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Stock Market & Financial Investment News

News Breaks
August 15, 2014
12:16 EDTMNST, KO, SODA, DPS, PEP, GMCRMonster surges as Coca-Cola takes 16.7% stake in company
Shares of beverage company Monster Beverage (MNST) are surging after Coca-Cola (KO) took a 16.7% stake in Monster and the companies announced a long-term strategic partnership and asset swap. WHAT'S NEW: Coca-Cola will pay $2.15B for a 16.7% stake in Monster Beverage Corp, the companies said. Under the terms of their agreement, Coca-Cola will add two directors to Monster's board. Coca-Cola will transfer ownership of its worldwide energy business including brands like NOS, Full Throttle, Burn, Mother, Play and Power Play, and Relentless to Monster. Monster will transfer its non-energy business, which includes Hansenís Natural Sodas, Peace Tea, Hubertís Lemonade and Hansenís Juice Products to Coca-Cola. Coca-Cola will become Monster's preferred distribution partner globally, while Monster brands will be the only energy drinks distributed by Coca-Cola. At closing, Coke will make a net cash payment of $2.15B and transfer its worldwide energy business to Monster, and Monster will issue to Coke the shares of Monster common stock, transfer its non-energy business to Coke, and enter into expanded distribution arrangements. The transaction is expected to close late in 2014 or early in 2015. WHAT'S NOTABLE: On slides discussing the partnership, Monster said that it anticipates fiscal year 2013 pro forma operating income to be over $700M following the deal with Coke vs. $600M for "current Monster." Monster sees a pro forma second quarter cash balance of $2.6B vs. $0.8B for current Monster. ANALYST REACTION: Following the companies' announcement, Wells Fargo analyst Bonnie Herzog said she feels that the Coke/Monster deal is a good move for both firms. She expects the agreement to significantly quicken Monster's international division and believes that the company's market share could gross 4 to 5 times its current international sales within the next three years due to the deal. She feels that Coke gains increased access to the energy category. The firm maintains an Outperform rating on both the stocks. Stifel analyst Mark Astrachan perceives Monster's agreement with Coke as hugely positive since it builds international and U.S. revenue synergies while boosting EBITDA BY $95M next year. He keeps Monster's shares with a Buy rating and raises its price target to $94 from $75. CLSA upgraded Monster to Outperform from Underperform. PRICE ACTION: During afternoon, Monster is up $21.62 or 30.17% to $93.27 and Coca-Cola is up 58c or 1.46% to $40.76. OTHERS TO WATCH: Shares of SodaStream (SODA) are up relatively flat following the news. Dr. Pepper Snapple (DPS) is down 0.2% and PepsiCo (PEP) is down 0.25%. Shares of Keurig Green Mountain (GMCR) are down 1% since Coke took a 10% stake in the company on February 5.
News For MNST;KO;SODA;DPS;PEP;GMCR From The Last 14 Days
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September 17, 2014
16:00 EDTKOOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
06:53 EDTKOWhite House says companies taking steps to reduce HFCs emissions
The Obama Administration yesterday announced new private sector commitments and executive actions to reduce emissions of hydroflourocarbons, or HFCs, powerful greenhouse gases that contribute to climate change, the Shite House stated. Coca-Cola (KO) has set a goal for 100 percent of its newly purchased cold drink equipment to be HFC-free, .while DuPont (DD),, announced that its new products are anticipated to reduce greenhouse gas content of refrigerants by some 90M tons carbon dioxide equivalent in the U.S., and 245M tons worldwide by 2025, the White House noted. Honeywell (HON) plans to transition the majority of its high-GWP HFC production to new low-GWP production, while Johnson Controls (JCI) committed to using the lowest GWP option for each application that best fits the needs of its customers from the standpoint of safety, efficiency, reliability, availability, and economy, according to the White House Johnson Controls also commits to spend $50M over the next three years to develop new products and improve and expand its existing low-GWP portfolio.
06:06 EDTKOWal-Mart to pay $66,000 to settle false advertising investigation with NY AG
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September 16, 2014
17:14 EDTPEPPepsiCo, Molson Coors still look inexpensive, Barron's says
PepsiCo (PEP) and Molson Coors (TAP) both look enticing and look ready to head higher, Barron's argues in its 'Barron's Take' column. Both companies look inexpensive, when you consider growth prospects and their reasonable valuations, the paper adds. Reference Link
13:52 EDTKOWal-Mart finalizes Coca-Cola ad agreement in New York, Bloomberg says
New York attorney general Eric Schneiderman said that Wal-Mart (WMT) charged New York customers more for Coca-Cola (KO) products than stated in national circulars, going against inaccurate advertising regulations, according to Bloomberg, citing a statement from Schneiderman. The retailer will pay a $66K penalty to settle the matter. Reference Link
10:00 EDTSODASodaStream trades higher on talks to sell report, levels to watch
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09:59 EDTPEP, DPS, MNST, KOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
09:25 EDTSODAOn The Fly: Pre-market Movers
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09:15 EDTSODASodaStream volatility expected to move on talks to sell itself report
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07:49 EDTKOBofA/Merrill to hold a conference
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07:38 EDTSODASodaStream in talks to sell itself to British fund, TheMarker says
SodaStream is in talks to sell itself to a "British investment fund" for $840M, or $40 per share, according to Israel's TheMarker, citing "capital market" sources. Shares of SodaStream trading in New York are up nearly 4% early in pre-market trading following the Hebrew-language report. Reference Link
September 15, 2014
16:16 EDTPEPPepsiCo initiated with an Outperform at Cowen
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16:15 EDTKOCoca-Cola initiated with a Market Perform at Cowen
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16:15 EDTMNSTMonster Beverage initiated with a Market Perform at Cowen
Target $94.
16:15 EDTDPSDr Pepper Snapple initiated with a Market Perform at Cowen
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14:18 EDTKOPulteGroup names Manish Shrivastava as Chief Marketing Officer
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12:35 EDTKOCoca-Cola brings back SURGE after 12 year hiatus, exclusively through Amazon
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September 10, 2014
16:00 EDTKOOptions Update; September 10, 2014
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11:04 EDTKOCoca-Cola management to meet with SunTrust
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September 8, 2014
15:43 EDTKO, MNSTMonster Beverage asks court to block NY probe subpoena, Bloomberg says
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