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Stock Market & Financial Investment News

News Breaks
August 15, 2014
12:16 EDTPEP, KO, DPS, MNST, GMCR, SODAMonster 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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December 16, 2014
09:31 EDTKOCoca-Cola names Julie Hamilton as Chief Customer & Commercial Leadership Officer
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08:12 EDTMNST, MNSTMonster Beverage upgraded to Buy from Outperform at CLSA
CLSA upgraded Monster (MNST) to Buy and raised estimates to reflect higher international growth forecasts from its partnership with Coca-Cola (KO). Price target raised to $130 from $110.
December 15, 2014
17:16 EDTKOCoca-Cola sees FY15 comparable currency neutral EPS growth similar to FY14
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16:27 EDTKOCoca-Cola sees 2015 net share repurchases of $2B-$3B
As previously indicated, the company does not expect comparable currency neutral EPS growth in 2015 to be significantly different from 2014. Longer term, the company intends to return to delivering against its stated growth targets. Based on current spot rates, existing hedge positions, and the cycling of 2014 rates, the company now expects a 5 to 6 point currency headwind on profit before tax in 2015. The underlying effective annual tax rate on operations in 2015 is currently expected to be 22.5%. In 2015, the company is targeting net share repurchases of $2B to $3B.
16:25 EDTKOCoca-Cola sees 9 point currency headwind on Q4 EPS
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16:20 EDTKOCoca-Cola sees FY14 comparable currency neutral EPS growth of 4%-5%
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16:00 EDTKOOptions Update; December 15, 2014
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13:52 EDTKOWintergreen says Coca-Cola CEO Muhtar Kent 'incapable' of leading turnaround
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06:38 EDTGMCRKeurig Green Mountain transferring coffee buying to Switzerland, Reuters says
Keurig Green Mountain is moving a majority of its U.S. coffee buying operations to Switzerland, emulating its competitors, according to Reuters. The move will make the company "a global beverage player," Reuters quoted a Green Mountain spokeswoman as saying. Reference Link
December 11, 2014
11:39 EDTSODASodaStream calls active on takeover speculation
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11:32 EDTSODARumor: SodaStream moves up on takeover speculation
Shares of SodaStream (SODA) are moving higher amid takeover speculation that Pepsi (PEP) may acquire a stake in the company.
09:00 EDTGMCRKeurig Green Mountain announces expanded agreement with Caribou Coffee
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December 10, 2014
11:41 EDTGMCRGreen Mountain Coffee December calls active
Green Mountain Coffee December weekly 140 calls are active on total call volume of 2,200 contracts, compared to its open interest of 395 contracts. December weekly call option implied volatility is at 57, December is at 37, January is at 32, March is at 33; compared to its 26-week average of 42 according to Track Data. Active call volume suggests traders taking positions for large near term price movement
10:00 EDTKOCoca-Cola to host conference call
Conference call to address financial and modeling-related questions will be held on December 15 at 4:30 pm. Webcast Link
December 8, 2014
16:22 EDTKOCoca-Cola Bottling in pact with Coca-Cola to expand franchise territory
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December 5, 2014
10:00 EDTPEPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Neutral at Goldman... Builders FirstSource (BLDR) initiated with a Neutral at Sterne Agee... CSI Compressco (CCLP) initiated with a Buy at Stifel... California Resources Corp. (CRC) initiated with a Market Perform at Raymond James... Castlight Health (CSLT) initiated with an Equal Weight at First Analysis... DCP Midstream (DPM) initiated with a Buy at MLV & Co.... DSP Group (DSPG) initiated with an Outperform at Imperial Capital... Edwards Lifesciences (EW) initiated with an Outperform at Bernstein... EnLink Midstream (ENLK) initiated with a Buy at MLV & Co.... Facebook (FB) initiated with a Buy at MKM Partners... FireEye (FEYE) initiated with a Market Perform at JMP Securities... FleetCor (FLT) initiated with a Buy at Deutsche Bank... Imperva (IMPV) initiated with a Buy at Nomura... Keryx (KERX) initiated with an Outperform at Cowen... Knowles (KN) initiated with a Market Perform at FBR Capital... Marlin Midstream (FISH) initiated with a Buy at MLV & Co.... Paragon Offshore (PGN) initiated with a Sector Perform at Iberia... PepsiCo (PEP) initiated with a Buy at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Nomura... Relypsa (RLYP) initiated with an Outperform at Oppenheimer... Rocket Fuel (FUEL) initiated with a Sell at Maxim... Sprouts Farmers Markets (SFM) initiated with an Underperform at Longbow... Summit Midstream (SMLP) initiated with a Buy at MLV & Co.... TubeMogul (TUBE) initiated with a Buy at Maxim... Western Gas Partners (WES) initiated with a Buy at MLV & Co.
06:41 EDTPEPPepsiCo initiated with a Buy at Evercore ISI
Target $115.
December 4, 2014
16:02 EDTGMCRKeurig Green Mountain to acquire Bevyz Global for $220M
Keurig Green Mountain announced that it has entered into an agreement to acquire the outstanding equity of MDS Global Holding p.l.c. that it does not already own. The transaction is valued at approximately $220M in cash, based on exchange rates as of the close of business on December 3. Keurig currently owns approximately 15% of Bevyz on a fully diluted basis and will fund the acquisition with cash on hand. The transaction is subject to customary closing conditions and is expected to close in the next month. Following the acquisition, Bevyzís roughly 50 employees will become part of Keurigís technology and product systems teams and are expected to continue to be located primarily in the Netherlands and Malta. Keurig reiterated its FY15 and Q1 guidance provided in its November 19, earnings press release.
16:01 EDTGMCRKeurig Green Mountain to acquire Bevyz Global for $220M
08:37 EDTGMCRKeurig Green Mountain acquires Laughing Man Coffee and Tea brand
Keurig Green Mountain announced it has acquired the Laughing Man Coffee and Tea brand from Laughing Man Worldwide. Keurig will introduce Laughing Manís curated selection of gourmet coffees and teas to Keurig brand packs for use in Keurig brewers beginning in spring 2015. Financial terms of the agreement were not disclosed.
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