summit Research said it thinks the most likely buyer is Intel (INTC), which the firm believes does not want to be left behind if TSMC (TSM) puts EUV to use in 10nm processing. Among the noteworthy losers was Natural Resource Partners (NRP), which dropped 19% after the company slashed its quarterly distribution by 75% to 9c per unit. Also lower following their earnings reports were ADTRAN (ADTN), which fell over 9%, Cree (CREE), which slid 9%, and Chipotle Mexican Grill (CMG), which declined 6%. INDEXES: Near midday, the Dow was up 28.69, or 0.16%, to 17,978.28, the Nasdaq was up 6.66, or 0.13%, to 5,020.77, and the S&P 500 was up 5.24, or 0.25%, to 2,102.53.
09:38 EDTKOCoca-Cola says Monster transaction now expected to close mid to late Q2
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09:36 EDTKOCoca-Cola says productivity efforts on track across all spend areas
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09:22 EDTKOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 12.7%... Angie's List (ANGI), up 17.4%... Broadcom (BRCM), up 6.3%... Owens Corning (OC), up 3.8%... Yum! Brands (YUM), up 3.3%... Dolby Laboratories (DLB), up 3.6%... Infinera (INFN), up 2.4%... AutoNation (AN), up 2.5%... Amgen (AMGN), up 3.1%... Coca-Cola (KO), up 2%. ALSO HIGHER: Procera Networks (PKT) up 10.4% after being acquired by Francisco Partners in deal valued at $240M... Organovo (ONVO), up 19.2% after entering into a collaboration agreement with Merck Sharp and Dohme... Vical (VICL), up 5.8% after being awarded $4M contract to manufacture HIV vaccines for clinical evaluation... CTI BioPharma (CTIC), up 4.9% after announcing that Phase 3 pacritinib data will be highlighted in a late-breaking oral presentation at ASCO meeting. DOWN AFTER EARNINGS: Chipotle Mexican Grill (CMG), down 5.2%... iRobot (IRBT), down 3.6%... Cree (CREE), down 3.5%... United Rentals (URI), down 4%... Super Micro Computer (SMC), down 2.3%... Thermo Fisher (TMO), down 2.6%. ALSO LOWER: Natural Resource Partners (NRP), down 14% after reducing quarterly distribution 75% to 9c per unit... Trinity Industries (TRN), down 3.5% following a Bloomberg report that the Justice Department has initiated a criminal investigation into Trinity guardrails.
08:16 EDTKOCoca-Cola announces letteres of intent with U.S. bottling partners
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07:37 EDTKOCoca-Cola up 1.8% to $41.50 in pre-market following Q1 report
07:36 EDTKOCoca-Cola CEO still sees 2015 as 'transition year'
Muhtar Kent, Chairman and CEO of The Coca-Cola Company said, "We are pleased with our solid progress on the implementation and execution of our global strategic initiatives. Though we are still in the early stages, we see some initial positive indicators that we have the right strategies in place to accelerate growth. However, we continue to view 2015 as a transition year as the benefits from the announced initiatives will take time to fully materialize amidst an uncertain and volatile macroeconomic environment. We remain committed to leveraging our superior brand portfolio together with our unparalleled global distribution system to continue creating long-term shareowner value."
07:35 EDTKOCoca-Cola reports Q1 unit case volume up 1%
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07:34 EDTKOCoca-Cola targeting FY15 net share repurchases of $2B-$3B
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07:34 EDTKOCoca-Cola sees 7 point headwind to revenue in Q2 from currency
For Q2, Coca-Cola estimates that currency will be an approximate 7 point headwind on net revenues, a 10 point headwind on operating income and a 5 to 6 point headwind on income before taxes.
07:33 EDTKOCoca-Cola maintains underlying FY15 currency neutral growth expectations
Coca-Cola expects full-year comparable currency neutral EPS growth to be mid single digits, roughly in line with its growth rate in 2014. FY15 EPS consensus $1.98. The company estimates that the net impact of structural items on FY15 results will be a slight headwind on net revenue growth, and it has no material changes to its prior guidance on income before taxes. The company expects fluctuations in foreign currency exchange rates to have an unfavorable impact on its reported results in 2015. Based on current spot rates, existing hedge positions, and the cycling of prior year rates, the company estimates that currency will be an approximate 6 point headwind on net revenues, a 10 point headwind on operating income, and a 7 point headwind on income before taxes for the full year.
07:31 EDTKOCoca-Cola reports Q1 comparable EPS 48c, consensus 42c
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