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News Breaks
March 19, 2013
12:35 EDTMNST, PEP, KODoctors send letter to FDA for caffeine limits in energy drinks, NY Times says
According to a New York Times report, a group of 18 doctors, researchers and public health experts sent a letter for FDA commissioner Margaret Hamburg urging the agency to restrict caffeine content in energy drinks. Reference Link
News For MNST;KO;PEP From The Last 14 Days
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June 19, 2013
06:21 EDTPEPPepsiCo initiated with a Neutral at Credit Suisse
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06:21 EDTKOCoca-Cola initiated with an Outperform at Credit Suisse
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June 18, 2013
16:13 EDTPEP, MNST, KOAMA adopts policy supporting ban of marketing energy drinks to kids
The American Medical Association, or AMA, announced that it voted during its Annual Meeting to adopt several new policies on emerging issues in public health and science. Among the policies adopted was support for a ban of the marketing of high stimulant/caffeine drinks to adolescents under the age of 18. "Energy drinks contain massive and excessive amounts of caffeine that may lead to a host of health problems in young people, including heart problems, and banning companies from marketing these products to adolescents is a common sense action that we can take to protect the health of American kids," said AMA board member Alexander Ding, M.D. The Fly notes that Forbes reported earlier this week that the AMA might endorse such a ban.
15:23 EDTMNST, PEP, KOAMA calls for ban on advertising energy drinks to kids, Bloomberg says
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June 17, 2013
08:08 EDTMNSTMonster Beverage weakness on AMA headlines overdone, says Goldman
Goldman believes weakness in Monster Beverage shares following American Medical Association, or AMA, reports that it may endorse a ban on sales and marketing of energy drinks seems overdone. The analyst said the proposal does not contain new information and the AMA requested additional studies to better understand the issue.
07:22 EDTKOBiotech Industry Organization to host a conference
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June 14, 2013
12:57 EDTMNSTMonster Beverage puts active on report AMA may ban energy drinks
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12:43 EDTMNSTOn The Fly: Midday Wrap
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11:22 EDTMNSTMonster Beverage down more than 3% after Forbes says AMA may ban energy drinks
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11:21 EDTPEP, MNSTAMA could endorse ban of 'high energy' drinks, Forbes reports
The American Medical Association may endorse sales and advertising bans of “high-energy/stimulant drinks” to consumers under 18 years old, due to an increase in emergency room visits "linked to the consumption of 'stimulant' drinks," which are made by companies including Monster Beverage (MNST) and PepsiCo (PEP), according to Forbes. Reference Link
11:18 EDTMNSTAMA could endorse ban on high-energy drinks, Forbes says
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June 13, 2013
14:40 EDTKOCoca-Cola volatility increases to 18-month high
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05:58 EDTKOCoca-Cola implied volatility at upper end of index mean range
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June 12, 2013
17:03 EDTPEPPepsiCo in new $2.9B five year credit pact
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June 11, 2013
09:55 EDTPEP, KOCoca-Cola Enterprises falls after highlighting 'challenging' conditions
Shares of bottling company beverage distributor Coca-Cola Enterprises (CCE) are sinking after the company indicated this morning that its operating conditions have been more challenging than expected. WHAT'S NEW: Coca-Cola Enterprises stated that it has faced several challenges in 2013, including macroeconomic weakness, poor weather, strong competition in the U.K., and a tax increase in France. Some of the challenges have been more persistent than expected, and they have impacted the outlook for the company's second quarter results, Coca-Cola Enterprises added. The company said it expects some of these challenges to diminish later in the year. TODAY'S PRICE ACTION: In early trading, Coca-Cola Enterprises fell $1.05, or 2.8%, to $36.10. OTHERS TO WATCH: Other soda companies also fell, with Coca Cola (KO) declining 1.7% to $40.50, PepsiCo (PEP) giving back 1.2% to $81.85, and Dr. Pepper Snapple (DPS) losing 1.4% to $46.40.
June 10, 2013
09:04 EDTKO, PEPBeverage Digest to host a conference
Wall Street Smarts is being held in New York on June 10.
June 7, 2013
14:39 EDTPEPShares poised to finish week higher as jobs report reassures investors
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June 6, 2013
16:22 EDTKO, PEPOn The Fly: Closing Wrap
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12:40 EDTKO, PEPOn The Fly: Midday Wrap
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12:00 EDTKO, PEPGlobes stands by SodaStream story after PepsiCo denial
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