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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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November 24, 2014
10:00 EDTMNSTOn The Fly: Analyst Initiation Summary
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06:24 EDTMNSTMonster Beverage initiated with a Neutral at Longbow
Longbow initiated Monster Beverage with a Neutral based on tougher comps, increased new product competition, and headline risk around health concerns. The firm notes that takeout speculation by Coke offsets downside risk to shares.
November 20, 2014
11:58 EDTKOKeurig Green Mountain sinks after Q1 outlook disappoints, CFO reports departure
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November 19, 2014
18:11 EDTKOKeurig Green Mountain says 2.0 brewer introduced on time with retailer support
Says retailers aggressively ordered portion packs in Q4. Says brewer inventory levels "healthy" for upcoming holiday season. Says will run local, national TV ads during the holidays. Says Canadian business down for FY14. Says will offer 70 brands for brewers by March, 2015. Says on track to launch Keurig Cold in fall of 2015. Says working closely with Coca-Cola (KO) on cold brewing system. Says in FY15, expects growth in portion pack sales to accelerate as the year progresses. Says over 90% locked for coffee costs for FY15, but higher than FY14. Says coffee costs will be a headwind in 2Q15. Says expects some gross margin pressure in Q1. Says continues to expect long-term annual revenue, EPS growth in mid-teens. Comments from company's Q4 earnings conference call.
14:08 EDTKOEarnings Preview: Keurig Green Mountain sees FY14 EPS $3.71-$3.78
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08:15 EDTKOGreat Lakes Coca-Cola Distribution signs definitive agreement with Coca-Cola
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November 18, 2014
16:00 EDTKOOptions Update; November 18, 2014
iPath S&P 500 VIX Short-Term Futures down 48c to 28.09. Option volume leaders: AAPL TSLA TWTR KO PBR GILD according to Track Data.
14:20 EDTKOCoca-Cola rumored to be in sights of 3G Capital, Forbes contributor reports
Investment firm 3G Capital is in advanced talks for a new fund targeted at the food and beverage industry, according to Veja magazine, reported a contributor to Forbes. The new fund could be used to acquire a significant stake in Coca-Cola or possibly even be used to orchestrate a takeover of the beverage giant, according to Veja columnist Geraldo Samor, the Forbes report said. Shares of Coca-Cola have moved into positive territory and are up 0.5% in afternoon trading following the circulation of the Forbes article. Reference Link
November 13, 2014
07:35 EDTMNSTMonster Beverage price target raised to $130 from $110 at Evercore ISI
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November 12, 2014
10:25 EDTKOSABMiller, Coca-Cola to form new company in Africa, Sky News reports
Mark Kleinman of Sky News tweeted, "SABMiller and Coca-Cola to announce formation of new company in Africa later this week, consolidating existing operations, I'm told."

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