NEW YORK, May 4, 2017 /PRNewswire/ --
Focus is on the Beverages Soft Drinks industry, which has been coming up with sluggish results this first-quarter earnings season as cross-category competition and growing health and wellness consciousness are hurting demand for carbonated soft drinks (CSD), as per a Zacks report. Additionally, the CSD category, particularly the Cola segment, has come under fire, as consumers are opting for alternative beverage offerings. Pre-market today, Stock-Callers.com monitors The Coca-Cola Co. (NYSE: KO), Pepsico Inc. (NYSE: PEP), Monster Beverage Corp. (NASDAQ: MNST), and Coca-Cola European Partners PLC (NYSE: CCE). Learn more about these stocks by downloading their free research reports in PDF format at:
On Wednesday, shares in Atlanta, Georgia headquartered The Coca-Cola Co. recorded a trading volume of 10.38 million shares. The stock ended the day at $43.32, declining 0.16% from the last trading session. The Company's shares have advanced 2.15% in the past month, 5.92% in the previous three months, and 5.41% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.22% and 3.73%, respectively. Furthermore, shares of Coca-Cola, which manufactures and distributes various nonalcoholic beverages worldwide, have a Relative Strength Index (RSI) of 61.19.
On April 19th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'.
On April 27th, 2017, Coca-Cola's Board of Directors declared a regular quarterly dividend of 37 cents per common share. The dividend is payable on July 03rd, 2017, to shareowners of record as of June 15th, 2017. The Board, earlier this year, approved the Company's 55th consecutive annual dividend increase, raising the quarterly dividend 6% from 35 cents to 37 cents per common share. This is equivalent to an annual dividend of $1.48 per share. Sign up and read the free research report on KO at:
Purchase, New York headquartered Pepsico Inc.'s stock saw a slight drop of 0.45%, finishing yesterday's session at $111.79 with a total trading volume of 3.34 million shares. The Company's shares have gained 9.27% over the previous three months and 7.58% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.31% and 5.35%, respectively. Additionally, shares of Pepsico, which operates as a food and beverage company worldwide, have an RSI of 45.21.
On April 12th, 2017, research firm Susquehanna upgraded the Company's stock rating from 'Neutral' to 'Positive'.
On May 02nd, 2017, Pepsico's Board of Directors declared a quarterly dividend of $0.8050 per share of the Company's common stock, a 7.0% increase versus the year-earlier comparable period. The dividend is payable on June 30th, 2017, to shareholders of record at the close of business on June 02nd, 2017. The complimentary research report on PEP can be downloaded at:
Shares in Corona, California headquartered Monster Beverage Corp. ended the session 0.56% higher at $44.93. The stock recorded a trading volume of 2.37 million shares. The Company's shares have gained 7.44% over the previous three months and 1.33% on an YTD basis. The stock is trading 1.69% below its 50-day moving average. Moreover, shares of Monster Beverage, which through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the US and internationally, have an RSI of 41.40.
On April 26th, 2017, Monster Beverage announced that results for its Q1 2017 ended March 31st, 2017, will be released on Thursday, May 04th, 2017, after the close of the market. The Company also said that Chairman and CEO, Rodney Sacks, and Vice Chairman and President, Hilton Schlosberg, will host an investor conference call that same day at 2:00 p.m. PT to review the Company's financial results and operations. Register for free on Stock-Callers.com and access the latest report on MNST at:
Coca-Cola European Partners
At the closing bell on Wednesday, Uxbridge, UK-based Coca-Cola European Partners PLC's stock dropped 1.05%, finishing at $37.69. A total volume of 1.51 million shares was traded, which was above their three months average volume of 1.34 million shares. The Company's shares have gained 1.06% in the last month, 9.14% over the previous three months, and 20.75% on an YTD basis. The stock is trading 2.97% and 4.88% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Coca-Cola European Partners, which produces, distributes, and markets a range of non-alcoholic ready-to-drink beverages in Europe, have an RSI of 53.08.
On April 24th, 2017, Coca-Cola European Partners said that CEO Damian Gammell will present at the Goldman Sachs Global Staples Forum in New York City on Tuesday, May 09th, 2017, at 8:55 a.m. ET. The presentation can be accessed live via webcast on the Company's website. Get free access to your research report on CCE at:
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