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Stock Market & Financial Investment News

News Breaks
August 18, 2014
13:12 EDTKO, MNSTAnalysts mixed on Monster Beverage following Coke deal
Analysts had mixed outlooks on energy drink maker Monster Beverage (MNST) in notes to investors earlier today. The analyst comments come after last Thursday night’s announcement that Monster had formed a strategic partnership with Coca-Cola, which included Coca-Cola taking a 16.7% stake in the energy drink maker. BEARISH TAKE: Jefferies analyst Kevin Grundy downgraded Monster Beverage to Hold from Buy, saying that the stock's valuation "looks full" following its rally on Friday. The potential for a strategic deal is no longer a positive catalyst for Monster's stock, as that catalyst largely played out Friday, Grundy believes. Although Coca-Cola is likely to increase its stake in Monster, it will likely take years to do so, the analyst forecast. Additionally, the growth of the global energy drink space has been slowing in recent months, creating risk for Monster, the analyst believes. However, Grundy did raise his price target on the shares to $95 from $80. BULLISH TAKE: The deal is "a big win" for both Monster and Coca-Cola, but Monster will benefit more, analysts at Wells Fargo contended. The deal should significantly increase Monster's opportunity in international markets, according to the firm. Moreover, Wells believes that the market has historically undervalued Monster's international potential, and it estimates that the company's international business is worth about $65 per share. The firm raised its price target range on the stock to $104-$106 from $79-$81 and kept an Outperform rating on the shares. Like Wells Fargo, Credit Suisse expects the deal to accelerate the growth of Monster's international business. Additionally, the firm thinks that Monster could return a significant percentage of the $2.1B it received from Coca-Cola to shareholders, either through share repurchases or a one-time dividend. Credit Suisse increased its price target on Coca-Cola to $98 from $82 and kept an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Monster dropped 4% to $89.50. On Thursday the stock closed at $71.65.
News For MNST;KO From The Last 14 Days
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December 18, 2014
16:22 EDTKOCoca-Cola Bottling announces agreement with Coca-Cola to expand franchise
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December 17, 2014
16:00 EDTKOOptions Update; December 17, 2014
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December 16, 2014
15:53 EDTMNSTBrandon limited reports 12.5% stake in Monster Beverage
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09:59 EDTMNSTOn The Fly: Analyst Upgrade Summary
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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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December 10, 2014
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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